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The US Sanctions Waiver Extension The United States has announced another 30-day extension of a sanctions waiver for countries buying Russian oil and petroleum products currently already loaded on tankers at sea. This decision, announced by Treasury Secretary Scott Bessent, will last until June 17 and aims to provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea. The Impact on Global Energy Markets The extension will provide additional flexibility, and the US will work with these nations to provide specific licenses as needed. This general license will help stabilize the physical crude market and ensure oil reaches the most energy-vulnerable countries. It will also help reroute existing supply to countries most in need by reducing China’s ability to stockpile discounted oil. The Data Analysis According to analytics firm Kpler, there is currently about 113 million barrels of oil or liquid volume (Mbbl) of Russian crude and condensate loaded on ships and at sea. Russian crude oil in transit is approximately 106Mbbls. Floating storage of Russian crude has declined significantly since the start of the year from a high of about 19Mbbls in late January to 7Mbbls now. The Impact Analysis The US waiver extension works in Moscow’s favor as it allows for more trade over a shorter distance. Despite US President Donald Trump claiming to have extracted a promise from Indian Prime Minister Narendra Modi to stop buying Russian oil, India and China remain consistent purchasers of Russian oil. In fact, Russian oil exports to India stood at more than 2 million bpd last month, while exports to China remained strong at 1.05 million bpd. The Prediction With the sanctions waiver now extended, Russian oil exports to other countries are likely to grow. However, experts believe that the impact of the waiver on prices will be limited, given that it only applies to oil already loaded on ships before mid-April. As a result, oil prices are likely to continue rising for as long as traffic through the Strait of Hormuz remains disrupted.

The San Diego Mosque ShootingA security guard at the Islamic Center in San Diego, California, has been hailed as a “hero” after he was killed while trying to prevent suspected shooters from entering the mosque complex in an attack police are investigating as a hate crime.At least three people were killed after two teenage attackers opened fire at the San Diego mosque on Monday. Authorities have yet to publicly identify the victims, but community leaders have named the guard as Amin Abdullah.Who was Amin Abdullah?A family friend identified the guard as a well-known face at the mosque, who had been working there for more than a decade, The Associated Press news agency reported.“He wanted to defend the innocent, so he decided to become a security guard,” said Sheikh Uthman Ibn Farooq, who had spoken with Abdullah’s son. The family could not immediately be reached for comment.Local media reports suggest that Abdullah was a father of eight.The Impact of the AttackUnited States officials said the guard “played a pivotal role” in preventing the attack from being “much worse”. “It’s fair to say his actions were heroic,” San Diego Police Chief Scott Wahl said at a news conference. “Undoubtedly, he saved lives today.”At the time of the shooting, children were attending a private school located inside the complex, according to ABC News.The Response to the AttackThe mosque’s director, Imam Taha Hassane, called it “extremely outrageous to target a place of worship”.“All the places of worship in our beautiful city should always be protected,” he said.He added that the centre focused on interfaith relations and community building, and that a group of non-Muslims had been touring the mosque earlier Monday to learn about Islam.The Council on American-Islamic Relations (CAIR), one of the largest Muslim civil rights and advocacy groups in the US, condemned the shooting.

