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The ongoing conflict in Iran has led to a significant increase in oil prices, with the world's top 100 oil and gas companies reaping enormous profits. In the first month of the war, these companies banked more than $30m every hour in unearned profit, according to exclusive analysis for the Guardian. This translates to estimated windfall profits of $23bn for the month of March, with Saudi Aramco, Gazprom, and ExxonMobil among the biggest beneficiaries.The surge in oil prices to an average of $100 (£74) a barrel has resulted in a substantial increase in profits for these companies. If the oil price continues to average $100, the companies are expected to make $234bn by the end of the year. The analysis uses data from a leading intelligence provider, Rystad Energy, analysed by Global Witness.The excess profits come from the pockets of ordinary people as they pay high prices to fill up their vehicles and power their homes, as well as from businesses incurring higher energy bills. Dozens of countries have cut fuel taxes to help struggling consumers, but this has resulted in reduced revenue for public services.Pressure is growing for windfall taxes on the war profits of oil and gas companies, with the European Commission considering a request from the finance ministers of Germany, Spain, Italy, Portugal, and Austria. The ministers argue that this would help ease the burden on the general public and finance temporary relief measures.Aramco is expected to make a war profit of $25.5bn in 2026 if the oil price averages $100. This is on top of the huge profits habitually made by the majority state-owned Saudi company – $250m a day between 2016 to 2023. ExxonMobil, which has a long record of denying climate change, will take in $11bn in unearned war profits in 2026 if the $100 price endures.The impact of the Iran war is likely to be long lasting, with the head of the International Energy Agency, Fatih Birol, describing it as the biggest shock ever to the global energy market. The UN's climate chief, Simon Stiell, warned that fossil fuel dependency is ripping away national security and sovereignty, and replacing it with subservience and rising costs.

Cuba is on the brink of transforming its energy landscape with a bold plan to invest $8bn in renewable energy, which could reduce its reliance on fossil fuels and pave the way for energy independence from the US. The proposal, put forth by the Common Wealth thinktank's Transition Security Project (TSP), suggests that this investment could cover 93.4% of Cuba's electricity generation needs.The US has imposed a crippling energy blockade on Cuba, severely limiting the island nation's access to oil. Since January, Cuba has received only one shipment of oil, from Russia, and its national electric grid has collapsed, leading to repeated blackouts and widespread disruptions.The TSP analysis outlines four different scenarios for Cuba's transition to renewable energy, with costs ranging from $5bn to $19.2bn. The most ambitious proposal would see three-quarters of electricity generation provided by solar power, with wind, hydropower, and bioenergy making up the remainder.The report argues that electricity costs would decrease in every renewable investment scenario, with the cost per unit of energy falling from 14.3¢ per kWh in the baseline scenario to 6.5¢ with $8bn of investment. The transition would require a society-wide transformation, but Cuba has demonstrated its ability to adapt in the past, such as its rapid shift to agroecology and self-sufficiency in the 1990s.The question remains: who would pay for this transition? The report suggests that financing should be understood as "reparative climate finance", with Cubans able to pay back investments through savings on cheaper energy. The transformation would not only benefit Cuba but also set an important example of a rapid energy transition under conditions of external constraint.

Lidl and Iceland Foods have become the inaugural retailers to see their advertisements prohibited under the United Kingdom’s newly‑introduced junk‑food advertising rules, the Advertising Standards Authority (ASA) confirmed on Wednesday.The ASA has been overseeing the ban that bars television ads for high‑fat, salt and sugar (HFSS) items before 9 p.m. and prohibits any online promotion of such products at any hour, a regime that took effect on 5 January 2026.In Lidl’s case, the ASA found that an Instagram post created by popular influencer Emma Kearney ("Baby Emzo") for Lidl Northern Ireland showcased a tray of pain suisse – a French pastry filled with vanilla cream and chocolate chips. A complainant argued the product was “less healthy” and breached the HFSS criteria. Lidl defended the content as a “brand‑led” advertisement, noting that the new rules allow brand promotion provided no identifiable junk‑food item appears, but the ASA concluded the post did indeed highlight a prohibited product.For Iceland, the breach involved a digital display and banner ad on the Daily Mail website promoting confectionery such as Swizzels Sweet Treats, Chupa Chups Laces, Choose Disco Stix and Haribo Elf Surprises. These sweets fail the nutrient‑profiling model used to classify HFSS foods, meaning they cannot be advertised under the current legislation.The HFSS framework classifies foods high in fat, salt or sugar as “less healthy” and bars their promotion across broadcast and digital channels. This move is part of the UK government’s broader strategy to curb rising childhood obesity rates by limiting children’s exposure to unhealthy food marketing.Iceland acknowledged that, while it requests nutrient‑profile data from all suppliers, there are “gaps” in the information received. To address this, the retailer has contracted a data‑service provider to compile monthly nutritional data for every product on its website, aiming to flag any items that fall under the HFSS definition before they appear in advertising.After reviewing the complaints, the ASA upheld the objections and ordered both supermarkets to ensure future digital marketing does not feature products that violate the junk‑food ad rules. The rulings signal a stricter regulatory environment for retailers and advertisers, urging a shift toward healthier product promotion and more robust data‑management practices.

