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The ongoing United States-Israeli conflict with Iran has triggered severe disruptions to global LNG supplies in the Gulf, creating the most significant energy market disruptions in recent years. The critical Strait of Hormuz, through which 27 percent of the world's maritime oil trade and 20 percent of LNG shipments pass, has been brought to a near standstill.In response to the conflict, oil-producing nations such as Saudi Arabia have rerouted oil through alternative pipelines, while Qatar has completely halted LNG production at its Ras Laffan and Mesaieed facilities following attacks on its energy infrastructure. This disruption comes as natural gas makes up about a quarter of global energy consumption, raising widespread concerns about the impact on nations heavily reliant on gas imports.Natural gas is formed over millions of years from decomposed organic matter subjected to intense heat and pressure beneath the Earth's surface. LNG represents natural gas that has been cooled to -162 degrees Celsius through cryogenic processing, shrinking it to a 600th of its gaseous volume. In its liquid state, LNG is colorless, odorless, and non-flammable, making it safe and efficient to transport across vast distances.Before liquefaction, the gas undergoes purification through water-based solvents and molecular sieve beds to remove impurities including carbon dioxide, hydrogen sulfide, water, and mercury. Heavier hydrocarbons are then separated from methane and ethane through fractionation. The resulting fuel is typically composed of 85 to 95 percent methane, with small amounts of ethane, propane, butane, and nitrogen.LNG is stored in large insulated tanks without requiring high-pressure infrastructure, then pumped onto double-hulled carriers for shipment to terminals worldwide. At destination facilities, LNG is heated using seawater or warm water baths until it vaporizes—a process known as regasification—before being distributed through pipelines for consumption.Once returned to a gaseous state, LNG serves multiple purposes globally. Residential applications include cooking, heating, and electricity generation, while supporting hot water systems in homes and heating for commercial buildings. In power generation, LNG offers a comparatively low-carbon alternative to coal and oil. Industrial applications span fertilizers, plastics, paints, and medicines, with LNG also used to fuel heavy-duty vehicles and ships.The disruption has particularly affected agricultural production, as Gulf nations export close to half the world's traded urea—a key fertilizer component. Natural gas serves as both the primary feedstock and fuel for fertilizer manufacturing, with the halt in production forcing producers across the region to suspend or reduce operations.While primarily valued as an energy source, LNG processing yields significant by-products with industrial and medical applications. The most notable is helium, extracted during cryogenic processing. With global helium production estimated at 180 million cubic meters annually, the disruption to Qatar's LNG facilities has removed approximately 5.2 million cubic meters from the market each month—accounting for about a third of global monthly production.Helium is critical for cooling superconducting magnets in MRI and CT scanners, with the average MRI machine requiring about 1,700 liters of liquid helium. The element is also vital to the data center industry, where it conducts heat away from silicon components, preventing damage to semiconductors. Additionally, the natural gas value chain generates petrochemical derivatives that serve as feedstock for manufactured goods, including medical-grade plastics.According to the International Gas Union's 2025 World LNG Report, 411.24 million tonnes of LNG were traded in 2024. The United States emerged as the largest exporter with 88.4 million tonnes, followed by Australia (81 million tonnes), Qatar (77.2 million tonnes), Russia (33.5 million tonnes), and Malaysia (27.7 million tonnes). Together, these top five suppliers account for more than three-quarters of global LNG supply.China was the largest importer with 78.6 million tonnes in 2024, followed by Japan (67.7 million tonnes), South Korea (47.1 million tonnes), India (26.1 million tonnes), and Taiwan (21.8 million tonnes). These top five importers constituted nearly 59 percent of all global LNG imports that year.South Asian nations face particularly severe risks from the current conflict. Pakistan, where natural gas accounts for 28 percent of electricity generation for its 250 million people, and Bangladesh, where gas supplies half of all electricity for its 176 million population, are heavily dependent on Gulf imports. Qatar and the United Arab Emirates supply approximately 99 percent of Pakistan's LNG imports and 72 percent of Bangladesh's.In response to the energy crisis, Pakistan has implemented emergency measures including a four-day workweek for government employees and extended school holidays. Bangladesh has reduced gas supplies and is seeking nearly $2 billion in international loans to fund energy inputs and maintain price stability. India, which relies on Gulf nations for about half of its LNG and generates 5 percent of its electricity from gas, has shifted toward coal usage as LNG disruptions continue.

