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Oil markets experienced a dramatic correction on Wednesday, with Brent crude falling 13.9% to $94.10 per barrel and U.S. WTI futures sliding almost 16% to $95, marking the steepest daily percentage drop since the COVID‑19 crash of April 2020. Despite the plunge, prices remain well above pre‑conflict levels, when Brent traded below $73.The price shock followed President Donald Trump's announcement of a two‑week, conditional ceasefire with Iran, contingent on Tehran reopening the strategic Strait of Hormuz for oil tankers. Iran’s foreign minister, Abbas Araghchi, confirmed the strait would be managed by the Iranian military during the grace period, while Iran’s national security council accepted the ceasefire on the condition that U.S. attacks be halted.Equity markets reacted positively. The pan‑European Stoxx 600 surged 4%, its biggest one‑day gain in over four years. In the UK, the FTSE 100 climbed nearly 3% to 10,646 points, its highest level since the early days of the Iran war. Travel and leisure stocks led the rally, with Air France up 14.5%, Lufthansa +11%, IAG +9.5% and TUI +12%.Oil majors were the notable laggards; BP and Shell each lost more than 5% as investors priced in continued supply uncertainty. Asian markets also posted strong gains: Japan’s Nikkei 225 rose over 5%, Australia’s S&P;/ASX 200 jumped 2.55%, South Korea’s Kospi surged 7.5%, Hong Kong’s Hang Seng added 3.1% and China’s CSI300 climbed 3.2%.Bond yields eased on the ceasefire news. The U.S. 10‑year Treasury yield fell to 4.24% from 4.30%, while the UK 10‑year gilt slipped to 4.7% from 4.9%.Safe‑haven assets rallied as well: gold rose more than 2% to $4,812 per ounce, and cryptocurrencies recovered, with Bitcoin up 2.9% to $71,327 and Ether gaining 5.6% to $2,234.Market strategists emphasized the provisional nature of the relief. Jim Reid, Deutsche Bank markets strategist, warned that “investors will be breathing a big sigh of relief, but the durability of the ceasefire remains the key risk.” He noted ongoing Israeli‑Iran strikes and unclear extensions to Lebanon could reignite volatility.Energy analyst Saul Kavonic (MST Financial) described the pause as “an off‑ramp for Trump’s bombastic ultimatum, but not yet an off‑ramp for oil markets or the war.” He expects a limited release of tankers from Hormuz in May, which would ease storage pressure without boosting production.Capital Economics chief economist Neil Shearing highlighted potential transit fees for Hormuz passage, estimating a $1‑2 million charge per tanker—equivalent to roughly $1 per barrel—would have a modest effect on global oil prices but could signal a de‑facto partial nationalisation of the route.TD Securities senior strategist Prashant Newnaha cautioned that “renewed escalation cannot be ruled out, but markets are treating this ceasefire as the real deal, and all parties will sell it as a major win.” He added that oil prices are unlikely to revert to pre‑war levels, keeping inflationary pressures alive.Earlier in the week, U.S. equities swung sharply, with the S&P; 500 dipping 1.2% before rebounding after Pakistan’s prime minister urged Trump to extend the deadline and keep the strait open.The conflict, which began after the U.S. and Israel struck Iranian targets in late February, has choked the Strait of Hormuz—through which about 20% of global oil and LNG supplies flow—fueling a worldwide energy crunch.

Arsenal bounced back from their recent domestic struggles to secure a vital 1-0 win against Sporting Lisbon in the Champions League quarterfinals. Kai Havertz scored the decisive goal in stoppage time, capitalizing on a superb pass from Gabriel Martinelli to beat the offside trap and slot past Sporting goalkeeper Rui Silva.The Gunners arrived at the Jose Alvalade Stadium reeling from successive defeats to Manchester City in the League Cup final and Southampton in the FA Cup quarterfinals. Despite a lackluster performance, Arsenal's resilience and Havertz's clinical finish earned them a crucial victory.Mikel Arteta's side will be favorites to advance to the semifinals in the second leg at home on April 15. However, they will need to significantly improve their form to win the tournament for the first time. Arsenal's Premier League title hopes remain strong, with the team sitting nine points clear of second-placed Manchester City.Sporting Lisbon, seeking their first Champions League semifinal spot since 1983, were unable to capitalize on their 17-game home winning streak. The hosts created several chances, including a fierce strike from Maxi Araujo that David Raya tipped onto the crossbar and a low drive from Geny Catamo that Raya smothered.Arsenal's injury-hit squad was still without several key players, including Jurrien Timber and Bukayo Saka. However, the team's depth and Arteta's tactical acumen ultimately paid off, as they secured a hard-fought win in Lisbon.

