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Oil prices have experienced a significant surge, rising more than 5%, in the wake of an Israeli strike on Iran's South Pars gasfield. This development comes as the United States-Israeli conflict with Iran continues to escalate.The international standard, Brent crude, rose 5 percent to $108.66 a barrel on Wednesday. Meanwhile, US West Texas Intermediate crude (CLc1), the price barometer for US oil, gained 2.5 percent to $98.65. This widened its discount to Brent to the largest since May 2019, driven by fears of a prolonged conflict.Iranian state media reported that natural gas facilities associated with its offshore South Pars field – the largest gasfield in the world, located off the coast of southern Iran's Bushehr province – were attacked. Iran's Revolutionary Guard threatened to attack oil and gas infrastructure in Qatar, Saudi Arabia, and the United Arab Emirates, heightening the risk of further disruptions to energy supplies in the region.Later on Wednesday, Qatari authorities reported a fire at the country's Ras Laffan gas facility after an Iranian ballistic missile attack. Qatar's Interior Ministry later confirmed that the fire had been brought under control.The US-Israeli war on Iran and Tehran's retaliatory attacks on Gulf neighbours have disrupted oil and natural gas exports from the Middle East and forced production stoppages. Experts warn that if these disruptions keep oil and gas prices elevated for an extended period, the global economy could experience a wave of inflation.Fighting has halted most shipments via the Strait of Hormuz, through which 20 percent of global oil and liquified natural gas supplies pass. Total oil output cuts in the Middle East are estimated at 7 million to 10 million barrels per day or 7 percent to 10 percent of global demand.

The conflict between Iran and Israel has taken a significant turn, with oil prices skyrocketing to unprecedented levels. Analysts are now warning that prices could reach $150 or even $200 per barrel, a scenario that was previously considered far-fetched.The global benchmark, Brent crude, has hit nearly $120 per barrel and has remained above $100 since March 13. The recent Israeli strike on Iran's South Pars gasfield and subsequent Iranian attacks on oil and gas facilities in Qatar, Saudi Arabia, and the United Arab Emirates have further pushed crude prices up to over $108 per barrel.The Strait of Hormuz, which accounts for about one-fifth of global oil supplies, has been effectively closed since Iran declared it shut early in the conflict. Only a handful of ships, mostly Indian, Pakistani, Turkish, and Chinese-flagged vessels, have been allowed to pass through in recent days.Market watchers agree that prices have room to move much higher if the Strait of Hormuz remains closed. Vandana Hari, founder of Vanda Insights, notes that benchmark Middle Eastern crudes have already crossed the $150 threshold, making $200 a possibility.The International Monetary Fund estimates that every 10% rise in oil prices would correspond with a 0.4% increase in global inflation and a 0.15% reduction in economic growth. Oil prices at $150 or higher would weigh heavily on the global economy.Adi Imsirovic, an energy expert at the University of Oxford, warns that oil at $200 per barrel would be a major handbrake to the world economy, impacting inflation, growth, employment, and potentially causing shortages of fuel and materials.

Pep Guardiola was given the opportunity to engage in pre-match mind games with rival coach Mikel Arteta ahead of Manchester City's meeting with Arsenal in the English League Cup final on Sunday. However, he chose not to take the bait.Instead, Guardiola shifted the focus to global issues, stating, “Look what’s happened around the world. We have an incredible chaos and nobody moves one finger. Everything is behind the scenes. The world is going to collapse and still we are here talking about dark arts.”This comment recalled a previous flashpoint between the teams in September 2024, when Arsenal's tactics drew criticism from several City players following a 2-2 draw. Midfielder Bernardo Silva described Arsenal's players as pushing “the limits of what was possible to do,” while defender John Stones said they “break up the game which upsets the rhythm.” Full back Kyle Walker, no longer at City, referred to Arsenal's perceived tactics as “dark arts.”Guardiola praised Arsenal's evolution and “solidarity,” noting they are in contention to win four trophies this season as the Premier League leader by nine points and having advanced to the quarterfinals of the Champions League and FA Cup. He described Arsenal as an “exceptional team” and acknowledged the challenge they pose.Arteta, who previously worked under Guardiola at City from 2016-19, acknowledged that their relationship “had to” change due to their current roles as rivals. However, he expressed his enduring respect for Guardiola, citing his “inspiration” since he was young.