Meta, the world's most powerful social media company, has faced a severe public reckoning in recent days, with juries in California and New Mexico delivering back-to-back verdicts that hold the company liable for harming young people. This marks a significant shift in accountability for social media companies, which have long operated with minimal regulation and few consequences in the US.In the California case, a jury ordered Meta and YouTube to pay $6 million in damages over claims that they deliberately designed addictive products to hook young users. The following day, a jury in New Mexico ordered Meta to pay $375 million in damages over claims that its products led to child sexual exploitation, among other harms.These verdicts are the first to go to court, and they set a precedent for over 2,000 plaintiffs, including families, school districts, and state attorneys general, who have brought lawsuits against Meta, YouTube, TikTok, and Snap. The cases borrow from a familiar playbook, echoing those brought against big tobacco companies in the 1990s, which focused on cigarettes' addictive qualities and their makers' public denials despite knowledge of their products' harms.Lawyers for the plaintiffs argue that social media companies have profited from targeting children while concealing their addictive and dangerous design features. The verdicts signal that public perception of social media and its makers is shifting, with jurors now laying blame on the business practices of a multi-trillion-dollar industry.Meta and YouTube have both said they disagree with the verdicts and will appeal. However, the rulings mark a significant turning point in the growing scrutiny of social media companies and their impact on young people.The cases are part of a broader effort to challenge tech companies' practices, with online safety advocates urging Congress to pass regulation, forming coalitions of parents, teens, and advocates, and bringing thousands of lawsuits front and center. The goal is to force social media companies to redesign their products and do more to protect children online.

The recent landmark decisions against Meta and YouTube by two US juries have sent a strong message to tech companies. The cases, which focused on the deliberate design of addictive products that harmed a child, have been hailed as a major victory for campaigners pushing for change.In one case, Meta was found liable for $375m in civil liabilities over the use of Facebook and Instagram for child sex trafficking in New Mexico. The state's attorney general is seeking platform changes and financial penalties.The verdicts, which are expected to be appealed, demonstrate a shifting attitude towards tech companies and their responsibility to protect users, particularly children. Internal documents revealing executives' cavalier approach to young people's safety have been made public, providing critics with valuable evidence.While it is too early to declare a reckoning similar to that faced by big tobacco in the 1990s, the current push towards stronger regulation is gaining momentum. Governments and civil society are increasingly holding tech companies accountable for their impact on public health.The precautionary approach to children's safety has been highlighted as crucial, with young minds being particularly vulnerable to the attention economy's assault. Fortunately, governments and courts are taking steps to regulate social media companies and force them to take responsibility for their impact.In Australia, social media companies have been told to leave children alone, while in the UK, the government has issued guidance on screen time and is considering restricting children's use. Design features such as infinite scroll and gaming-type rewards have been identified as key factors in the addictive nature of social media.Ultimately, a whole society approach is needed to reduce our dependence on social media and work out what safeguards are needed for adults and children alike. The events of the past week have made this goal a bit more achievable.

Italian regulators have launched an investigation into Sephora and Benefit Cosmetics, both owned by the French luxury group LVMH, over allegations of using 'covert marketing strategies' to sell beauty products to young girls. The probes aim to determine if these brands have been targeting minors with skincare products, such as face masks, serums, and anti-ageing creams, potentially fuelling an unhealthy obsession with skincare known as 'cosmeticorexia'.The Italian Competition Authority stated that the investigations were opened over concerns that important information – such as warnings and precautions for cosmetics not intended for, or tested on, minors – may have been omitted or presented in a misleading manner. The regulator expressed concerns that the frequent and combined use of a wide range of cosmetics by minors, without proper awareness, may be harmful to their health.The trend of young girls and teenagers being drawn to high-end beauty products has been driven by skincare content produced by beauty influencers, many of whom are tweens and teens themselves. This phenomenon, known as 'Sephora kids', has met a backlash from dermatologists who argue that children do not require beauty products and that this early focus on appearance can create anxiety over how their skin looks.Sephora has previously sought to distance itself from this trend, with its North America CEO, Artemis Patrick, stating in a 2024 interview that 'we do not market to this audience'. However, the regulator alleges that the company has adopted a 'particularly insidious marketing strategy' involving the use of 'very young micro-influencers who encourage the compulsive purchase of cosmetics among young people, a particularly vulnerable group'. LVMH said that it, Sephora, and Benefit would 'fully cooperate with the authorities' but declined to comment further, reaffirming their strict compliance with applicable Italian regulations.

