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Oil prices jumped back above $100 a barrel and global stocks fell after weekend talks between the US and Iran ended without an agreement and Donald Trump imposed a blockade of the Strait of Hormuz. The US president announced the blockade on Sunday, targeting Iranian vessels and ships that have paid a toll to Iran for passage through the strait, in an attempt to choke off the flow of Iranian oil.US Central Command said it would start at 10am ET (5.30pm in Iran and 3pm in the UK), blocking all Iranian Gulf ports and coastal areas, in effect seizing control of maritime traffic in the Strait of Hormuz. The news drove oil and gas prices sharply higher again, after the two-week ceasefire between the US and Iran announced on Wednesday prompted a sharp fall in energy prices, and crude ended the week below the psychological $100 a barrel threshold.Brent crude rose by nearly 7% to $101.74 a barrel on Monday morning, while US crude is up more than 8% to $104.69 a barrel. Gas prices also increased, with the British wholesale gas contract for May soaring by 11.7% to 122.5p a therm. Analysts at JPMorgan Chase said last week they expected oil prices to stay high in the second quarter, above $100 a barrel, before easing in the second half of the year.Most Asian stock markets fell on Monday, with Japan’s Nikkei down 0.7% and Hong Kong’s Hang Seng index losing 1%, while Chinese stocks rose slightly. Sentiment was helped by Beijing’s announcement of a 10-initiative strategy aimed at deepening ties with Taiwan. European stocks also fell, led by airlines including Lufthansa, Wizz Air, easyJet and British Airways parent IAG. The FTSE 100 index in London lost 0.4%, dropping 45 points to 10,555. Germany’s Dax fell 1%, Italy’s FTSE MiB slipped 0.7% and Spain’s Ibex was down 1.1%. With oil and gas prices rising sharply higher, energy companies such as BP and Shell are rallying.Priyanka Sachdeva, senior market analyst at the broker Phillip Nova, said: “In today’s environment, every barrel of risk added to oil markets carries an inflation price tag for the global economy.” She added: “The market reaction underscores a simple but powerful reality: Hormuz risk is not theoretical; it is structural, and it is real.”Interest rate expectations have shifted again; investors now see an 84% chance of two rate increases from the Bank of England this year to tackle rising inflation, up from 60% on Friday. Before the Iran war, the central bank was expected to cut rates. The price of gold fell 0.4% to $4,730.75 an ounce as the blockade fuelled inflation concerns, prompting traders to scale back expectations for Federal Reserve rate cuts this year.

Reports of sexual assault allegations against U.S. Representative Eric Swalwell have sent shockwaves through the California gubernatorial race, where recent polls showed him leading a crowded Democratic field seeking to succeed Governor Gavin Newsom.During televised interviews on Sunday, several high‑profile Democratic lawmakers urged Swalwell to drop out of the race and resign from Congress after CNN and the San Francisco Chronicle published accounts from a former staffer and other women alleging misconduct.“What he did is sick and disgusting,” Congressman Ro Khanna told Fox News Sunday, calling for investigations by law‑enforcement and the U.S. House of Representatives.Swalwell has categorically denied the claims as “absolutely false” and indicated no intention to leave the gubernatorial contest. A March poll conducted by Emerson College had him ahead of both Democratic and Republican challengers by several points, underscoring the political stakes.In the wake of the allegations, powerful figures and organizations have begun revoking endorsements, and the Manhattan District Attorney’s office confirmed an active investigation on Saturday.Republican Representative Anna Paulina Luna announced she will file a motion to initiate expulsion proceedings against Swalwell, a step some Democrats say they could support.“This is not a partisan issue,” Representative Pramila Jayapal remarked, emphasizing that the matter “cuts across party lines” and reflects broader concerns about the treatment of women.Democrats have also called for the expulsion of Republican Representative Tony Gonzales of Texas, who faces separate sexual‑misconduct allegations. Both Ro Khanna and Republican Representative Byron Donalds indicated they could back a bid to eject Gonzales and Swalwell from Congress, with Donalds stating, “As far as I’m concerned, both gentlemen need to go home.”California gubernatorial candidate, US Representative Eric Swalwell, appears at a town hall meeting in Sacramento, California, on Tuesday, April 7, 2026 (Rich Pedroncelli/AP Photo)

President Donald Trump's 2027 budget proposal has drawn sharp criticism for its stark prioritization of military spending over healthcare and social welfare programs, despite the US facing a crisis of deaths from avoidable causes. The budget proposes a $1.5 trillion military expenditure, a significant increase from previous years, while cutting the Department of Health and Human Services (HHS) budget by 12%.The US faces a grim reality in healthcare, with deaths from treatable conditions nearly twice the rate of countries like Spain, France, Japan, and Australia. Many Americans struggle to access healthcare due to cost, with the US having the highest out-of-pocket expenses for medical services among its peers. The proposed budget cuts to HHS and other non-defense programs will likely exacerbate these issues.Trump's budget plan also slashes funding for programs like Medicaid and the Affordable Care Act, potentially leaving 15 million Americans without health insurance, according to analysts. The administration's justification for these cuts includes claims of corruption and wasteful spending in certain programs.The budget proposal has been seen as a betrayal by many Americans who supported Trump based on his promises to help working-class individuals. The data suggests that if Trump continues to ignore the needs of his base, he may soon lose their support. American men and women are dying, and these individuals are also Trump's voters.The Pentagon's recent spending on conflicts, such as the war against Iran, has been substantial, with estimates suggesting $12.7 billion in the first six days and $28 billion in just over five weeks. The budget proposal's focus on military spending raises concerns about the impact on the US economy and society.