Bezalel Smotrich, Israel’s far‑right finance minister, said on May 19, 2026 that the International Criminal Court in The Hague had requested an arrest warrant against him, citing his role in forced displacement policies in the West Bank.Smotrich Announces ICC’s Confidential Warrant RequestAt a news conference, Smotrich did not disclose the source of the information but described the alleged warrant as “a declaration of war” and vowed to retaliate. He also announced plans to sign an order to evacuate the West Bank village of Khan al‑Ahmar, intensifying the controversy.Legal Context and Recent ICC ActionsIn November 2024, the ICC issued arrest warrants for Prime Minister Benjamin Netanyahu and former Defence Minister Yoav Gallant over alleged war crimes in Gaza.The court has also targeted several Hamas leaders, many of whom were killed in Israeli operations.Sanctions imposed by the United States have cut off ICC judges and prosecutors from major banks and tech platforms.Political and Diplomatic FalloutThe United Kingdom and four other nations have already sanctioned Smotrich and fellow minister Itamar Ben‑Gvir for incitement against Palestinians. Smotrich’s call for permanent conquest of Gaza and settlement expansion further isolates Israel on the international stage.Potential Consequences for Israeli PolicyIf the ICC warrant is confirmed, Smotrich would become the third Israeli official targeted after Netanyahu and Gallant.International pressure could affect Israel’s settlement plans and its ability to secure financing for West Bank projects.Domestic backlash may empower hard‑line factions within the coalition, influencing future security and displacement decisions.Outlook: Escalation or Diplomatic Containment?Analysts warn that the warrant could trigger a cycle of retaliation, including harsher settlement actions and further legal challenges at the UN. However, diplomatic channels may seek a containment strategy to avoid widening the conflict, especially as the war‑crimes investigations continue.

President Donald Trump said the United States will hold off on a scheduled attack on Iran after Qatar, Saudi Arabia and the UAE asked for a pause while “serious negotiations are now taking place.” The decision follows a fresh Iranian peace proposal routed through Pakistan and a series of drone incidents that have heightened tension across the Gulf.The Decision to Pause a Planned Iranian StrikeMay 19, 2026: Trump announces the attack is on hold at the request of Gulf allies.May 18, 2026: Drone attacks hit the Barakah Nuclear Energy Plant in the UAE and Saudi airspace.April 8, 2026: Temporary cease‑fire begins, six weeks after the war started.Trump instructed Secretary of Defense Pete Hegseth and Joint Chiefs Chairman General Dan Caine to stand down, while keeping forces ready for a “full, large‑scale assault” if talks fail.Numbers Behind the Conflict: Ceasefire Timeline and Strategic AssetsIran holds roughly 440 kg of uranium enriched to 60 %—well below the 90 % threshold for a weapon.The Strait of Hormuz carries about 20 % of global oil and LNG shipments.Since the cease‑fire, hostilities have largely subsided, but no durable peace agreement has been reached.Geopolitical Ripple Effects Across the GulfThe pause underscores the delicate balance between U.S. pressure on Iran’s nuclear program and the Gulf states’ fear of escalation. Saudi Arabia’s interception of three drones and Iran’s restriction of shipping through the Strait of Hormuz threaten global energy markets. Meanwhile, Russia’s offer to store Iran’s enriched uranium adds another layer of diplomatic complexity.What Comes Next: Scenarios for U.S.–Iran TalksAnalysts see three likely paths:Deal reached: Iran agrees to freeze enrichment and release frozen assets, leading to a formal end‑to‑hostilities.Stalemate persists: Core issues—enriched uranium, sanctions, and Strait of Hormuz control—remain unresolved, extending the “life‑support” cease‑fire.Military escalation: If negotiations collapse, the U.S. may resume the planned strike, risking broader regional conflict.