Iranians have formed human chains across bridges and at power plants, showcasing a display of unity and solidarity. The demonstrations highlight the population's ability to organize and express their collective presence at critical infrastructure points.

Bangladesh has taken a significant step in its cricket governance by dissolving its cricket board, citing gross irregularities in the 2025 election. The move has led to the appointment of an interim leadership, headed by former captain Tamim Iqbal, who at 39 becomes the youngest head of Bangladesh cricket.The decision comes after a committee under the National Sports Council found significant irregularities in the Bangladesh Cricket Board (BCB) election held in October 2025, which was won by former national captain Aminul Islam Bulbul. The committee's findings led to the dissolution of the BCB committee, with a letter sent to the International Cricket Council confirming the decision.Tamim Iqbal, who has scored more than 15,000 runs for Bangladesh in a 15-year career, will lead an 11-member ad hoc committee. The committee is required to hold elections within three months. This development occurs as Bangladesh is set to host New Zealand in a tour featuring three one-day internationals, three ‌T20s ‌and two Tests starting on April 17.The changes in Bangladesh cricket's governance come at a time when the sport is playing a crucial role in rebuilding relations with neighboring India. The decision to dissolve the board and appoint a new interim leadership is seen as a move to rebuild trust and ensure the smooth functioning of cricket in the country.

Who: FC Barcelona vs. Atletico MadridWhat: UEFA Champions League quarter‑final, first legWhere: Camp Nou, Barcelona, SpainWhen: Wednesday, 21:00 CET (19:00 GMT)How to follow: Live text commentary starts at 16:00 GMT on Al Jazeera Sport. The Spanish giants are set to clash again after a grueling schedule that has seen them meet five times in just two months, including three matches within a ten‑day span. Barcelona entered the encounter fresh from a dramatic 2‑1 victory over Atletico in La Liga on Saturday, a win that pushed them seven points clear at the top of the table. Robert Lewandowski netted a late winner after Marcus Rashford had equalised, while Atletico midfielder Nico González received a second yellow card just before halftime, leaving the visitors with ten men. With the league title largely secured, Diego Simeone opted to rotate his squad for Wednesday’s match, focusing his energy on the European tie. Barcelona coach Hansi Flick echoed the sentiment, noting that players typically give “5‑10 % more” in Champions League fixtures. Both managers highlighted the importance of the upcoming game. Flick described the fixture as “very difficult” and urged his side to take it “step by step, match by match.” Midfielder Dani Olmo called the tie “all or nothing,” stressing the need to avoid a repeat of their recent Copa del Rey disappointment. Simeone praised Barcelona as “the best attacking team in Europe,” while Atletico forward Ademola Lookman warned that the clash would be “special” and demanded thorough preparation. How the clubs reached the quarter‑finals Barcelona earned their spot with a commanding 7‑2 aggregate win over Newcastle United, highlighted by a fourth‑minute strike from Raphinha and a second‑half surge that saw Lewandowski score a brace. Atletico advanced after a 7‑5 aggregate triumph over Tottenham Hotspur, despite a 3‑2 loss in the second leg. Their early dominance in the first leg, a 5‑2 home win, set the foundation for progression. Head‑to‑head snapshot Across 250 meetings, Barcelona have claimed 115 victories, Atletico 78, with 57 draws. The most recent ten encounters feature a mix of league and cup results, the latest being Barcelona’s 2‑1 La Liga win on Saturday. Team news and predicted line‑ups Barcelona injuries: Raphinha, Marc Bernal, Frenkie de Jong and Andreas Christensen are sidelined. Ronald Araujo is expected to start after missing the weekend match. Predicted XI: Joan Garcia; Koundé, Cubarsi, Martín, Cancelo; Eric Garcia, Pedri; Yamal, Fermin, Rashford; Lewandowski. Atletico injuries: Pablo Barrios out with a thigh problem; José Giménez and Johnny Cardoso are doubtful. Jan Oblak, Marc Pubil and Rodrigo Mendoza have returned to training and could feature. Predicted XI: Jan Oblak; Llorente, Le Normand, Hancko, Ruggeri; Koke, Baena; Simeone, Griezmann, Lookman; Álvarez. The stage is set for a high‑stakes European duel, with both sides eager to translate domestic form into continental success.

