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The ongoing conflict in Iran has caused significant turmoil in the global oil markets, with Brent crude oil prices climbing 51% since the start of March, according to LSEG data. This surge has put Brent crude on track for its biggest monthly gain on record, surpassing the previous record of 46% set in September 1990 during the first Gulf War.On Friday, Brent crude closed at $112.57 a barrel, up from $72.48 a barrel on February 27, the day before the US-Israeli war on Iran began. The price of Brent crude traded as high as $119.50 a barrel during March, its highest level since June 2022, after Iran largely closed the Strait of Hormuz, a critical passage for a fifth of global oil and gas.Despite a coordinated release of 400m barrels of oil from emergency reserves announced on March 11, oil prices continued to climb throughout the month. Analysts at BloombergNEF estimate that 9m barrels of oil per day have been knocked off global oil supply due to the Middle East conflict.The conflict has also had a ripple effect on other assets, with gold prices falling by almost 15% since the start of March, on track for its worst month since 2008. The spot price of gold has been under pressure from the sale of about $3bn of bullion by the Turkish Central Bank last week, which cut its reserves by almost 50 tonnes to 772 tonnes to fund efforts to stabilize the Turkish lira.The Dow Jones industrial average has also been impacted, entering a correction at the end of last week, more than 10% below its record high. Stocks fell despite US President Donald Trump's latest extension on planned strikes against Iran's energy infrastructure, as investors anticipated prolonged disruption to oil from the Gulf.“Markets appear to be placing less weight on White House jawboning and focusing more on the underlying supply risks,” said Fawad Razaqzada, an analyst at City Index. Britain's stock market also had a poor month, with the FTSE 100 index falling more than 8% – on track for its worst month since March 2020, when Covid-19 rocked financial markets.

The Pakistan Cricket Board has taken disciplinary action against fast bowler Naseem Shah for criticizing the presence of a politician at the start of the Pakistan Super League (PSL). The tournament is being played behind closed doors due to the Middle East conflict and exorbitant fuel hikes in the region.Shah had commented on a tweet about the opening game by the PCB, questioning why Chief Minister of Punjab Maryam Nawaz was treated like a 'queen' at the Gaddafi Stadium. He later claimed his account had been hacked and deleted the post.The PCB issued a show-cause notice to Shah for violating the terms of his central contract, media policy, and regulations. Shah is required to provide a response within a stipulated time, and the PCB will decide on further action.This incident is not the first time a Pakistani cricketer has faced disciplinary action for expressing their opinions. Last year, Aamer Jamal was fined $4,000 for displaying a slogan in favor of Imran Khan, Pakistan's imprisoned former prime minister.Shah is scheduled to play for Rawalpindi Pindiz in Saturday's game against Peshawar Zalmi, led by former Pakistan all-formats captain Babar Azam.

Russia has officially designated Pavel Talankin, the main protagonist of the Oscar-winning documentary 'Mr Nobody Against Putin', as a 'foreign agent'. This move comes after Talankin, a teacher and videographer, spent two years documenting pro-war propaganda at a school in the Chelyabinsk region of west-central Russia.Talankin, in collaboration with US director David Borenstein, won the Best Documentary award at the Academy Awards earlier this month. The documentary features footage Talankin smuggled out of Russia in 2024, showcasing how students were exposed to pro-war messaging.A Russian court recently banned the documentary from several streaming platforms, citing that it promoted 'negative attitudes' about the Russian government and the war in Ukraine. Since Russia's full-scale military invasion of Ukraine in February 2022, Russian authorities have sought to suppress opposition to the war and rally support among citizens.As a 'foreign agent', Talankin is subject to stringent bureaucratic requirements and income restrictions in Russia. He is also obligated to label his social media posts and publications with the 'foreign agent' designation.In his Oscar acceptance speech on March 15, 2026, Talankin urged an end to global conflicts, stating, 'Stop all of these wars now'. The documentary has sparked controversy, with some Russians opposing Putin and the war criticizing Talankin for filming colleagues and children without consent.

