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Oil prices jumped back above $100 a barrel and global stocks fell after weekend talks between the US and Iran ended without an agreement and Donald Trump imposed a blockade of the Strait of Hormuz. The US president announced the blockade on Sunday, targeting Iranian vessels and ships that have paid a toll to Iran for passage through the strait, in an attempt to choke off the flow of Iranian oil.US Central Command said it would start at 10am ET (5.30pm in Iran and 3pm in the UK), blocking all Iranian Gulf ports and coastal areas, in effect seizing control of maritime traffic in the Strait of Hormuz. The news drove oil and gas prices sharply higher again, after the two-week ceasefire between the US and Iran announced on Wednesday prompted a sharp fall in energy prices, and crude ended the week below the psychological $100 a barrel threshold.Brent crude rose by nearly 7% to $101.74 a barrel on Monday morning, while US crude is up more than 8% to $104.69 a barrel. Gas prices also increased, with the British wholesale gas contract for May soaring by 11.7% to 122.5p a therm. Analysts at JPMorgan Chase said last week they expected oil prices to stay high in the second quarter, above $100 a barrel, before easing in the second half of the year.Most Asian stock markets fell on Monday, with Japan’s Nikkei down 0.7% and Hong Kong’s Hang Seng index losing 1%, while Chinese stocks rose slightly. Sentiment was helped by Beijing’s announcement of a 10-initiative strategy aimed at deepening ties with Taiwan. European stocks also fell, led by airlines including Lufthansa, Wizz Air, easyJet and British Airways parent IAG. The FTSE 100 index in London lost 0.4%, dropping 45 points to 10,555. Germany’s Dax fell 1%, Italy’s FTSE MiB slipped 0.7% and Spain’s Ibex was down 1.1%. With oil and gas prices rising sharply higher, energy companies such as BP and Shell are rallying.Priyanka Sachdeva, senior market analyst at the broker Phillip Nova, said: “In today’s environment, every barrel of risk added to oil markets carries an inflation price tag for the global economy.” She added: “The market reaction underscores a simple but powerful reality: Hormuz risk is not theoretical; it is structural, and it is real.”Interest rate expectations have shifted again; investors now see an 84% chance of two rate increases from the Bank of England this year to tackle rising inflation, up from 60% on Friday. Before the Iran war, the central bank was expected to cut rates. The price of gold fell 0.4% to $4,730.75 an ounce as the blockade fuelled inflation concerns, prompting traders to scale back expectations for Federal Reserve rate cuts this year.

Israeli airstrikes across southern Lebanon have killed at least 18 people, including eight civilians in a village near Sidon and ten victims – among them three emergency workers – in the Nabatieh district, according to Lebanon’s Health Ministry. The ministry’s latest figures show the conflict, which erupted on March 2 after Hezbollah fired rockets in support of Iran, has now claimed 2,020 lives and wounded 6,436 since Lebanon was drawn into the U.S.–Israel war on Iran. In a separate incident, two Israeli paratroopers were wounded by shrapnel during clashes with Hezbollah forces in the south, as reported by Israel’s Channel 13. Amid the escalating violence, President Joseph Aoun announced that Lebanese, Israeli and U.S. officials will convene in Washington next week to discuss a ceasefire and the framework for future negotiations under U.S. auspices. Hezbollah, however, has reiterated its refusal to engage in direct talks with Israel, labeling the proposed negotiations a “blatant violation of the national pact, the constitution and Lebanese law,” according to lawmaker Hassan Fadlallah. Pro‑Hezbollah demonstrators gathered near the government headquarters in central Beirut, waving the group’s yellow flag and the Iranian standard, to protest the planned talks. Hezbollah and its ally, the Amal Movement, later urged supporters to refrain from further demonstrations, citing the need for stability and civil peace. Israeli Prime Minister Benjamin Netanyahu emphasized that any peace settlement must be lasting and called for the disarmament of Hezbollah, underscoring the deep strategic divide. While the United States and Iran announced a tentative ceasefire this week, the agreement’s applicability to Israel’s campaign in Lebanon remains uncertain. Iranian officials claim they secured a U.S. assurance that Israel will reduce attacks on Lebanon, but no confirmation has been received from Israeli authorities regarding a ceasefire or a reduction in hostilities. These diplomatic efforts coincide with historic in‑person ceasefire talks between the U.S. and Iran in Islamabad, Pakistan, highlighting the broader regional stakes of the Lebanon‑Israel conflict.

Wigan Warriors edged out Wakefield Trinity 22-20 in a thrilling Super League quarter-final, securing their spot in the semi-finals against St Helens. The match was marked by Wakefield's strong early performance, with tries from Jake Trueman and Ky Rodwell giving them a 12-0 lead.However, Wigan responded impressively, with Patrick Mago halving the deficit and Liam Marshall bringing the scores level. A crucial moment came when Wakefield's Jazz Tevaga was sent to the sin-bin for 10 minutes, allowing Wigan to gain momentum.Harry Smith's try on the hooter saw Wigan take a 16-14 lead at halftime. Wakefield continued to push, but Wigan's experience ultimately paid off as they held their nerve in a tense final quarter.Wakefield's Zach Eckersley scored twice, but it wasn't enough to overcome Wigan's strong finish. The win sets up a highly anticipated semi-final between Wigan and St Helens, while Wakefield will look to regroup and come back stronger next season.