In a move that has sparked widespread criticism, the Canadian government is pressing ahead with planned cuts to the Interim Federal Health Program (IFHP), which provides basic health coverage to refugees, asylum claimants, and others not covered by other healthcare programmes in Canada. The changes, announced in late January and set to come into effect on May 1, will require people receiving IFHP coverage to pay $4 per eligible prescription medication and 30 percent of the cost of supplemental services such as dental and vision care, and counselling.Critics argue that these co-payments can be prohibitively expensive for newcomers struggling to rebuild their lives in Canada amid soaring costs. Doctors and refugee rights advocates warn that the cuts could lead to increased suffering and expenditures in the long run, as vulnerable individuals may be deterred from seeking necessary care.“We want to make sure that we have a universal healthcare system, and we also don’t want a system that punches down against vulnerable people and migrants,” Dr. Ritika Goel, a Toronto-based family doctor, told Al Jazeera at a rally in downtown Toronto. “We want to support a system that provides care to everyone.”The Canadian government claims that the changes will help manage growing demand and keep the IFHP sustainable over the long term. However, the Office of the Parliamentary Budget Officer projects that the cost of the IFHP will continue to grow at an average of 11.2 percent annually through 2030.The cuts have drawn comparisons to a similar move in 2012, when then-Prime Minister Stephen Harper made cuts to the IFHP, prompting widespread protests and a legal challenge. In 2014, the Federal Court of Canada ruled that the curbs amounted to “cruel and unusual” treatment and violated the Canadian Charter of Rights and Freedoms.

Italy has suspended the automatic renewal of its defence agreement with Israel, Prime Minister Giorgia Meloni said on Tuesday in Verona. The pact, originally approved in 2006 and set to renew every five years, encompasses joint development of military equipment, technology research, training of personnel and information‑technology cooperation. Meloni explained that the decision reflects “the current situation,” referring to a recent episode in which Israeli forces allegedly fired warning shots at an Italian peacekeeping convoy in Lebanon, damaging a vehicle but causing no injuries. In response, Italy summoned the Israeli ambassador to protest the incident, while Israel later called Italy’s ambassador after Foreign Minister Antonio Tajani, also deputy prime minister, condemned the “unacceptable attacks” on Lebanese civilians. Tajani was in Beirut for talks with Lebanese President Joseph Aoun and Foreign Minister Youssef Raggi, and posted on X that he was conveying Italy’s solidarity with Lebanon. Until now, Meloni’s right‑wing government has been one of Israel’s closest allies in Europe. The suspension marks a notable shift in the relationship, although the Israeli government has not issued an immediate reaction. The defence accord, which automatically renews every five years, includes cooperation across defence industries, education and training of military personnel, research and development, and information‑technology initiatives.

On Tuesday, shipping data from LSEG and Kpler confirmed that at least three tankers entered the Gulf via the Strait of Hormuz, including the Panama‑flagged Peace Gulf, which is bound for Hamriyah port in the United Arab Emirates. Earlier that day, two U.S.–sanctioned vessels, the Rich Starry and the Elpis, also transited the waterway. Because none of these ships were destined for Iranian ports, they remain exempt from the U.S. blockade that began on Monday. The U.S. Central Command (CENTCOM) announced that, as of 10 a.m. ET (14:00 GMT) on Monday, a naval blockade was in effect against all maritime traffic to and from Iranian ports, in line with the presidential order issued by former President Trump. The directive applies to "vessels of all nations" operating in Iranian coastal waters, including the Arabian Gulf and the Gulf of Oman. Tehran has warned of possible retaliation against ports in neighboring Gulf states. In response to the blockade, the Islamic Revolutionary Guard Corps (IRGC) ordered every ship to follow a newly‑drawn navigation map that forces vessels to enter the strait north of Larak Island and exit south of it, citing the risk of anti‑ship mines in the former main traffic zone. Before the conflict, the strait functioned like a divided highway with two dedicated lanes—each about 3.2 km long—carrying roughly one‑fifth of the world’s oil and gas shipments. The IRGC now classifies the original lanes as "restricted" and has effectively closed them. Ship traffic has collapsed by **more than 95 %** since the war began. Kpler’s tracking data shows that only **279 vessels** passed through the strait between Feb. 28 and Apr. 12, a stark contrast to the pre‑war average of around **100 ships per day**. Even after a cease‑fire took effect on Apr. 8, a mere **45 ships** have entered or exited the waterway. The disruption has left hundreds of tankers and other vessels stranded in the Gulf, slashing global oil and gas supplies by an estimated **20 %**—the largest fuel‑supply shock on record. Damage to Gulf energy infrastructure and the sharp reduction in shipments have pushed crude prices up by roughly **50 %**, with Asian importers bearing the brunt of the price spike. According to the same Kpler data, **22 ships** have been attacked in the Strait of Hormuz since the conflict started. The incidents are distributed as follows: eight in United Arab Emirates waters, six in Omani waters, two each in Iraqi and Qatari waters, and one each in Bahraini, Kuwaiti, Saudi and Iranian waters. These figures underscore the strategic vulnerability of the world’s most critical energy chokepoint and highlight how the combined effect of the U.S. naval blockade and Iran’s alternate routing has reshaped global shipping patterns and commodity markets.