The recent return of the Artemis II mission to Earth has been hailed as a major achievement for NASA, marking the first crewed mission to the moon in over 50 years. The mission, which included astronauts Reid Wiseman, Victor Glover, Christina Koch, and Jeremy Hansen, broke a distance record and demonstrated the capability to sustain human life beyond lower-Earth orbit.However, the celebration has been overshadowed by proposed budget cuts to NASA, with Donald Trump announcing a 23% reduction in funding, including a 46% cut for space science initiatives. Critics argue that these cuts, described as 'extinction-level', would severely impact NASA's ability to achieve its ambitious goals in deep space exploration.NASA Administrator Jared Isaacman defended the budget proposal, stating that the levels are sufficient to meet mission priorities. However, Casey Dreier of the Planetary Society expressed concerns, highlighting the contradiction between the budget proposal and previous statements by NASA leadership.The Artemis program faces significant challenges ahead, including the development of a permanent lunar base. Despite these concerns, NASA is already looking ahead to Artemis III, scheduled for next year, which will test human lunar landing systems.Artemis II has been hailed as a crucial step in the US space program, providing a significant advantage in the new space race with China. The mission's success has brought renewed attention to the importance of continued investment in space exploration and the need for a stable and supportive budget.

It's been a year since the Trump administration's sweeping cuts to the federal workforce, and the effects are still being felt. Tens of thousands of employees were offered buyouts or faced termination, leaving many to navigate a difficult job market. Maggie, a former employee of the US Office of Personnel Management, took a buyout offer in May 2025. She has since applied to over 250 jobs but is still waiting for an ethics letter to start work elsewhere. 'I couldn't be without health insurance through the delivery of my baby,' she said, highlighting the challenges faced by those who lost their jobs. The federal workforce has declined by about 355,000 employees since Trump took office, with 18,000 workers leaving in March 2026 alone. The cuts have left remaining government workers overwhelmed, trying to keep essential public services afloat. Charles Melton, a 20-year veteran of the US Department of Agriculture, took early retirement but still helps former colleagues with job applications. 'I'm still mad as hell,' he said. 'We just got thrown away like garbage.' The impact on public services has been significant, with customer service at the Social Security Administration worsening and healthcare workers at the Department of Veterans Affairs reporting ongoing staffing issues. The shutdown of USAID has resulted in hundreds of thousands of deaths worldwide due to the spread of infectious diseases and malnutrition. The White House has declined to comment, but Scott Kupor, OPM's director, stated that 'reshaping the federal workforce is essential to building a government that works for the American people, not the bureaucracy.'

OECD preliminary figures reveal a 23% decline in international development assistance between 2024 and 2025, the steepest annual fall recorded since the organization began tracking aid.The United States was the primary catalyst, with its official development assistance slashing nearly 57% in 2025, a reduction that accounts for roughly three‑quarters of the overall drop.Total aid from the 34 DAC members fell from $214.6 billion to $174.3 billion. American contributions shrank from about $63 billion in 2024 to just under $29 billion the following year, according to the OECD.Other major donors—including Germany, the United Kingdom, Japan and France—also trimmed their budgets, and only eight DAC countries managed to meet or exceed their 2024 levels.The cuts arrive at a time of heightened global economic and food‑security uncertainty, exacerbated by the ongoing US‑Israeli conflict with Iran.OECD official Carsten Staur described the plunge as “deeply concerning,” urging donors to reverse the trend as humanitarian needs surge. Oxfam’s Development Finance Lead Didier Jacobs warned that wealthy governments are “turning their backs on millions of lives in the Global South” by cutting life‑saving aid while funding conflict.Academic research links the U.S. reductions to a rise in armed conflict across Africa, with the Center for Global Development estimating that the cuts could have caused between 500,000 and 1,000,000 excess deaths in 2025. A Lancet analysis warns that continuing the downward trajectory may result in **over 9.4 million additional deaths by 2030**.Under President Trump, the United States has dismantled the U.S. Agency for International Development (USAID) and pursued a handful of bilateral agreements with African nations that tie aid to mineral access and health data. Simultaneously, the administration is seeking a historic $1.5 trillion military budget for FY2027** and between **$80 billion and $200 billion** for the Iran‑Israel war effort.Analysts and NGOs are calling on DAC members to restore aid levels and reinforce the global humanitarian system, which they say faces its most serious crisis in decades.

