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Global stock markets swung wildly on Monday as investors reacted to US President Donald Trump's decision to postpone military strikes on Iranian power plants. The move led to a relief rally in European markets, with the French Cac 40, Spanish Ibex, and German Dax all rising by 0.8%, 1%, and 1.2% respectively.The FTSE 100 share index, which had fallen by almost 1.5% in early trading, reversed course to gain 0.4% before paring back to close down 0.2%. US markets were up more than 1% in early afternoon trading on Wall Street.Oil prices, which had been rising after Trump threatened to strike Iranian infrastructure, dropped sharply. Brent crude, the international benchmark, fell 10% to $101 a barrel. The UK month-ahead gas prices fell 6% to 142p a therm.Trump announced on his social media platform Truth Social that the US and Iran had “very good and productive conversations” over the past two days regarding “a complete and total resolution of our hostilities in the Middle East”. He said he had instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five-day period, subject to the success of ongoing meetings and discussions.The global economy has been bracing for much higher oil prices due to disruption in the strait of Hormuz, with Goldman Sachs forecasting Brent crude will average $85 a barrel this year, up from previous expectations of $77 a barrel. Brent hit $119.50 a barrel earlier this month, the highest since the war began.

Jaxon Smith-Njigba, the star wide receiver for the Seattle Seahawks, has secured a monumental contract extension. The deal, valued at $168.6m over four years, includes $120m guaranteed, making him the highest-paid wide receiver in NFL history.The annual salary of $42.15m surpasses that of Cincinnati Bengals star Ja’Marr Chase, who averages $40.25m per season on his four-year, $161m deal. This significant increase reflects Smith-Njigba's value to the Seahawks and his impressive performance on the field.In February, Smith-Njigba expressed his expectation of becoming the highest-paid at his position, stating, “I think I deserve to be the highest-paid at my position, just what I give to the game and the community, I give it my all. And I think that’s worth a lot, lot more.” He emphasized his passion for the game, noting, “I would play this game for free, I love this game so much, but you don’t have to. I’m learning to be a good businessman, and we need that check at the end of the day.”Smith-Njigba's achievements include being the NFL Offensive Player of the Year in 2025, setting franchise records with 119 receptions and 1,793 receiving yards, and catching 10 scoring passes. His playoff performance was stellar, with 17 catches for 199 yards and two touchdowns, including a strong showing in Super Bowl LX.At 24 years old, Smith-Njigba has accumulated 282 receptions for 3,551 yards and 20 touchdown catches in 51 NFL games. As the 20th overall pick in 2023 out of Ohio State, he is a two-time Pro Bowl selection, solidifying his status as a top player in the league.

A new and disturbing trend in scams, known as 'friendship fraud,' is on the rise, specifically targeting older people who are lonely or bereaved. This type of scam involves criminals using social media platforms to build relationships with potential victims, often over a long period, before requesting money for various reasons. The scam typically begins with a connection on social media, where the fraudster will research and tailor their initial messages to appear as though they share common interests with the victim. Once a level of trust is established, the scammer will begin to make requests for money, often for small amounts or seemingly urgent needs. According to TSB, the average amount lost by victims of friendship fraud is £3,100. In some cases, victims have lost as much as £4,000 or more over several years. The fraudsters often request payments through bank transfers or gift cards, making it difficult for victims to recover their losses. Experts warn that older people who are lonely or bereaved are particularly vulnerable to these scams, as they may be more desperate for human connection and more likely to trust someone who appears to share their interests. Caroline Abrahams of Age UK describes the fraud as 'especially horrible and insidious,' noting that it can have devastating consequences for victims, including financial loss, health issues, and a breakdown in trust. To avoid falling victim to friendship fraud, experts advise severing contact immediately if someone you met online requests money. If you suspect you or someone you know has been targeted, report it to Report Fraud and discuss it with your bank. Documenting all interactions with the scammer can also help in efforts to recover losses or prosecute the fraudster.