Walking into Scisters Salon & Apothecary in southern California reveals what's immediately absent: no wall of plastic bottles, no chemical tang, and minimal waste. The salon's shelves feature large refill containers of shampoo and conditioner, houseplants adorn the space, and hair clippings are composted. The only trash can is a small basket mostly collecting clients' personal items, creating an environment that co-owner Melissa Parker notes clients immediately comment on: 'It smells good in here.' That never happens in a conventional salon.Opened 15 years ago by Parker and Easton Bajsec in La Mesa near San Diego, Scisters has evolved into one of the region's most prominent low-waste salons, diverting up to 99% of its refuse from landfills. Their business transformation addresses a significant industry problem: the beauty sector generates substantial waste, with North American salons sending an estimated 63,000lbs of hair to landfills daily, plus hundreds of tons of used foil and leftover hair dyes.The turning point came when Bajsec watched a documentary about the zero-waste movement while Parker developed health problems linked to prolonged exposure to salon chemicals. Studies have found that hairdressers' exposure to harmful chemicals such as formaldehyde, ammonia and sulfates puts them at higher risk of asthma, skin conditions, reproductive illnesses and cancer. Rather than leave the industry, they transformed their business.They eliminated perms due to formaldehyde exposure and moved away from big-name products despite green marketing claims. When existing alternatives didn't meet their standards for performance, ingredient transparency and waste reduction, they created their own line. Element, launched in 2019, is made in a California lab and sold in refillable glass and aluminum containers, featuring recognizable ingredients like organic aloe, wheat protein and castor oil.The salon's waste reduction strategies extend beyond product packaging. They implemented hair composting, foil recycling, and replaced waxing with sugaring—a compostable hair-removal technique. They switched to LED lighting, installed water-efficient showerheads, and use washable cloths instead of paper towels. Though they still offer hair bleaching (which releases ammonia), they mitigate risks with industrial air filtration and air-purifying plants.Bajsec acknowledges that 100% zero waste is impossible due to regulatory constraints on reusable gloves and plastic pump tops. The salon ships its minimal plastic waste to Green Circle Salons for specialized processing, paying $200 per box. Despite this cost, Parker notes the overall approach has been financially beneficial: 'Overall, it's actually less expensive. We're not outsourcing to other beauty brands. We're mindful about systems.'Their commitment to sustainability proved critical during the COVID-19 pandemic. When mandatory closures threatened their survival, they pivoted to refill sales, meeting clients in the parking lot. This refill model kept revenue flowing, allowing them to pay full rent while many neighboring tenants struggled. 'Going green has been the greatest thing we've done for our business financially,' Parker says. 'We accidentally created a point of differentiation.'Denise Baden, a professor of sustainable business at the University of Southampton, confirms that eco-friendly practices often reduce costs. 'It's a misunderstanding that to be eco-friendly, you have to spend more money. In fact, usually, it's the reverse,' she notes, adding that hairdressers are uniquely positioned to influence their communities.Now, Parker and Bajsec are helping other salons adopt similar practices through speaking engagements and an online guide. 'We get calls from other salons all the time,' Bajsec says. 'It's not sustainable if we're the only ones doing it.'

A landmark verdict in a social media trial has held Meta and YouTube accountable for deliberately designing addictive products that harmed a young user. The jury awarded the plaintiff $6m in damages, with Meta to pay 70% and YouTube the remainder.Human rights groups, including Amnesty International and Human Rights Watch, have praised the decision, calling it a "watershed moment" for corporate accountability in the digital age. They argue that social media companies must change their design features to ensure children's safety.The plaintiff, a 20-year-old who went by the initials KGM, testified that she became addicted to YouTube at age six and Instagram at nine, which led to a long cycle of depression, self-harm, and body dysmorphia. Plaintiffs have taken issue with features such as infinite scroll and autoplay, arguing that they prioritize engagement over users' well-being.However, not all tech freedom and human rights groups agree on the verdict's implications. Fight for the Future, a US-based digital rights group, has expressed skepticism, worrying that the decision could be used to justify legislative solutions that raise free speech concerns.