The United Nations Refugee Agency (UNHCR) has issued a grave warning that Lebanon faces the threat of a humanitarian catastrophe as Israel continues its weeks-long bombardment and expands ground operations across the country.UNHCR's Lebanon representative Karolina Lindholm Billing reported that Israeli strikes and forced displacement orders have affected people throughout Lebanon, from the southern regions to the Bekaa Valley, Beirut, and northern areas. More than 1.2 million people have been forced from their homes since Israel's intensified attacks began in early March, according to UN figures."The situation remains extremely worrying and the risk of a humanitarian catastrophe ... is real," Lindholm Billing stated during a briefing in Geneva. She emphasized that Lebanon's overstretched shelter system is struggling to meet the growing needs of displaced families.The UN representative highlighted particularly concerning developments, including strikes on central Beirut's densely populated neighborhoods where many had sought refuge in collective shelters. "The families are ... living in constant fear, and the psychological toll, particularly on children, will last far beyond this current escalation," she added.Israel launched its intensified attacks against Lebanon after Hezbollah fired rockets toward Israeli territory following the February 28 assassination of Iranian Supreme Leader Ayatollah Ali Khamenei in the US-Israel war on Iran. The Israeli military has since conducted aerial and ground operations across Lebanon while issuing mass forced displacement orders for residents of southern areas and several Beirut suburbs.On Friday, the Israeli military announced air strikes on Beirut and issued new displacement orders for neighborhoods including Haret Hreik and Burj al-Barajneh. Meanwhile, Hezbollah has continued rocket attacks into northern Israel and confrontations with Israeli troops in southern Lebanon.Rights groups have strongly condemned Israel's expanded operations, with Human Rights Watch warning that preventing Lebanese civilians from returning to their homes in the south may constitute the war crime of forced displacement. "Israel's tactics of mass expulsion in Lebanon raise serious risks of forced displacement," the organization stated. "Forced displacement and collective punishment are war crimes."International concerns have been further heightened by the Israeli military's destruction of civilian homes and several bridges connecting southern Lebanon to the rest of the country. "The destruction of key bridges in the south has cut off entire districts ... isolating over 150,000 people and severely limiting humanitarian access," Lindholm Billing explained.As the crisis deepens, Lebanon's government faces mounting challenges in responding to the rapidly deteriorating humanitarian situation, with evacuation orders now extending to areas previously considered safe, exacerbating panic among the civilian population.

Israel has confirmed that it has struck a uranium processing facility in the central Iranian city of Yazd, in an escalatory move that comes as regional diplomats have been attempting to broker an agreement to halt the joint US-Israeli war on Iran.The Israeli Air Force said it hit a plant used to extract raw materials essential to the uranium enrichment process, describing it as a 'unique facility' in Iran's nuclear infrastructure. Iran's Atomic Energy Organization confirmed the strike, but said there were no casualties or radiation leaks.A projectile also hit near the Bushehr Nuclear Power Plant, Iran's Atomic Energy Organisation said. The attack caused 'no casualties, financial, or technical damage,' the organisation said.Friday marked day 28 of the conflict, and the assault by the Israeli army was part of a broad wave of attacks on sites across the country. The Khondab Heavy Water Complex in central Iran was hit, as well as two major steel plants: the Khuzestan Steel facility and the Mobarakeh Steel complex in Isfahan.Foreign Minister Abbas Araghchi said Iran will 'exact heavy price' for Israeli attacks on several important infrastructure sites. 'Israel has hit 2 of Iran's largest steel factories, a power plant and civilian nuclear sites among other infrastructure,' said Araghchi in a post on X.Strikes also hit areas in and around Tehran, the city of Kashan and Ahwaz, while 18 people were killed in Qom. More than 1,900 people have been killed in US-Israeli attacks on Iran since the war began on February 28.Iranian officials said US-Israeli strikes have damaged at least 120 museums and historical sites across the country since hostilities began.Negar Mortazavi, a senior non-resident fellow at the Center for International Policy, told Al Jazeera that even Iranians who had been critical of their own government increasingly view the war as an assault on the Iranian people rather than its leadership, saying the targeting of water, electricity, gas, cultural heritage, schools and hospitals was 'unacceptable.'Israeli Defence Minister Israel Katz said Israel would 'intensify' its campaign and expand the range of sites it targets, accusing Tehran of deliberately directing missiles at Israeli civilians.