The world of sports is witnessing a surge in teenage sensations, with young athletes excelling in various disciplines at an unprecedented rate. Max Dowman became the youngest ever scorer in the Premier League, while Sky Brown won her second world championship in skateboarding at just 17. This trend raises questions about whether these prodigies are simply outliers or if there is a pattern emerging. Data suggests that peak performance age across various sports is increasing, with the average age of Olympians rising by two years between 1992 and 2021. However, the emergence of young talents like Luke Littler, a two-time darts world champion by 18, and Emma Raducanu, who won a women's singles title in a grand slam at 18, indicates a shift towards younger athletes dominating sports. Formula One may hold some clues to this phenomenon, with driver academies evolving into advanced athlete development programs. The Premier League's elite player performance plan, introduced in 2012, has also contributed to the rise of young talents, providing them with excellent resources, including physical, medical, psychological, and educational support. Experts like Sean Cumming, professor in paediatric exercise science, highlight the importance of biobanding and tailored training programs for young athletes. However, concerns remain about the risks of injuries and the need for careful workload management for these young athletes. While some, like Des Ryan, director of sports and physical wellbeing at the University of Galway, express reservations about feeding youth athletes into adult sports, the trend of teenage sensations is likely to continue. As sports science and athlete development programs advance, we can expect to see more young athletes making a significant impact in their respective sports.

In El Salvador, the Oriente Salvaje surf spot, known for its world-class breaks, Las Flores and Punta Mango, is facing significant threats from climate change. The local economy, heavily reliant on surf tourism, sputters to a halt due to intense tropical storms causing flooding and disrupting transport routes.To mitigate these risks, Rodrigo Barraza, a local surfer, teamed up with Save the Waves, an international surfing nonprofit organization. They took out a parametric insurance policy for Oriente Salvaje, which can be used to support recovery from climate change impacts. This policy is triggered when damaging conditions cross a predetermined threshold, such as wind speed or rainfall level.The project aims to provide rapid support for the local community, which includes hotels, restaurants, surf shops, fishers, and drone experts. A survey of 50 local businesses showed that, on average, 70% of their income was dependent on surf tourism. Several informal operators, such as surf photographers, guides, and boat drivers, are especially vulnerable to changeable weather.The payout will be triggered once weather conditions reach an extreme associated with observable income loss. It will be distributed to anywhere between a few hundred and several thousand beneficiaries in the region. The size of the payout is still being determined, as well as which insurer it will be, but Save the Waves hopes to have a pilot running by June.The pioneering program has not been hurdle-free. Angelo Picardo, Save the Waves' local coordinator, says: "El Salvador is a developing country and we don't have an insurance culture – people don't even have health insurance – so there's a lot of work you have to do on the ground to bring people on board."Another challenge has been funding the premiums without burdening local businesses. Save the Waves is in talks with the Salvadorian government, which since 2019 has been channelling millions from loans into a nationwide surf tourism initiative.This type of insurance is bound to spread as more communities and ecosystems experience weather extremes. However, Swenja Surminski, an international expert on innovative insurance for ecosystems, warns that "parametric solutions must be combined with broader resilience and adaptation strategies".

The ongoing conflict between the US and Iran has significant implications for the UK economy, with the potential to plunge the country into a severe energy crisis. The Strait of Hormuz, a critical shipping lane for oil, is now rendered unsafe due to Iranian drones and mines, threatening to disrupt global fuel supplies. Historically, the UK has faced similar challenges, such as during the Suez crisis 70 years ago, when petrol rationing was introduced. Former BP executive Nick Butler warns that if the crisis persists, the UK could be just weeks away from needing to ration fuel, with critical users like emergency services being prioritized. The economic consequences of such a crisis are far-reaching. A sustained energy crisis could push up average British household energy bills by £500, according to the Resolution Foundation thinktank. This would further exacerbate the cost of living crisis, which has already seen inflationary shocks and a backlash against incumbents. The UK government faces difficult decisions. Chancellor Rachel Reeves has already taken steps to help 1.7 million households reliant on oil for heating and hot water, whose bills have doubled. However, her warning that financial help will be targeted at lower earners suggests that harder decisions lie ahead. In the long term, the UK must consider investing in net zero initiatives to reduce dependence on fossil fuels. Modelling by the government's expert Climate Change Committee suggests that if Britain sticks to its net zero path, even a substantial oil shock would raise energy bills by only 4% by 2040. However, implementing such policies in the midst of a crisis is a challenging task.