Birmingham City defeated Wrexham 2-0 at St Andrew’s, a result that pushes the Red Dragons further from the Championship playoff places. The loss leaves Wrexham four points behind sixth‑placed Hull City with only four games remaining.After a 5-1 drubbing by Southampton, the defeat marks Wrexham’s first back‑to‑back losses since August. Manager Phil Parkinson tried to steady the mood, saying, “We’ve had a tough week, but we’re not down and out yet. People may write us off, but inside the dressing room we’re still fighting.”Goals came from Carlos Vicente, who headed in his third goal for Birmingham since joining in January, and Christoph Klarer, who added a second‑half strike to seal the win.Wrexham’s attack was virtually silent – they failed to register a single shot on target, and goalkeeper James Beadle had little to do. In contrast, Birmingham’s keeper Arthur Okonkwo made several first‑half saves, keeping the hosts in control.The victory gave Birmingham their first win in over a month and lifted them to 15th place in the league table. The hosts dominated possession, forcing early saves from Okonkwo and creating chances for Ibrahim Osman and August Priske, though those early efforts were thwarted.In the second half, a well‑timed delivery from Kai Wagner allowed Vicente to rise highest at the far post and head home. Later, a corner from Paik Seung‑ho found Klarer, who muscled past Max Cleworth and finished confidently.Substitutes Josh Windass and Nathan Broadhead were introduced by Parkinson in a bid to spark Wrexham’s attack, but the visitors could not muster any meaningful threat in the final quarter.Birmingham manager Chris Davies praised his side’s performance: “We were excellent throughout. When the opposition doesn’t have a shot on your goal and you score two – we could have scored five – that’s everything.”

Texas is expanding its global reach with the launch of a new office in London, aimed at attracting UK businesses and investment to the low-tax Lone Star State. The office, led by James Taylor, one of the founders of the Austin-based lobbying and public relations firm Vianovo, is part of Texas's efforts to lure corporate heavyweights across its borders.The new site adds to a growing list of international offices from which Texas can try to draw businesses. Texas charges neither corporation nor income tax, making it an attractive destination for companies looking to relocate or expand.Lobbyists working in the London office will court UK bosses with incentives including new, fast-track business courts and multimillion-dollar subsidies. Their targets are expected to include the City's banks and investment houses, as the state aims to build on Dallas's financial-sector boom.The ambitions have caught the attention of the City of London Corporation, with the City's mayor, Susan Langley, discussing how London could tap into excitement over the launch later this year of the state's first dedicated stock market, the TXSE. “With the launch of the Texas Stock Exchange, new dual-listing opportunities could connect British and Texan firms to fresh capital,” she said.The news comes as London tries to reverse a trend where businesses have been abandoning the UK stock market, choosing either to go private or shift their listings to hubs overseas, including New York.Texas has already had success luring jobs and investment from rival US states, including California, Delaware, and New York. Texas has overtaken California in having the largest number of Fortune 500 company headquarters of any American state, with companies like Oracle, Tesla, X Corp, and SpaceX having moved to the state in recent years.A spokesperson for Governor Greg Abbott's office said: “Texas has long had a global presence, with offices in Mexico and most recently in Taiwan designed to attract foreign direct investment and job creation into Texas, while also helping Texas companies export worldwide.”

Lamine Yamal orchestrated Barcelona’s dominant 4‑1 triumph over Espanyol, delivering a decisive assist to Ferran Torres for a late brace that pushed the Catalan giants further ahead in the La Liga race.Torres opened the scoring in the 10th minute and doubled the lead at the 25th, both times finding the net from Yamal’s precise passes. The teenage playmaker sealed the win in the 87th minute when Espanyol threatened a comeback, and Marcus Rashford added a fourth goal two minutes later after a set‑up from substitute Frenkie de Jong.Barcelona’s victory comes on the back of Real Madrid’s 1‑1 draw with Girona, allowing the Blaugrana to extend their lead over the capital side to nine points with only seven fixtures remaining.Both clubs are now focused on bouncing back from recent Champions League quarter‑final setbacks – Barcelona fell 2‑0 to Atletico Madrid, while Real Madrid were edged out 2‑1 by Bayern Munich.Torres, who entered the season with 16 league goals, had endured a goal drought since 31 January, spanning 13 matches across all competitions. His strike against Espanyol, a well‑timed header from Yamal’s corner, ended the slump and was celebrated with a tongue‑in‑cheek hand‑gesture referencing media criticism of his form.He completed his brace by deftly redirecting a low pass from Yamal past goalkeeper Marko Dmitrovic, showcasing his renewed confidence and link‑up play.Espanyol’s lone reply came from midfielder Pol Lozano, who capitalised on a loose ball in the 56th minute to make it 2‑1 before Rashford’s late goal restored Barcelona’s control.De Jong’s return after a month‑long injury layoff proved pivotal, providing the assist that set up Rashford’s strike and highlighting Barcelona’s depth as they chase a second consecutive league title.