Stephen Colbert is stepping behind the camera to co‑author the screenplay for a forthcoming Lord of the Rings film, teaming up with franchise veteran Peter Jackson. The announcement arrives as CBS prepares to conclude Colbert’s run on The Late Show in May 2026.Born in Washington, D.C., and raised in a large Catholic family, Colbert faced a tragic plane crash in 1974 that claimed his father and two brothers. The loss drove a ten‑year‑old Colbert into the worlds of fantasy literature and tabletop role‑playing games, especially J.R.R. Tolkien’s novels and Dungeons & Dragons. He later reflected that these early escapades sharpened his improvisational instincts—a skill that would become central to his comedy career.After studying drama at Northwestern, Colbert honed his craft at Chicago’s Second City, where he met future collaborators Steve Carell, Amy Sedaris and Paul Dinello. Their partnership produced cult projects such as Exit 57 and Strangers with Candy, laying the groundwork for Colbert’s breakthrough on Comedy Central’s The Daily Show in 1997.On The Daily Show and later The Colbert Report, he created the satirical pundit persona “Stephen Colbert,” a parody of right‑wing commentators that introduced the now‑iconic concept of “truthiness.” While the character was deliberately absurd, Colbert often slipped personal touches—his Catholic upbringing and Tolkien enthusiasm—into the act, even securing a cameo from Viggo Mortensen in 2007.When he succeeded David Letterman on The Late Show in 2015, Colbert abandoned the on‑air alter‑ego and presented himself as a more authentic host. His tenure coincided with the 2016 U.S. presidential election, prompting a shift toward sharper political commentary. Despite a decline in overall late‑night ratings, Colbert’s show regularly outperformed rivals Jimmy Fallon and Jimmy Kimmel, becoming the most‑watched network late‑night program in the United States.The decision by CBS to end The Late Show has been framed as a strategic retreat from the costly late‑night market, not a punitive move against Colbert’s outspoken criticism of former President Trump. Nonetheless, the cancellation has sparked speculation about the network’s motives amid broader industry consolidation.In a recent interview, Colbert described late‑night television as a “third space” for Americans—a communal venue that bridges home and work. He emphasized that his goal has always been to foster connection, whether through humor or more serious conversations, such as a 2021 interview with Andrew Garfield about personal grief.Looking ahead, Colbert insists he is not retiring from entertainment. Writing a new Lord of the Rings movie feels like a full‑circle moment, returning him to the literature and role‑playing that helped him survive childhood trauma. The project promises to blend his deep‑seated fandom with his seasoned storytelling abilities, potentially ushering in a fresh creative phase beyond the talk‑show circuit.

A massive heist involving over 12 tons of KitKat chocolate bars has occurred in Europe, just ahead of the Easter holiday. The stolen shipment, consisting of 413,793 units of KitKat's 'new chocolate range', was pilfered on March 26 while en route to Poland.The truck, which left a factory in central Italy, was intercepted by thieves, and the vehicle and chocolate have not been recovered. No one was hurt during the heist, according to a Nestlé spokesperson.Nestlé, the parent company of KitKat, confirmed the theft and is investigating the incident with local authorities and supply chain partners. The company warned that the stolen bars could end up in unofficial markets.The stolen chocolate bars were from KitKat's new Formula One line, which features race car-molded bars with KitKat's iconic chocolate-covered wafers. This product line was launched after KitKat became the official F1 chocolate bar last year.Nestlé officials noted that law enforcement can trace stolen products through batch codes assigned to individual bars. The company also expressed concern about the increasing trend of cargo theft, stating that it has chosen to go public with its experience to raise awareness.“We've always encouraged people to have a break with KitKat,” Nestlé said in a statement. “But it seems thieves have taken the message too literally and made a break with more than 12 tons of our chocolate.”

