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The ongoing war in Iran has ignited a fresh oil supply shock, sending crude prices soaring and rippling through economies worldwide. Analysts note that the conflict’s persistence is tightening global oil flows, prompting immediate spikes in gasoline, diesel, and jet fuel costs. Energy traders report that the heightened uncertainty has amplified market volatility, with benchmark crude benchmarks climbing to levels not seen in months. The price surge is pressuring both consumers and businesses, as higher fuel costs translate into increased transportation expenses and broader inflationary pressures. Governments and central banks are now monitoring the situation closely, aware that sustained higher oil prices could erode economic growth and strain household budgets, especially in regions heavily dependent on imported energy. While the full economic impact remains to be quantified, the consensus among experts is clear: the prolonged Iran war is reshaping the global energy landscape, underscoring the fragility of supply chains and the need for diversified energy strategies.

Russia has announced plans to send a second oil shipment to Cuba as the Caribbean nation continues to face significant challenges due to a crippling US blockade. The announcement was made by Russian Energy Minister Sergei Tsivilev, who stated that the cargo is currently being loaded and will soon be transported to Cuba. The development comes on the heels of a Russian tanker docking in Cuba's Matanzas oil terminal earlier this week, delivering approximately 700,000 barrels of crude oil. This shipment marked the first significant oil delivery to Cuba in nearly three months, and it was made possible by a waiver granted by the US administration for humanitarian reasons. Cuba has been facing weeks of blackouts, fuel rationing, and food shortages due to the US blockade, which was imposed by the Trump administration. The blockade has been described by Cuban officials as 'cruel' and has had a severe impact on the nation's economy and daily life. In response to the crisis, hundreds of people gathered in Havana to protest the US embargo, chanting slogans such as 'Yes to Cuba! No to the blockade!' The protests reflect the growing frustration among Cubans regarding the economic hardships caused by the blockade. Russian Deputy Prime Minister Oscar Perez-Oliva has stated that Havana and Moscow are working to achieve stability in fuel supplies and are making progress in talks aimed at increasing Russian companies' participation in oil exploration and production in Cuba. US President Donald Trump has commented on the issue, stating that he has 'no problem' with Russia sending oil to Cuba, while also expressing his views on Cuba's political situation.

At the Oxford Brookes Headington campus, a group of over 100 students are working tirelessly to build the fastest and best-designed race car possible for this year’s Formula Student competition.The Oxford Brookes Racing (OBR) team, the UK’s most prestigious Formula Student team, has won more design awards than any other UK university and frequently secures top spots in the international race held annually at Silverstone.Success in the competition is crucial as it gets the team noticed by the industry, where a handful of engineering jobs can have upwards of 10,000 applicants. Several OBR alumni are currently working in every Formula One team.“A lot of the coverage on TV is based around the drivers, but not really the actual engineers,” said Thomas Cawdery, a team manager and third-year motorsports technology student. “This is what you don’t see in Formula One. The engineers who make it happen.”The OBR team is entirely run by students and operates out of two buildings, where scores of people are working hard – cutting and shaping carbon fibre chassis by hand, and running simulations on computers. Students of all ages are teaching and learning from one another.While actual Formula One cars have much more power than the students are allowed for safety reasons, the complexity of the cars is very similar. “They’re the same if not more complex than Formula One cars,” Cawdery said.The OBR team surpasses industry expectations in some aspects, particularly in terms of gender balance. Unlike most Formula One teams, where only about 10% of engineers are women, OBR has a much better gender balance.Emma Deery, a first-year mechanical engineering student, finds the inclusive environment encouraging. “In the industry, a lot of women find themselves the only woman on their team. Here it’s different. We have a lot more women and a lot of women in leadership roles.”The OBR team will compete for the top spot this summer against 102 other teams from 27 countries. The competition is a useful recruitment tool for big industry names, as it showcases innovative engineering skills.Ross Brawn, the legendary former team principal, once said, “There are two really innovative forms of motorsport left. One of them is Formula One and the other one is Formula Student.”

Rory McIlroy is focused on achieving more in golf after his 2025 Masters win, which marked his fifth major and a grand slam. He expressed no concerns about maintaining motivation, citing his physical and mental well-being at 36.McIlroy emphasized his desire to continue winning and has his sights set on several goals, including:Defending his Masters titleWinning an Open at St AndrewsMatching Nick Faldo's record of six major wins for a European golferHe credits his caddie, Harry Diamond, for providing crucial support during his Masters victory. McIlroy also reflects on his approach to regular tour events, suggesting they are now less of a priority compared to major tournaments.McIlroy's global golfing ambitions are clear, having taken the Green Jacket to countries like India and Australia. He aims to balance his schedule to maintain peak performance in major tournaments while still competing in other events.His idol, Tiger Woods, serves as a contrast, having struggled with letting go of the sport. McIlroy, on the other hand, envisions a future where he can compete at a high level into his 40s, inspired by players like Justin Rose who remains competitive at 45.