The U.S. Central Command (CENTCOM) reported that the destroyers USS Frank E. Peterson and USS Michael Murphy "transited the Strait of Hormuz and operated in the Arabian Gulf" as part of a mission to clear sea mines allegedly laid by Iran’s Islamic Revolutionary Guard Corps (IRGC).Admiral Brad Cooper hailed the operation as a turning point in the U.S.–Israeli campaign against Iran, saying the navy was establishing a "new passage" to restore safe commercial flow. Iran’s Khatam al‑Anbiya Central Headquarters immediately rejected the claim, stating that any vessel movement in the strait remains under the "Armed Forces of the Islamic Republic of Iran" and that the U.S. report is "strongly denied." The strait, a narrow chokepoint through which roughly 20% of the world’s oil and natural gas transits, has been a flashpoint since the February 28 U.S.–Israel attacks that prompted Iran to restrict passage to pre‑approved ships. The closure spiked global fuel prices and disrupted both commercial and military traffic. Analysts, such as Maria Sultan of the South Asian Strategic Stability Institute, argue that any U.S. navigation would require Tehran’s explicit permission, underscoring the strategic leverage Iran holds over the waterway. Simultaneously, senior delegations from the United States and Iran met in Islamabad for historic face‑to‑face talks—the highest‑level engagement since the 1979 Islamic Revolution. The negotiations, sparked by a preliminary ceasefire announced earlier in the week, focus on contentious issues including Iran’s nuclear program, frozen assets, and the future of Israeli operations in Lebanon. Both parties acknowledge that control of the Strait of Hormuz remains a major point of disagreement. Iran has signaled willingness to temporarily reopen the channel for commercial shipping but insists on maintaining leverage, proposing tolls to compensate for war damages. The United States, however, deems continued Iranian control a "non‑starter." U.S. President Donald Trump used his Truth Social platform to assert that Iran is "losing big" and to downplay the strait’s importance to the United States relative to its allies, claiming the mine‑clearing effort benefits nations such as China, Japan, South Korea, France, and Germany. Al Jazeera’s on‑the‑ground correspondents noted that despite a "deficit of trust," negotiators are working late into the night to bridge gaps, though fundamental disagreements over the strait’s governance persist.

Arsenal's title ambitions took a significant hit as they were stunned 2-1 by Bournemouth at The Emirates on Saturday. Alex Scott's 74th-minute goal proved to be the decisive blow, handing Manchester City a lifeline in the Premier League title race.The defeat left Arsenal with a nine-point lead over City, but Pep Guardiola's side have played two games fewer and can close the gap if they beat Chelsea on Sunday. Arsenal's first defeat in nine league games means they have 70 points from 32 games, while City have 61 points from 30 games.Bournemouth were the better side in the first half and took the lead through Eli Junior Kroupi's 17th-minute goal. Kroupi has now scored 10 times in the top flight this season, becoming the first teenager to reach that mark in his debut campaign in the Premier League since Robbie Keane for Coventry City in the 1999-2000 season.Arsenal equalized in the 35th minute through Viktor Gyokeres' penalty, but they were unable to find a winner. Bournemouth's victory moved them into ninth place and boosted their hopes of European qualification.The result was a significant upset, given Arsenal's recent form and their four-match winning run in the Premier League prior to the game. The Gunners had not been in league action for almost a month, having suffered a League Cup final defeat by City and a shock FA Cup quarterfinal exit at the hands of second-tier Southampton.

Djibouti's longtime President Ismail Omar Guelleh has claimed a landslide victory in the country's latest elections, ushering in his sixth consecutive term in the Horn of Africa country.Guelleh secured 97.81 percent of the votes cast on Friday, according to official results published by Djibouti's state-run news agency.His sole opponent, Mohamed Farah Samatar, earned just 2.19 percent of votes. Samatar's Unified Democratic Centre (CDU) opposition party has no seats in parliament, and he struggled to gain recognition ahead of the polls.Guelleh, 78, wrote on X as early results arrived: “Reelected”. Politicians last year removed presidential age limits, allowing him to seek another five years in power.Voter turnout was 80.4 percent on Friday, according to Djibouti media outlets. Roughly a quarter of the population – about 256,000 people – were registered to vote.Guelleh has ruled Djibouti's population of roughly one million since 1999. Neighbouring Eritrea, Ethiopia and Somalia, the country is strategically located at the Bab al-Mandeb strait, which provides access to the Red Sea from the Gulf of Aden.Even as voters turned in their ballots on Friday, few doubted who would win. Thousands had gathered at Guelleh's campaign rallies ahead of the election, while his posters could be seen plastered across the capital.