The Rise of AI-Generated Hate OperationsScroll through any Facebook feed in Britain and, between the baby announcements and petty neighbourhood beefs, you're likely to come across an account with a union jack profile picture and a vague, generic name like Britain Today. These accounts – and there are hundreds, possibly thousands of them – present themselves as the work of British patriots. In one typical, AI-generated video, a middle-aged man claims his local cafe "has stopped serving pork, bacon and sausages just to avoid offending people". Another post from the same account includes a sepia-tinted set of images of Victorian London, mourning a time when the city "was English, first-world and beautiful". Alongside this type of reactionary nostalgia, it's not unusual to see memes that call Islam a "cancer", decry Muslims praying in public as an "invasion of the west" or promote the "great replacement theory".The Financial Incentives Behind AI Hate ContentFor the past seven months, I have been investigating who is really behind pages like these. The answer, it turns out, is often young, entrepreneurial men from south Asia. They tend to have zero interest in UK politics, but the content they create often boosts far-right talking points in Britain and contributes to the increasingly hostile atmosphere for immigrants and British Muslims. They're part of a booming cottage industry producing commercial AI slop.The financial incentives for creating this kind of content are huge, particularly for creators in the global south. At the Bureau of Investigative Journalism, we looked in detail at two very successful "sloperations" targeting British audiences from Pakistan and Sri Lanka. They make money from the online ads that Meta places next to high-performing content. Meta shares a proportion of the ad revenue with the creators and also makes direct payments to creators to reward posts that receive a lot of engagement.Once you hone your algorithmic rage bait, there's very good money to be made from slop. The Pakistani creator, a devout Muslim who we are not naming for his own safety, told us he makes $1,500 (£1,119) a month from one of his pages alone; Geeth Sooriyapura, the Sri Lankan creator, claimed to have made $300,000 over the course of his Facebook career. We weren't able to verify these figures, but both men were certainly making many times the average income in their countries.The Economic Impact of AI-Generated PropagandaTheir success represents the seductive promise of "passive income" culture, a pervasive modern gospel that says you should quit your job and make easy money online. The proponents of this philosophy also often sell courses as an additional revenue stream: Sooriyapura claimed that 2,500 people, mainly other Sri Lankans, have graduated from his content academy.Rightwing propaganda and Islamophobia are, of course, not new. But two key structural factors have made it particularly pervasive on social media.The Technological and Policy EnablersFirst, the wide availability of generative AI tools. These are used at every stage of the content creation process: to brainstorm ideas, to write captions and, most importantly, to create compelling images and videos. This is particularly helpful if, like the Pakistani creator, you do not speak English well. In one video we reviewed from Sooriyapura's Facebook course, he told his students that AI-generated videos can help political content go viral up to 10 times faster.Second is Meta's retreat from content moderation. Over the past couple of years, the major social platforms have made mass redundancies on the trust and safety teams that monitored and took down harmful content. This was partly motivated by pressure from the Trump administration, which believed that platforms had engaged in heavy-handed censorship of content during the Biden presidency.Social media companies justify the moderation job cuts by pointing to their use of AI to find harmful content more efficiently. But our reporting shows there is masses of deeply offensive content on there which anyone could find in a few minutes, if they bothered to look.The Future of Online Hate Speech and Platform AccountabilityAfter we spoke to the Pakistani creator, he said it was a "good thing" we had informed him about the nature of his posts and he deleted many of them. Sooriyapura told us that he did not encourage his students to "spread violence" and that he just educates "people on Facebook monetisation and audience-targeting".The Pakistani creator didn't cover his tracks particularly well. It took me a couple of hours and a little help from Osint Industries, a platform that collates information on social media accounts, to definitively confirm that the person who ran the Islamophobic slop account also had personal accounts in his own name sharing verses from the Qur'an. These are actions that Meta easily could have taken itself. But why would it spend good money implementing its own policies when there is so little political or regulatory pressure to do so?When we contacted Meta in both these cases, it took down many of their pages and sent a one-line statement: "We have clear community standards that prohibit hate speech, harassment, harmful misinformation and inauthentic behaviour and we have removed these accounts for violating our policies." I've been a tech journalist long enough to have been through this process with Meta and other social platforms many times before. The Sri Lanka network is, depressingly, back up and running, having faced minimal consequences after a bit of downtime.Meta can, and should, be doing more to take these kinds of accounts down. But as long as its core product is an algorithmic feed that financially rewards content that provokes extreme emotions, others will always appear in its place.