Ghana has named Portuguese veteran Carlos Queiroz as head coach of the men’s national team, a move made less than two months before the kickoff of the 2026 FIFA World Cup.The Ghana Football Association (GFA) announced that Queiroz will assume immediate responsibility for the squad’s tournament preparations, working alongside key stakeholders to finalize the roster.“The Executive Council of the Ghana Football Association, working with all key stakeholders, has appointed Carlos Queiroz as head coach of the senior national team, the Black Stars,” the GFA said in an official statement.At 73, Queiroz recently departed his role as Oman’s manager after the side failed to qualify for the World Cup, but his appointment marks his fifth consecutive World Cup appearance, this time guiding Ghana.Ghana found itself without a coach 72 days before the tournament after parting ways with Otto Addo following friendly defeats to Austria and Germany in March.Queiroz’s World Cup résumé includes leading Portugal to the round of 16 in 2010 and steering Iran through three editions, recording three wins in 13 matches.Born in Mozambique, the former goalkeeper has also managed Egypt, Japan, Colombia and South Africa, and previously helmed Portugal in the early 1990s.“This is not just another job – it is a mission,” Queiroz said. “I am ready to give everything of my experience and knowledge once again, in service of the game and the happiness of people.”He was chosen from more than 600 local and foreign applications because of his extensive World Cup experience.Ghana have been drawn into Group L alongside Croatia, England and Panama.The Black Stars will fine‑tune their tactics in warm‑up matches against Mexico on May 22 and Wales on June 2.

Barcelona's young star Lamine Yamal is drawing inspiration from two sports icons as he attempts to lead his team to a remarkable comeback in the Champions League quarterfinals. Yamal, just 18 years old, changed his Instagram profile picture to a photo of LeBron James holding the NBA trophy after the Cleveland Cavaliers' historic comeback against the Golden State Warriors in 2016. The Cavaliers trailed 3-1 in the series before winning the title, a feat Yamal hopes to replicate with Barcelona against Atletico Madrid.“He’s one of the figures who can inspire me for this match,” Yamal said during a news conference. “I’ll think about how he did it, and hopefully it works out the same for me.”Yamal also spoke highly of his idol, Neymar, who led Barcelona to a stunning 6-1 victory over Paris Saint-Germain in the 2017 Champions League, coming back from a 4-0 deficit in the first leg. “I’ve watched [the 6-1 match] several times, and I watched it live as well,” Yamal said. “Neymar is a player who was very important for me during my childhood. He’s my idol, and I’ll always be grateful to him for everything he’s given to football.”Barcelona coach Hansi Flick expressed confidence in his team's ability to pull off the comeback, stating, “I believe in my team, and I think we can do it. It’s possible.”The match against Atletico Madrid is crucial, with the winner advancing to face either Arsenal or Sporting Lisbon in the semifinals.

Celebrating two decades since its West End debut, Avenue Q is back at London’s Shaftesbury Theatre until 29 August, offering a refreshed version of the Broadway‑to‑London hit that originally won Tonys for Best Musical, Book and Score.The revival, billed as a “love letter to the original”, is helmed once again by Jason Moore – the director who first staged the show in 2006. At 55, Moore admits that returning to a work he originally conceived is unusual, but he sees the anniversary as an opportunity to upgrade the show’s scale, technical ambition and cultural sensitivity.Created by composers Robert Lopez and Jeff Marx with book by Jeff Whitty, the musical blends colourful Sesame‑Street‑style puppets with adult themes such as sex, racism, housing crises and existential angst. While the core story remains, the production team has added contextual notes to jokes that might puzzle Gen‑Z audiences – for example, the reference to 1980s sitcom star Gary Coleman is retained but clarified for modern viewers.Moore’s casting criteria emphasise a youthful “innocence” and a strong aptitude for puppeteering. As actor Emily Benjamin explains, performing through a puppet is an “ego death” that forces the performer to shift focus from self to the character, reducing vocal anxiety and deepening emotional honesty.Behind the scenes, puppet director Iestyn Evans coordinates a complex choreography where human actors operate hand‑and‑rod puppets in full view, interacting simultaneously with fellow performers. This layered performance style demands precise timing, especially when tackling songs like “Everyone’s a Little Bit Racist” and “If You Were Gay”, which have sparked whole‑company discussions about their relevance and sensitivity today.Moore acknowledges that the show’s transgressive edge – famously illustrated by “naked puppets having sex” – still feels bold, even as contemporary West End productions such as Oh, Mary! and The Book of Mormon have pushed similar boundaries. He argues that the musical’s core questions – “how do you give your life meaning?” – remain timeless, and that the updated production aims to engage a new generation of audiences.As Benjamin puts it, “they might just be little cloth things, but people can often empathise with something that isn’t real more directly than with a human being telling the same story.” The revival therefore hopes to prove that puppetry can still provoke, entertain and resonate in today’s cultural climate.