The conflict between the United States, Israel, and Iran has taken a significant turn with strikes on a gas field and energy production facilities. These actions are likely to have a ripple effect on the global economy, raising power, food, and other prices worldwide. As gas supplies dwindle and costs escalate, the impact will be felt across the globe.The effects of this conflict will not be limited to the Gulf region; they will echo far beyond, affecting economies and consumers worldwide. The key question is: who will feel the impact the most, and how far could this shock spread?Expert insights from Justin Dargin, an energy expert at the Middle East Council on Global Affairs, provide valuable context to understanding the potential consequences of this escalation.

The US government has initiated the deployment of hundreds of Immigration and Customs Enforcement (ICE) agents to airports across the country to address significant staffing shortages and security concerns. This move comes as a result of a prolonged federal funding battle that has led to long delays and congestion at airport security screening stations.According to reports, ICE and Homeland Security Investigations officers are being deployed to more than a dozen airports, including major hubs such as New York’s John F Kennedy International Airport and Hartsfield-Jackson Atlanta International Airport. The deployment aims to support the Transportation Security Administration (TSA) workers, who have been working without pay due to the funding lapse.The funding crisis began on February 14, when some Department of Homeland Security (DHS) funding lapsed due to disagreements over reforms in the wake of President Donald Trump’s immigration policies. This has resulted in TSA agents working without pay and over 300 employees quitting since the shutdown began.While the deployment is intended to alleviate security concerns, it has raised serious concerns among Democrats and some Republicans. They argue that untrained ICE agents could fuel tensions and are not equipped to handle airport security duties. House Democratic leader Hakeem Jeffries and Republican Senator Lisa Murkowski have expressed opposition to the plan, emphasizing the need to resolve DHS funding issues and pay TSA agents.In response to the deployment, President Trump has requested that ICE agents remove their face masks while working at airports, citing concerns about their visibility. However, the move has been met with criticism, with some arguing that it could lead to additional tensions at already strained airport security checkpoints.

The conflict in the region has intensified, with Iraq becoming a two-way battlefield between armed factions and the United States during its war with Iran. The US carried out strikes against the Shia paramilitary umbrella group, also known locally as Hashed al-Shaabi, late on Sunday after attacks on a US diplomatic and logistics centre at Baghdad International Airport.The attack was carried out after Iraqi security officials said four explosions were heard near Camp Victory, a US logistics centre at the capital’s main airport. No casualties were reported as the positions were deserted.The PMF is part of Iraq’s regular armed forces and includes some pro-Iranian groups. Pro-Iran armed groups have claimed responsibility for attacks on US interests in Iraq and across the region while strikes have also targeted these groups.Economic worries also are weighing heavily after Iraq’s Ministry of Oil last week announced a case of force majeure on all oilfields developed by foreign oil companies, citing disruptions to navigation through the Strait of Hormuz, which have halted most of the country’s crude exports.“Iraq relies on that revenue,” said Nicolas Haque, a reporter from Iraq’s capital. “That’s 90 percent of its revenues, so that’s going to have an impact on people.”US President Donald Trump on Saturday threatened to attack Iran’s power plants if freedom of navigation through the Strait of Hormuz was not fully restored in 48 hours. On Monday, hours before his deadline was to expire, Trump ⁠ordered the US ⁠military to postpone ⁠strikes ⁠against the power plants for five days.