Lead: Billionaires Offer AI Reassurance as Job‑Loss Fears GrowThe United States is witnessing a clash between tech moguls who portray artificial intelligence as a source of unprecedented prosperity and a mounting public anxiety that AI could wipe out millions of jobs and create a new underclass. While figures like Elon Musk champion universal high‑income checks and Sam Altman tout superintelligence benefits, labor leaders and economists warn that the promised productivity gains may mask a looming employment crisis. Tech Titans Promote AI Utopia Amid Rising Job AnxietyIn recent weeks, Elon Musk has used his X platform to claim that AI‑driven productivity will eliminate inflation and render retirement savings obsolete, suggesting the federal government could issue "Universal HIGH INCOME" checks to displaced workers. Simultaneously, OpenAI released a report highlighting AI’s potential to accelerate scientific breakthroughs and lower consumer costs. Peter Thiel downplayed concerns, calling AI a "nothing‑burger" compared to the risk of societal stagnation if development stalls. These messages aim to calm public sentiment while the tech elite stand to profit from the AI boom. Projected Job Losses and Economic ImplicationsAnthropic CEO Dario Amodei warned AI could eliminate 50% of entry‑level white‑collar jobs within one to five years, potentially raising the unemployment rate to 20%.Microsoft AI chief Mustafa Suleyman predicted that most white‑collar work could be fully automated in the next 12‑18 months.A Fox News poll found that nearly one‑third of Americans fear AI‑driven job loss within five years.Current U.S. unemployment benefits are low (e.g., Mississippi’s maximum $235/week, Florida’s $275/week), highlighting the inadequacy of existing safety nets. Policy Vacuum and the Risk of an AI‑Driven UnderclassThe article stresses that without decisive legislative action, AI could be used to surveil and pressure workers, exacerbate economic inequality, and cement a new low‑wage underclass. While the Trump administration has downplayed job concerns, progressive lawmakers such as Senator Bernie Sanders and Rep. Alexandria Ocasio‑Cortez call for a moratorium on new data centers and robust safeguards. Proposed measures include universal health insurance, wage insurance, a modern Works Progress Administration, expanded job‑training programs, a 32‑hour workweek with full pay, and universal basic capital. What the Next Five Years Could Hold for American WorkersIf AI adoption proceeds unchecked, the United States may face rapid, large‑scale layoffs, heightened inequality, and weakened labor bargaining power. Conversely, implementing the outlined policy interventions could mitigate displacement, distribute productivity gains, and preserve social stability. The article urges a grassroots movement to pressure Congress into enacting these protections before AI reshapes the labor market beyond the reach of market forces.

Executive Summary: UEFA’s Stance on New Red‑Card SanctionsUEFA announced it will not implement FIFA’s automatic red‑card rule for mouth‑covering gestures and walk‑offs in its men’s and women’s Champions League and other club tournaments. The regulation will therefore be limited to the 2026 World Cup, creating a split between international and club football.UEFA Rejects Automatic Red Card Rule for Mouth‑Covering and Walk‑OffsThe International Football Association Board (IFAB) approved the new sanctions last month after pressure from FIFA. The rule mandates a straight red card for any player who covers their mouth while confronting an opponent or leaves the field in protest. While FIFA will enforce it at the World Cup starting 1 June 2026, UEFA’s executive committee voted to keep its club competitions exempt.Regulation Timeline and Disciplinary StatsMarch 2026: IFAB ratifies the mouth‑covering and walk‑off red‑card rule.1 June 2026: Rule becomes active for World Cup matches.February 2026: Vinícius Júnior accuses Gianluca Prestianni of racist abuse while covering his mouth; Prestianni receives a six‑match ban (three suspended) from UEFA.January 2026: Senegal players walk off the pitch during the Africa Cup of Nations final, prompting calls for stricter protest penalties.Implications for Club Competitions and Domestic LeaguesBy not adopting the rule, UEFA leaves the decision to national leagues. The Premier League and other domestic bodies will announce their stance after upcoming club AGMs. This divergence may lead to inconsistent disciplinary standards across competitions, potentially confusing players, coaches, and fans.Potential Future Alignment Between FIFA and UEFAUEFA’s referees committee will monitor the World Cup’s implementation and report back before next season’s regulatory meeting in Leipzig. If the rule proves effective, UEFA could reconsider adoption for its club tournaments, but for now the split remains, highlighting the ongoing tension between global and continental governing bodies.