In a stark address delivered as the cease‑fire in the Iran conflict teetered, IMF Managing Director Kristalina Georgieva warned that the war will leave a permanent scar on the global economy, slowing growth beyond the IMF’s original projections for 2026. Georgieva noted that, had the hostilities not erupted six weeks ago, the Fund would have been poised to raise its 2026 growth outlook. Instead, even the most optimistic scenario now entails a downgrade, and a swift return to pre‑war conditions appears unlikely. The uncertainty surrounding the cease‑fire—exacerbated by divergent positions of Washington and Tehran—has already pushed oil prices higher, reflecting fears of continued disruptions to shipments through the Strait of Hormuz, a vital conduit for world energy supplies. According to the IMF’s upcoming World Economic Outlook, the conflict’s “scarring effects” will translate into lower living standards worldwide. The Fund had previously forecast global growth of 3.1% in 2026, a modest slowdown from 3.2% in 2025, buoyed by a tech‑driven investment surge. Georgieva emphasized that the war arrived when the economy was riding “considerable momentum” from technology investment and supportive financial markets. She outlined the mechanisms of damage: damaged infrastructure, supply‑chain interruptions, eroded confidence, and prolonged uncertainty over oil and gas production in the region. These factors will depress growth regardless of whether a peace agreement is ultimately reached. Georgieva highlighted that the most vulnerable will be net oil‑importing nations, poorer economies and small island states, which stand to feel the brunt of higher energy costs and reduced trade flows. She urged governments to avoid unilateral measures such as export bans or price controls, warning that such actions could "pour gasoline on the fire" and further destabilise markets. With many countries already carrying elevated debt levels and higher borrowing costs, the IMF chief called for targeted, temporary assistance to protect the most at‑risk households. She cautioned against broad tax cuts or blanket energy subsidies, which could stoke inflation and strain fragile public finances. Central banks, she added, should keep policy rates steady while remaining ready to act against inflationary pressures. Bank of England Governor Andrew Bailey, who also chairs the Financial Stability Board, echoed the IMF’s concerns, describing the conflict as a "very big shock" that has heightened market volatility. He stressed that the situation remains fluid and that policymakers must stay vigilant. Overall, the IMF’s message is clear: the Iran war will reshape the global growth trajectory for the foreseeable future, and coordinated, prudent policy responses are essential to mitigate its lasting impact.

The UK government's spending on foreign aid has hit its lowest level in nearly two decades, with provisional data showing 0.43% of national income allocated to official development assistance (ODA) in 2025, down from 0.5% in 2024 and matching the level in 2008. The total ODA spend in 2025 was just over £13bn, an annual decrease of £1bn, or 7.4%. This decline has raised alarms among humanitarian experts, who warn that the cuts are having severe consequences, particularly for marginalized communities across Africa. Gideon Rabinowitz, director of policy and advocacy at Bond, emphasized that life-saving humanitarian programs, including education provision in Syria and healthcare programs across Africa, have already been forced to close. He warned that with even deeper cuts expected, the worst consequences are yet to be realized. The Organisation for Economic Cooperation and Development (OECD) noted that a projected 9% to 17% drop of ODA among its members in 2025 would hit the poorest countries hardest. The UK's reduction in aid spending has been criticized by campaigners and aid organizers, who argue it will cause widespread damage and weaken the UK's influence overseas. In response, the Foreign, Commonwealth and Development Office stated that national security is the government's first duty and that the decision to reduce ODA spending to 0.3% of GNI by 2027 was necessary to fund an increase in defense spending. However, they emphasized that the UK remains committed to safeguarding standards and protecting women and girls.

As rising temperatures push snakes and humans into closer contact, the world faces an estimated 5.5 million snakebites each year, resulting in 138,000 deaths and 400,000 lasting disabilities. In response, a Wisconsin‑based amateur scientist has taken an extreme route to help solve the crisis.For almost 20 years, Tim Friede, a former window cleaner, allowed some of the planet’s most lethal snakes to bite him, accumulating over 200 intentional bites. His goal: to provoke his own immune system into producing antibodies that could be harvested for a near‑universal antivenom.The endeavor has been perilous. Friede survived a coma after being bitten by two cobras within an hour, endured anaphylactic shocks, lost tissue in a finger, and even had to cut necrotic muscle from his leg. Yet he persisted, eventually becoming immune to the inland taipan—the world’s most venomous snake, whose single bite can kill more than 100 people.In 2019, California biotech firm Centivax hired Friede to extract his antibodies. Early laboratory work showed that his serum can neutralise toxins from 19 elapid species, including cobras, mambas, taipans, coral snakes and kraits—roughly half of all venomous snakes worldwide.The next step is a veterinary trial in Australia, slated for later this year, before any human application. If successful, the antivenom could dramatically reduce the burden of snakebite in low‑income regions across Asia and Africa, where most victims live.Climate scientists warn that warming climates will expand snake habitats and increase human exposure, as illustrated by the recent surge of rattlesnake bites in California’s Ventura County. This amplifies the urgency for scalable, affordable antivenoms, especially as international aid budgets face cuts and manufacturing capacity remains insufficient.Friede’s unconventional path underscores a broader lesson: confronting emerging health threats may require bold, unconventional science, but the potential payoff—a life‑saving treatment for millions—could be transformative.