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Oil prices have climbed higher amid fading hopes of deescalation in the Iran war following Tehran’s denial that talks with the United States are under way.Futures for Brent crude, the international benchmark, rose nearly 2 percent on Thursday to top $104 per barrel after Tehran dismissed reports of direct negotiations with US President Donald Trump’s administration.The rise comes after oil prices eased on Wednesday following reports that Trump had shared a 15-point plan for ending the war with Iran.Iranian Foreign Minister Abbas Araghchi said in an interview with state media aired on Wednesday that Tehran was not engaged in direct talks with Washington and has “no intention of negotiating for now”.White House Press Secretary Karoline Leavitt warned on Wednesday that Iran would be “hit harder” than ever before if Tehran did not accept military defeat.Iran’s effective closure of the Strait of Hormuz, a conduit for one-fifth of global oil supplies, and its attacks on energy facilities across the Middle East have prompted a surge in energy prices worldwide.Oil prices are up more than 40 percent compared with before the US and Israel launched strikes on Iran on February 28, prompting numerous countries to implement fuel rationing and other energy conservation measures.Market-watchers say prices are likely to rise further until shipping is free to traverse the strait, despite efforts by countries to bolster supply by tapping emergency stockpiles in coordination with the International Energy Agency.While Tehran has repeatedly claimed that the strait is open to ships that are not aligned with its enemies, daily transits have all but collapsed since the start of the conflict.Four vessels were tracked transiting the waterway via their automatic identification systems on Tuesday, down from an average of 120 daily transits before the conflict, according to maritime intelligence firm Windward.

Legendary musician Paul McCartney has unveiled his 18th solo album, titled The Boys of Dungeon Lane. The album's title is a nod to the route from Liverpool to the Speke shoreline, an area where McCartney spent his early childhood. Described as McCartney's most introspective album to date, The Boys of Dungeon Lane offers 'a collection of rare and revealing glimpses into memories never-before shared, along with some newly inspired love songs'. The musical styles on the album span McCartney's entire career, including 'Wings-style rock, Beatles-style harmonies, McCartney-style grooves, understated intimacy, melody-driven storytelling, character songs'. The lead single, Days We Left Behind, references Dungeon Lane and was debuted on BBC Radio Merseyside. McCartney, 83, shared that the song is 'very much a memory song for me', reflecting on his days in Liverpool and his friendship with John Lennon. The album was produced by Andrew Watt and features 14 tracks, including As You Lie There, Lost Horizon, and Ripples in a Pond. McCartney and Watt worked on the album between dates on McCartney's five-year global tour, in studios in Los Angeles and Sussex. The Boys of Dungeon Lane is credited solely to McCartney, following the style of his 1970 solo debut McCartney and its 1980 counterpart McCartney II. The album promises to offer listeners a glimpse into a world that existed before the Beatles, 'offering memories never previously shared and revealing, with extraordinary honesty, the human story behind a global icon'.

New York City's public hospital system has announced that it will not be renewing its contract with Palantir, a data analytics and AI firm, amid growing controversy over its government contracts in the UK. The decision comes as health officials in the UK express concerns over data privacy issues related to Palantir's £330m agreement with the National Health Service (NHS).The contract between NYC Health + Hospitals and Palantir, which focused on recovering money for insurance claims, was set to expire in October. According to documents shared with the Guardian, Palantir has paid nearly $4m to the hospital system since November 2023. The contract allowed Palantir to review patient health notes and help the hospital claim more money in public benefits through programs like Medicaid.Despite assurances from NYC Health + Hospitals that there was an 'absolute firewall' preventing Palantir from sharing information with US Immigration and Customs Enforcement (ICE), activists and data privacy experts have raised concerns over the potential risks of Palantir accessing de-identified patient data for purposes other than research.As New York City prepares to part ways with Palantir, the company is expanding its influence in the UK, despite backlash from activists and lawmakers. Palantir has contracts with the British government's Ministry of Defence and is seeking access to sensitive national financial regulation data through a contract with the Financial Conduct Authority.Medact, a health justice charity, has raised concerns that Palantir's software could enable 'data-driven state abuses of power', including US-style ICE raids. In response, Palantir has denied that its data could be used in this way, citing that it would be illegal and a breach of contract.The decision by NYC Health + Hospitals to drop Palantir has been hailed as a victory by activists, who are now calling on the NHS to follow suit and terminate its £330m contract with the company. The 'Purge Palantir' campaign, which involves nurses, pro-Palestinian activists, and social and climate justice groups, aims to stop Palantir from contracting with government agencies, universities, and corporations.

Retailer Next has reported a £1.16bn pre-tax profit for the full year, with the Middle East conflict expected to add only £15m to fuel and air freight costs. This amount, which assumes a three-month disruption, is considered minimal and can be offset by savings elsewhere.Chief Executive Simon Wolfson added £8m to this year's profit forecast as a mechanical read-through from last year's outcome, indicating that trading had been “encouraging” in the UK and “strong” overseas until late February.The main concern for Next is the potential long-term impact of the conflict on supply chain resilience, freight rates, factory gate prices, and consumer demand. Wolfson emphasized that the company has no insight into the duration and implications of the conflict, stating, “As yet, we have no feel for the medium-term effects”.If higher costs persist, Next may put up prices, but this remains “a contingency, not a plan”. The company will provide a clearer view in its first-quarter update in May.Wolfson also offered nuanced insights, suggesting that consumer confidence may not have collapsed as much as some, like the British Retail Consortium, have claimed. He noted that UK consumers tend to react to actual higher prices, not the threat of them.Additionally, Next's spring-summer ranges are already in stores, online, and warehouses, minimizing the immediate need for adjustments. Any increases in fabric costs or production disruptions in Asian factories would mostly affect autumn-winter ranges.The stock market responded positively, with Next's shares rising 5% to £125.40. This resilience could indicate potential for a profit upgrade in May if the £15m in extra costs turns out to be the worst of it.However, no retailer will be immune if the energy price shock persists and the OECD's prediction of UK economic growth of just 0.7% this year materializes.