The Historic Double-Double PerformanceVictor Wembanyama delivered one of the most remarkable individual performances in NBA playoff history, scoring 41 points and grabbing 24 rebounds to lead the San Antonio Spurs to a thrilling 122-115 double-overtime victory over the Oklahoma City Thunder in Game 1 of the Western Conference finals. At just 22 years and 134 days old, Wembanyama became the youngest player in NBA history to achieve at least 40 points and 20 rebounds in a playoff game, silencing the Thunder crowd and establishing himself as the centerpiece of this series.Game-Changing MomentsThe French superstar sealed the victory with a pair of dunks in the final minute, including one that resulted in a three-point play. However, it was his clutch three-pointer from well beyond the arc in the first overtime that truly shifted momentum, tying the game and forcing a second overtime period. Without that shot, there likely would not have been a second overtime. The Spurs dominated the boards, outrebounding the Thunder 61-40, and Wembanyama altered countless other shots while blocking three official rejections.Thunder's Streak SnappedThe defeat ended Oklahoma City's nine-game playoff winning streak that dated back to Game 7 of last season's NBA finals. Despite the loss, Thunder players showed resilience, with Alex Caruso scoring 31 points off the bench – the second-highest scoring game of his career. Jalen Williams returned from a six-game absence due to a hamstring strain and contributed 26 points, while reigning MVP Shai Gilgeous-Alexander managed 24 points and 12 assists despite shooting just 7 for 23 from the field.Spurs' Supporting Cast Steps UpWhile Wembanyama dominated the headlines, his teammates provided crucial support. Dylan Harper finished with 24 points and a team playoff-record seven steals, while Stephon Castle added 17 points. Devin Vassell and Keldon Johnson each scored 13 points, and Julian Champagnie contributed 11 points. The Spurs were missing De'Aaron Fox due to ankle stiffness, but the remaining players stepped up in his absence to secure the road victory.What's Next in the SeriesGame 2 is scheduled for Wednesday at Oklahoma City, with the Thunder looking to even the series on their home court. The Spurs have now beaten the Thunder five times in six meetings this season, establishing clear dominance in the matchup. Wembanyama's performance has set an extremely high bar for the remainder of the series, with both teams knowing they'll need to bring their best to advance to the NBA Finals.

The Dystopian Vision of 2028 Los AngelesBrimming with indelible images, Charlotte Zhang's brilliant debut locates the roots of a dystopian future in the here and now. Set around the 2028 Summer Olympics, the film imagines a Los Angeles gripped by paranoia and conspiracies; and a livestock disease has led to a ban on all meat production, leaving the main source of protein distribution – powdered insects – in the control of a megacorporation called Ootheca Inc. Ironically enough, a cockroach infestation has taken over several local neighbourhoods, making Ootheca's monopolising greed even more insidious.A Human Story of Survival Amid Corporate ControlAll of this might sound pretty out there, yet the heart of Tycoon is a deeply human story of survival. Both hustlers up for any challenge, Lito (Miguel Padilla-Juarez) and Jay (Jon Lawrence Reyes) take advantage of the widespread chaos to embark on a series of petty crimes, including breaking into an Ootheca trailer to steal boxes of the precious protein powder. Their escapades are dynamically rendered on a variety of formats including handheld DV camera and Super 8, as well as Xerox art. But compared to other film-makers who favour this DIY style, Zhang is beautifully attentive to blocking and composition. Scenes of house parties, twilight rides against the setting sun, or high-rev street drifting harmonise into a stunning city symphony, in which a visual rhythm gradually emerges from disorder.Political Implications in a Corporate-Dominated WorldBeneath the seemingly casual tone of the visuals, there are also serious political implications. As Latino men living in a time of state-sanctioned racial violence, Lito and Jay are enfolded in economic precarity and constant surveillance. That they choose to game the system rather than waiting to be squashed by it – like Ootheca's crushed insects – is wonderfully empowering. Zhang occasionally makes explicit these political allusions by way of text intertitles, which sometimes feel a little awkward; still, when is a better time to deliver a manifesto than in one's first film?Where to Experience This Visionary DebutTycoon is at the ICA, London from 22 May.