South Yorkshire is on the cusp of a significant transformation, driven by a surge in creative industries and investments. The region, once known for its steel industry, is now home to the UK's biggest podcast festival, Crossed Wires, and Persephonica, a leading independent podcast producer. The success of Adolescence, a Netflix hit produced by Warp Films, has been a catalyst for this change. The show's multiple awards at the Emmys and Golden Globes have brought international recognition to the region. Oliver Coppard, the Labour mayor of South Yorkshire, attributes the region's renewed confidence to a shift in mindset. He believes that the area's leaders have finally begun to offer an ambitious vision for its future. The region's economic growth is also driven by investments in defence and manufacturing. BAE Systems and Sheffield Forgemasters are among the companies contributing to this growth. However, experts caution that the region's future cannot rely solely on these industries. Jim O'Neill, a leading economist, emphasizes the need for a diversified economy and a strong public transport system. Despite challenges, the mood in South Yorkshire is optimistic. The region's young people are choosing to stay and work in the area, driven by the availability of high-skilled jobs and new opportunities.

In an unexpected turn of events that captured social media attention over the weekend, footballer Jorginho found himself in a public dispute with American pop singer Chappell Roan. The former Chelsea and current Flamengo midfielder took to social media to accuse Roan's security guard of speaking "in an extremely aggressive manner" to his stepdaughter and wife at a São Paulo hotel.Jorginho, whose stepdaughter happens to be actress Jude Law's daughter, claimed that his stepdaughter had merely smiled at Roan while walking past the singer's table during breakfast. Without his fans, "you would be nothing," Jorginho stated in a departure from his typically less confrontational public persona.In response, Roan posted a video denying the allegations and clarifying that the security guard in question was not her personal security. The singer explained she was simply sitting at breakfast when the incident allegedly occurred and expressed regret if the mother and child felt uncomfortable. "I do not hate people who are fans of my music. I do not hate children – that is crazy," Roan stated in the video, which was recorded while she was lying in bed.The controversy quickly escalated when Eduardo Cavaliere, the mayor of Rio de Janeiro, announced a ban on Roan performing at the city's annual Todo Mundo festival. "As long as I'm in charge of our city – this young lady @ChappellRoan will never perform at Todo Mundo no Rio!" he declared, while simultaneously inviting Jorginho's stepdaughter as a guest of honor.Quote of the Day came from Pep Guardiola following Manchester City's recent triumph: "I wanted another yellow card, that was the target. If I cannot celebrate against that team with the way we are playing, then when? Emotions are related to the way we are playing. Give me another yellow card, I'm not yet artificial intelligence. I'm a human being and I want to celebrate."

Raheem Sterling's much-anticipated move to Feyenoord has yet to yield the desired results, as he struggled to make an impact in the highly anticipated De Klassieker against Ajax. Despite having a chance to attack Ajax's right-back Lucas Rosa, Sterling failed to capitalize, and his performance was marred by a lack of match fitness.The 31-year-old English forward, who joined Feyenoord on loan from Chelsea for the remainder of the season, has had a difficult start to life in the Eredivisie. With Feyenoord currently sitting in second place, albeit far behind league leaders PSV Eindhoven, the pressure is on Sterling to deliver results and help the team secure a Champions League spot.Feyenoord's coach, Robin van Persie, acknowledged Sterling's struggles, stating that the player's fitness levels and on-field impact need to improve. Van Persie emphasized the importance of winning matches during this period of Sterling's acclimation, highlighting the need for the team to deliver results.Sterling's performance in De Klassieker was a microcosm of his challenges at Feyenoord so far. Despite showing glimpses of his former self, including a smart first-time ball and some earnest tracking back, he failed to leave a lasting impact on the game. His substitution in the 59th minute was a testament to his underwhelming display.The clock is ticking for Sterling to turn his form around, with Van Persie expressing optimism about the player's potential to improve. However, with only a few months left on his loan deal, Sterling needs to quickly adapt to the Dutch league and prove his worth to Feyenoord and potential suitors.