The recent story of Julie Maughan, a grieving mother who lost her eight-year-old daughter Heather Preen due to exposure to polluted water, has left an indelible mark. The Channel 4 docudrama Dirty Business brings to light the struggles of campaigners and families fighting against privatised water companies and a system that often fails to protect them.In a poignant meeting, Julie Maughan's emotional testimony, marked by grief, dignity, and determination, underscored the human cost of water privatisation. Her story starkly contrasts with the detached world of statistics and policy debates, illustrating the moral failure of a system that prioritises profit over people's lives.Clive Lewis, Labour MP for Norwich South, argues that the water industry's model, which allows private companies to profit from a basic necessity while the public bears the risk, is fundamentally flawed. This has led to billions being paid to shareholders while investment falls short and pollution becomes routine.The article highlights the broader implications of water privatisation as a microcosm of a larger systemic problem. With millions of households facing another wave of pressure on their living standards due to an impending energy price surge, the question remains whether the current economic framework can adapt to address these challenges.Lewis emphasises that Labour must decide whether it stands with the electorate or the water companies, advocating for a fundamental reorientation of the economy that prioritises the public interest over profit. The story of Julie Maughan and her daughter Heather serves as a powerful reminder of the human cost of policy failures and the urgent need for change.

OpenAI has announced the shutdown of its social media app Sora, which allowed users to share short-form videos generated by artificial intelligence. The decision comes amid growing concerns over the potential for deepfakes and nonconsensual content.The app, launched in September, aimed to capture the attention and advertising dollars of short-form video platforms like TikTok and Instagram. However, advocacy groups, academics, and experts raised alarms about the dangers of AI-generated videos, leading to proliferation of realistic deepfakes and "AI slop".OpenAI was forced to crack down on AI creations of public figures, including Michael Jackson, Martin Luther King Jr, and Mister Rogers, doing outlandish things, after an outcry from family estates and an actors' union.The shutdown affects a $1 billion deal between OpenAI and Disney, which was announced three months ago. The deal included Disney investing $1 billion in OpenAI and lending over 200 of its iconic characters for use in short, AI-generated videos. However, the transaction never closed, and no money changed hands.Disney stated that it respects OpenAI's decision to exit the video generation business and shift priorities elsewhere. The abrupt cancellation of Sora illustrates the messy process of streamlining as OpenAI prepares for a potential stock market debut later this year.

In a powerful display of solidarity and a quest for peace, mothers from Israel and Palestine recently gathered for a barefoot walk. This event, marked by a simple yet profound act of walking barefoot, aimed to transcend the complexities and conflicts that have long divided these two nations. The walk, undertaken by mothers from both sides, is a poignant reminder of the universal values of motherhood — love, care, and the desire for a safe and secure future for their children. By choosing to walk barefoot, these women symbolically expressed their shared humanity and their collective yearning for peace. Such initiatives are crucial in fostering dialogue and understanding between communities in conflict. They highlight the role that ordinary people, particularly women, can play in bridging divides and advocating for peace. The barefoot walk serves as a testament to the power of grassroots movements in promoting peace and reconciliation. As the world continues to grapple with conflict and division, the actions of these Israeli and Palestinian mothers offer a beacon of hope. Their courageous stand for peace underscores the importance of people-to-people diplomacy and the need for continued efforts towards achieving lasting peace in the region.

Liverpool FC has officially announced that Mohamed Salah will depart the club at the end of the season. The news was shared in a statement released on Tuesday, with the club citing Salah's desire to be transparent with the supporters about his future.In a video message on his social media accounts, Salah expressed his gratitude to the club, city, and fans, highlighting the significant impact Liverpool has had on his life. He described Liverpool as more than just a football club, but a passion, history, and spirit.During his time at Liverpool, Salah has achieved immense success, helping the team secure two Premier League titles, the Champions League, FIFA Club World Cup, UEFA Super Cup, FA Cup, two League Cups, and an FA Community Shield. He has scored 255 goals in 435 appearances, making him the club's all-time third-highest goalscorer and winning the Premier League Golden Boot on four occasions.Salah joined Liverpool from AS Roma in 2017 and has since established himself as one of the best players in the club's history. His departure marks the end of an era for the Egyptian star, who has been an integral part of the team's success over the past few years.

Iran has assured that 'non-hostile' vessels can safely pass through the Strait of Hormuz, a vital shipping route for about one-fifth of the world's oil and liquified natural gas supplies. The assurance comes amid a significant collapse in maritime traffic through the strait, which has contributed to a major global energy crisis.In a statement released through its mission to the United Nations, Iran specified that ships would be allowed to transit the strait 'provided that they neither participate in nor support acts of aggression against Iran and fully comply with the declared safety and security regulations.'The development follows a sharp decline in shipping traffic through the strait, with only about 5 vessels passing through daily, compared to an average of 120 daily transits before the US-Israel conflict began. This reduction has led to a surge in global energy prices, with Brent crude experiencing significant fluctuations.Iran's statement also mentioned that ships will be allowed to transit 'in coordination with the competent Iranian authorities.' The country has shared similar assurances with the International Maritime Organization (IMO), the UN body responsible for international shipping safety and security.The move comes as US President Donald Trump mentioned ongoing negotiations to end the conflict with Iran, despite Tehran's previous denials of talks. The situation remains complex, with global markets closely watching for any signs of resolution.