Rising fortunes among the ultra‑rich under the Trump administration have ignited a wave of tax‑reform campaigns across the United States. In California, volunteers like Karen Sanchez are gathering signatures for a one‑time 5% wealth tax targeting the state’s 200‑plus billionaires to offset federal cuts to hospitals, education and food‑assistance programs.At least ten states are exploring similar measures. Washington recently enacted its first income‑tax aimed at roughly 20,000 millionaire households, while Massachusetts and Minnesota already channel wealth‑tax proceeds into preschool, K‑12 meals and transportation infrastructure.On the federal front, Senators Bernie Sanders and Representative Ro Khanna have introduced the “Make Billionaires Pay Their Fair Share Act,” proposing an annual 5% levy on billionaire net worth. Khanna argues that the ultra‑wealthy fund private health insurers, defense contractors and political campaigns, creating a stark fairness gap.Data from Oxfam shows that in the twelve months after Trump’s re‑election, billionaire fortunes grew at a rate three times faster than the average annual growth of the previous five years. Meanwhile, the federal minimum wage has remained stagnant at $7.25 for fifteen years, underscoring the widening economic divide.A Data for Progress poll released last fall found that 70% of Americans believe the economic system favours corporations and the wealthy. “People are angry and want change,” says Amy Hanauer of the Institute on Taxation and Economic Policy (ITEP), noting that activists are leveraging every level of government to seek relief.The movement draws on a two‑decade history of class‑based activism, from the Occupy Wall Street protests to Senator Sanders’ 2016 campaign that foregrounded wealth‑tax proposals. Yet inequality has deepened: CEOs of the five largest U.S. firms now earn, on average, **$52 million** annually—over a thousand times the typical worker’s salary.Political spending by billionaires has also exploded. A recent New York Times analysis reveals that billionaire contributions rose from **0.3% of campaign funds in 2008** to **19% in 2024**, amounting to more than **$3 billion** from roughly 300 ultra‑rich donors, many of whom supported candidates opposing wealth taxes, including former President Donald Trump.The war in Iran has further inflamed resentment, with the United States spending **$11.3 billion** in the first week of bombardment—far exceeding the annual budgets of agencies such as the CDC, EPA and the National Cancer Institute.Local victories are feeding the momentum. New York City’s mayoral race saw Zohran Mamdani win on a platform that includes taxing the rich to fund affordable housing, groceries and transit. Councilmember Chi Ossé led a 1,500‑person march to the state capitol, urging Governor Kathy Hochul to permit a city‑level millionaire tax, a move that now has backing from some state Democrats.Beyond New York, states like Rhode Island, Hawaii, Pennsylvania, Virginia, Illinois and New Mexico are debating various wealth‑tax mechanisms, including the popular “mansion tax” on high‑value home sales. Currently, **17 localities** have adopted such taxes, most passed between 2018 and 2023.California’s gubernatorial race has become a flashpoint. Billionaire‑backed candidates Matt Mahan and Tom Steyer are vying to replace Governor Gavin Newsom, with the tech elite—such as Sergey Brin and Joe Lonsdale—pouring money into campaigns opposing the billionaire tax. Of the 30 billionaires who have contributed to the race, **25 supported Mahan**, who has positioned himself as a staunch anti‑tax candidate.For Sanchez, the stakes are personal. The proposed tax seeks to replace **$100 billion** in federal health‑care funding cut by Trump’s “One Big Beautiful Bill Act,” which threatens hospital closures and layoffs in the nation’s fourth‑largest economy. She aims to collect **875,000 signatures** by late June to secure the initiative on the November ballot.“It’s creating a network of groups all working toward a common good,” Sanchez says, reflecting a broader sentiment that collective action could finally translate the public’s demand for fiscal fairness into concrete policy.

Liverpool's season has reached a critical juncture, with five matches in 16 days set to determine the fate of manager Arne Slot's vision for the team. The Reds face a daunting schedule, including cup quarter-finals against Manchester City and Paris Saint-Germain, as they seek to salvage a disappointing campaign.The team's inconsistent form has raised concerns about their ability to secure Champions League qualification, a crucial aspect of the club's business model. Liverpool's recent performances have been marred by defeats to Wolves and Brighton, highlighting issues with fitness levels, efficiency in front of goal, and organisation.The return of Alexander Isak to team training could provide a much-needed boost, but the striker will have to prove himself upon his return to competitive action. Isak's partnership with Florian Wirtz has been limited due to injuries, and the duo will need to deliver to justify Liverpool's £125m investment in the striker.Liverpool's hierarchy, including owner Fenway Sports Group and sporting director Richard Hughes, are aware of the challenges faced by Slot this season, including the death of Diogo Jota and injuries that have hindered the team's performance. However, the club's supporters are growing increasingly disillusioned, with ticket price increases and a record revenue of £703m failing to translate to on-field success.A positive note was struck by Jürgen Klopp's return to Liverpool, which drew a sellout crowd of 60,482 and raised over £1m for the LFC Foundation. Nevertheless, the adoration for Klopp contrasted with the frostiness towards Slot, highlighting the challenges faced by the current manager in reviving the team's fortunes.