As the deadline set by US President Donald Trump for Iran to reopen the Strait of Hormuz approaches, Iranians are bracing for a potential catastrophe. With over 90 million people facing uncertainty, daily life in Iran could drastically change by Wednesday.Trump has issued ominous warnings, stating that if Iran does not comply, its electricity, bridges, and other critical infrastructure will be targeted, despite this violating international law. Such actions could lead to the destruction of a whole civilisation, as Trump previously mentioned.In the hours leading up to the 8pm US Eastern Time (23:00 GMT) deadline, residents of Tehran express their fears. A Tehran resident noted, “We all know he’s crazy enough to do it. He doesn’t care as long as he believes it serves his interest.” This sentiment reflects the anxiety gripping the nation as the threat of an attack looms.Preparations for potential blackouts and shortages are underway. Iranians are charging phones and power banks, using household appliances, and stocking up on essentials like bread, flour, and bottled water. The price of bottled water has surged due to chronic inflation and the ongoing conflict.The impact on vulnerable populations, including the sick and disabled, could be severe. Long-lasting power cuts would hinder access to essential medicines and medical equipment, exacerbating the crisis.Market prices for electrical devices and generators have skyrocketed, with many struggling to afford these necessities. A resident from the northern province of Gilan shared that he purchased a generator to power essential items, spending nearly all his earnings.Despite the threats, there is some optimism about Iran’s decentralised power distribution system potentially mitigating damage. The Ministry of Energy assured the public that they are prepared for worst-case scenarios and urged calm.The Islamic Revolutionary Guard Corps (IRGC) announced readiness to expand its target list and attack critical infrastructure in neighbouring countries if the threatened attacks proceed. Iranian politicians, including former President Hassan Rouhani, have condemned Trump’s statements, highlighting Iran’s resilience and cultural heritage.As the situation unfolds, protests and demonstrations are taking place across the country. State-backed motorcades are roaming the streets of Tehran, playing revolutionary songs, while armed checkpoints maintain control over highways and public spaces.

U.S. Vice President JD Vance touched down in Budapest on Tuesday for a two‑day series of bilateral meetings, a move the White House billed as a show of support for Prime Minister Viktor Orban ahead of Hungary’s April 12 parliamentary election. Orban’s Fidesz Party faces its toughest test in more than a decade, with recent polls indicating the opposition enjoys an 8‑12 percentage‑point advantage, and some surveys showing a lead as high as 20 points. Princeton sociologist Kim Lane Scheppele warned that Vance’s visit, while symbolically important, is unlikely to significantly alter the electoral math. “One visit by a relatively low‑profile American vice president is not going to change that,” she said. Nevertheless, the trip underscores the close ties between the Trump administration and Orban. Former President Donald Trump endorsed Orban in February, and Secretary of State Marco Rubio visited Hungary that same month, signaling U.S. backing for the right‑wing leader. Orban’s 16‑year rule has been marked by the erosion of judicial independence and media freedom, reforms that critics argue tilt the electoral system in Fidesz’s favour. Yet the opposition, led by 45‑year‑old former Fidesz insider Peter Magyar of the Tisza Party, is rallying around anti‑corruption and economic grievances. Magyar’s campaign promises a more constructive relationship with the European Union, hoping to restore billions of euros in funding suspended in 2022 over democratic backsliding. He positions himself as centre‑right, sharing many of Orban’s policy stances but rejecting the incumbent’s alleged corruption. “Magyar is centre‑right; he’s basically a believer in much of what Orban has done, minus the corruption,” Scheppele noted, adding that his eurosceptic leanings could still facilitate the return of EU money. The Hungarian‑U.S. connection extends beyond politics to financial incentives. Scheppele highlighted that Trump has hinted—though not formally promised—a fiscal safety net for Orban if he wins, reminiscent of U.S. aid pledges made to right‑wing allies in Argentina’s 2025 elections. “If Vance makes that kind of announcement, it could be a real game‑changer,” she warned, suggesting that a concrete U.S. financial commitment could bolster Orban’s standing in the final days of the campaign. Orban’s appeal to the U.S. far right has been evident since Hungary hosted the Conservative Political Action Conference (CPAC) in 2024, where Trump lauded him as a defender of “Western civilisation.” The personal rapport between Orban’s political director and Vance—evident in a 2024 photo captioned ‘A Trump‑Vance administration sounds just right’—further cements this transatlantic alliance. As the election approaches, the key question remains whether symbolic diplomatic support or a tangible financial pledge will prove decisive in a race where domestic issues—corruption, social services, and economic stagnation— dominate voter concerns.