The US Treasury Department has taken a strong stance against the Financial Times (FT), formally requesting a retraction of a report that suggested Treasury Secretary Scott Bessent had discussed increasing oversight of the Federal Reserve in a manner similar to the Bank of England's model. In a detailed email to senior editors at the FT and its parent company, Nikkei Inc., Treasury officials disputed multiple claims in the story, criticizing the headline as misrepresenting the underlying reporting. The FT had reported on March 26 that Bessent had discussed adopting practices similar to the Bank of England, including regular communication between the Fed governor and the US Treasury Secretary over inflation targets. Treasury officials denied that Bessent had endorsed such views or discussed adopting similar practices in Washington. They also took issue with the headline, which stated that Bessent had 'praised' the Bank of England model for tighter oversight, a claim that did not appear in the text of the story. “The Secretary has never made any of the above statements in public or private,” Elliott Hulse, the acting assistant secretary for public affairs, wrote in the email. “At no time has the secretary ‘discussed tightening the US Treasury’s oversight of the Federal Reserve by adopting elements of the Bank of England’s model in a step that would shake up the central bank’s relationship with government.’” The FT responded by stating they were confident in the accuracy of their story, including US Treasury responses in the article. This incident highlights the sensitivity surrounding the Federal Reserve's political independence, especially following Donald Trump's repeated threats to fire Fed Chair Jerome Powell for not reducing borrowing costs as requested. Investors prioritize the Fed's independence in making policy decisions, as political pressure could lead to rapid inflation and subsequent sharp rate increases. The Treasury's actions mark an effort to discredit the FT report, with Bessent himself denying the claims on social media.

In the hallway at the Portuguese federation's base in Oeiras near Lisbon, Roberto Martínez stands with arms outstretched, embodying the warmth of welcome that has defined his coaching career. Seventy-five days before the World Cup begins, the man whose favorite goal was against Scunthorpe at Springfield Park now leads one of football's most formidable nations, with matches against Mexico and the United States serving as final preparation for the tournament.Martínez's journey to this moment defied conventional expectations. Arriving in England in 1995 as a 21-year-old unknown who didn't speak English, he recalls the cultural shock: 'You've spent your whole life learning you have to look after the ball, then you get there and the first thing they say is: 'Second ball'.' The Spanish midfielder, who would later be dubbed one of the 'Three Amigos' at Wigan, embraced the challenge with an attitude that has defined his career: 'Why not?'From his humble beginnings at Wigan, where he helped win the Third Division and Football League Trophy, Martínez has carved an extraordinary path through football. His coaching career took him through Swansea, Belgium—where he led the team to the world's No. 1 ranking—and now Portugal, where he has inherited a squad filled with exceptional talent. 'Portugal is a football school,' he explains, 'Ten million people and yet they fill the world's best dressing rooms.'Central to Portugal's World Cup aspirations is Cristiano Ronaldo, the legendary forward who has given 21 years to the national team. Martínez dismisses the notion that Ronaldo's pursuit of 1,000 career goals defines his motivation, instead emphasizing the 40-year-old's unwavering commitment: 'Cristiano's attitude is always: 'I'm here for the national team, whatever you need.' The coach reveals that despite a current hamstring injury, Ronaldo's absence is merely a two-week pause before his return to action.Portugal enters the World Cup as one of the favorites, with a squad boasting captains from Manchester United, Porto, Manchester City, and four key players from European champions Paris Saint-Germain. 'Winning the Nations League was very good for us,' Martínez notes, referring to their victory against Spain, the world's No. 1 team and European champions. 'I wouldn't say there's an anxiety in Portugal to win the World Cup; I would say it's excitement, hope.'The coach's meticulous preparation extends to every detail, including playing at altitude in closed stadiums to simulate World Cup conditions. His selection process reflects both compassion and pragmatism: 'I'll choose a list of 26 and four others who know they are on standby.' This approach, he believes, creates a more positive environment when injuries occur.Martínez acknowledges the unique challenges of a 48-team World Cup spanning 50 days, noting: 'No scientific study would deny a human is changed by that.' Yet he remains optimistic, drawing inspiration from Portugal's football history and the numerological significance of 2026—sixty years since Eusébio's World Cup performance. 'It's all sixes. Let's dream. Why not?' he concludes, embodying the philosophy that has taken him from Spanish unknown to Portugal's World Cup dreamer.