Cameron Boozer earned the Associated Press men’s college basketball Player of the Year honor, marking the fifth time a freshman has captured the award and the second consecutive year a Duke freshman has done so. The 6‑foot‑9 forward was a cornerstone of a Duke squad that posted 35 victories, topped the AP Top 25 poll, secured the No. 1 overall seed for March Madness and advanced to the Elite Eight. Boozer’s versatility—scoring against physical defenses, stretching the floor with perimeter shooting, and facilitating the offense—proved decisive throughout the campaign. Joining the ranks of Cooper Flagg (2025), Zion Williamson (2019), Anthony Davis (2012) and Kevin Durant (2007), Boozer joins a short list of freshmen who later became top‑two NBA draft picks. He noted, “It’s not just about me; the team’s success amplifies these recognitions.” In the AP voting, Boozer secured 59 of 61 votes, with the remaining two cast for BYU freshman AJ Dybantsa, who averaged a national‑best 25.5 points per game. Statistically, Boozer averaged 22.5 points (ninth in Division I) and 10.2 rebounds (twelfth), while dishing out 4.1 assists. His shooting efficiency stood at 55.6% from the field and 39.1% from three‑point range**, and he tied for the national lead with 22 double‑doubles. These numbers underscore his readiness for the professional level. Highlights of his season include a career‑high 35 points against Arkansas, a 29‑point effort versus defending champion Florida, and a dominant 18‑point, 15‑rebound performance against Michigan State. Even in Duke’s season‑ending loss to UConn, Boozer contributed 27 points despite a swollen right eye from an early‑game blow. Duke associate head coach Chris Carrawell praised Boozer, saying the program has been “fortunate to have two of the best freshmen ever play back‑to‑back,” and placed him “right up there” with the sport’s recent legends. In related honors, Fred Hoiberg was named AP Coach of the Year after guiding Nebraska to a breakthrough 28‑win season.

The weekend's sports action kicks off with FA Cup quarter-final matches and the start of the county cricket season. In the FA Cup, Manchester City hosts Liverpool at the Etihad, with both teams seeking to advance to the semi-finals. Chelsea takes on Port Vale at Stamford Bridge, while Southampton faces Arsenal at St Mary's. In county cricket, Nottinghamshire begins their title defense against Somerset at Taunton. The season's early rounds will also see Surrey, the 2022, 2023, and 2024 champions, in action with a strong lineup including Alec Stewart, Ollie Pope, and Jamie Smith. Additionally, the 197-year-old Boat Races on the Thames between Oxford and Cambridge will take place, with the women's race followed by the men's. This event has moved to a new TV home on Channel 4 as part of a five-year broadcast deal. On Sunday, a bumper Easter Sunday schedule features multiple FA Cup matches, including West Ham vs Leeds and Livingston vs Hearts in the Scottish Premiership.

Channel 4 is poised to shake up the traditional Boat Races with its debut coverage of the event, bringing a fresh perspective and new talent to the table. The network has acquired the broadcasting rights from the BBC, signaling a significant change in the event's media landscape. The Boat Races, a storied competition between Oxford and Cambridge universities, has been a staple of British sport since 1829. This year's event promises to be exciting, with Oxford's Heidi Long, a bronze medalist in the women's eight at Paris 2024, leading the charge against Cambridge's dominant women's team. Clare Balding, previously the face of the BBC's coverage, will continue as presenter, joined by newcomers Jamie Laing, a reality TV star and Radio 1 DJ, and Ade Adepitan, a TV presenter and Londoner. The on-screen team aims to bring a new dynamic to the event, appealing to a younger demographic. The production company, FilmNova, brings four years of experience from BBC broadcasts and has planned several innovations, including relatable comparisons and humanizing the rowers. One highlight is a 'fantasy boat' featuring well-known sportspeople, such as Serena Williams and Frankie Dettori. The Boat Races also shed light on pressing issues like Thames Water's mismanagement and sewage pollution in Britain's waterways, adding a layer of depth to the event. As Channel 4 takes the reins, the athletes can focus on their goals, with Long and her Oxford teammates striving to end Cambridge's eight consecutive wins. Heidi Long's remarkable story, balancing rowing with medical studies and personal loss, exemplifies the dedication and resilience of the athletes. Her leadership and experience are seen as key factors in Oxford's bid for victory.