Vicky López, now 19 years, 8 months and 12 days old, has already etched her name in Barcelona’s history books, featuring in over 120 matches and netting 32 goals for the club.She joined Barcelona in July 2022 at just 16, making her first‑team debut under manager Jonatan Giráldez and instantly setting a series of age‑related records – the youngest player ever to appear at Camp Nou, in the Champions League and in an el clásico. The following campaign she became the club’s youngest scorer in that iconic derby.This season López has featured in 36 games, contributing 10 goals, a tally that already matches her previous year’s output. Barcelona need a maximum of three points from their remaining five Liga F fixtures to clinch a fourth league title – which would also be López’s 11th trophy with the club – while simultaneously preparing for a Champions League semi‑final against Bayern Munich.Despite being a senior figure, López admits younger teammates such as Clara Serrajordi and Aïcha Cámara often turn to her for guidance, though she defers more complex advice to veterans Alexia Putellas and Patri Guijarro.Putellas, the two‑time Ballon d’Or winner, praised López last summer, saying, “I see myself reflected in her – her passion, drive to win and endless ambition.”López’s rise is underscored by personal tragedy; her mother succumbed to a brain tumour in 2018 when López was 11. She honors her mother after every goal, pointing skyward, a ritual that mirrors Putellas’ own tribute to her late father.After a season with Madrid CFF, where she became Liga F’s youngest ever player, Barcelona secured López on a five‑year deal. She continues to dedicate each goal to her mother’s memory.In her debut campaign at Barcelona she logged 13 appearances and scored two goals. “I never imagined playing so many matches in my first year,” she recalled, thanking Giráldez for the trust he placed in her.Initially shy, López admitted, “I wasn’t fully myself in the first training sessions, but it was a dream to train with the world’s best.”She believes the blend of youthful exuberance and veteran experience is Barcelona’s greatest asset: “I bring joy, youth and playfulness,” she said, emphasizing the importance of a balanced squad.Often likened to male prodigy Lamine Yamal, López and Yamal both sport the number 19 and light up the wing with their creativity.On the international stage, López earned her first senior cap at 17 in the Nations League and featured in Spain’s 2025 European Championship final against England. The only time she missed a national‑team camp was in May 2024, when she sat her “selectividad” exams.Looking ahead, López acknowledges she will soon carry the mantle as Barcelona transitions away from legends like Putellas and Aitana Bonmatí. “I’m still working to become the player I aspire to be, but above all I enjoy playing football and spreading happiness to fans,” she affirmed.

The highly anticipated Champions League quarter-final match between Real Madrid and Bayern Munich is set to kick off at 8pm. This is their 29th meeting and 14th two-legged tie, both UEFA records, and all have taken place in the European Cup or Champions League.In eight of the previous 13 ties, the winner went all the way that season. However, it's noted that Bayern Munich are favorites, having finished second in the league phase, seven places ahead of Real Madrid, and are leading in the Bundesliga title.Real Madrid, on the other hand, lost to Mallorca at the weekend and are seven points behind Barcelona in La Liga. Despite this, form and logic often take a backseat when Real Madrid plays in the Champions League.Harry Kane, who was doubtful for the game, has been confirmed to start for Bayern Munich.The match promises to be an exciting contest between two giant teams, with anything possible.