The European Commission has initiated an investigation into Snapchat over concerns that the social messaging app is putting children at risk of grooming, sexual exploitation, and other criminal activities. This probe is part of the EU's efforts to enforce its Digital Services Act (DSA), which aims to protect European society from a wide range of internet harms, including child safety provisions to combat cyberbullying, exposure to adult content, and illegal products.In a separate decision, the commission also accused four pornographic websites - Pornhub, Stripchat, XNXX, and XVideos - of failing to prevent minors from accessing adult content, which could lead to mental health issues, negative gender attitudes, and increased tolerance of violent sexual behaviors.The investigations follow a landmark ruling in a Los Angeles court that found two social media companies, Meta and YouTube, had deliberately created addictive products that harmed a young user. The EU is now considering whether to follow Australia and ban social media for under-16s.Snapchat reports 94.7 million monthly users in the EU and is hugely popular among teenagers and young people. However, EU regulators believe the company is failing to ensure its age limit of 13 is respected, and users are not given adequate guidance on privacy and safety features.The commission's tech spokesperson, Thomas Regnier, described the situation as 'quite terrible' in EU member states, citing statistics on the prevalence of minors accessing pornographic websites. The companies may now examine the findings and mount a defense, before any final decision is taken. If the complaint is upheld, the four websites could be fined up to 6% of global annual turnover.

The House of Lords has backed an Australian-style social media ban for under-16s, with peers voting 266 to 141 against proposals for a public consultation.Conservative former minister Lord Nash said the vote sent an 'unambiguous message' to the government, emphasizing that 'hollow promises and half-measures are not enough.'The vote comes after a jury in Los Angeles found that Meta, the owner of Google and Facebook, designed deliberately addictive products that harmed a 20-year-old's mental health.Nash proposed the age limit as part of the children's wellbeing and schools bill, stating that 'techies' had taken a 'cavalier approach' to content damaging to children.The decision could influence thousands of similar lawsuits in the US accusing social media companies of deliberately causing harm.Lady Cass, a paediatrician and crossbench peer, criticized the government for 'failing to understand the impact of social media on our children.'

The US-Israel war on Iran has effectively closed the Strait of Hormuz, a critical shipping route for materials used in the production of various everyday products. As the conflict enters its fifth week, global oil shortages are forcing countries to take severe measures to conserve their reserves. While US gas prices have surged to their highest level in years, the impact of rising oil prices extends far beyond drivers. Oil is a crucial component in the supply chain, powering machines that manufacture goods and fueling trucks that transport them to stores. The price increases come at a time when many Americans are already strained by rising housing costs, grocery bills, and electricity statements. A recent Gallup poll found that a third of Americans have had to skip meals and forego other needs to afford their healthcare. Oil and Gas The average cost of gas in the US has jumped about 30% over the last month, with the national average hitting $3.97, the highest since 2023. Diesel, which fuels many trucks transporting goods, has increased by about 50%, or $1.69 more than it did a year ago. Higher diesel costs could soon affect transportation costs and grocery prices, as roughly 85% of agricultural goods are transported by trucks. The impact of oil and gas shortages on the supply chain can be categorized as first-order effects, such as higher prices at the gas pump, and second-order effects, including potential price increases for crops, semiconductor chips, and medical devices. Fertilizer Farmers are struggling as the spring growing season approaches, facing higher fertilizer costs and falling commodity prices. A third of global urea trade, a solid nitrogen fertilizer, passes through the Middle East region, with about 20% of imported fertilizer to the US coming from Qatar. Nitrogen fertilizer is critical to grow corn, which is cultivated by about 500,000 farmers in the US. The White House has promised to minimize disruptions to the US economy, with alternative sources of fertilizer being sought from around the world. Helium The conflict has disrupted the global helium supply after Iranian attacks in Qatar, the second-largest producer of helium after the United States. Helium is a key import used in aerospace, magnetic resonance imaging (MRI), and semiconductor chips that power AI. Jet Fuel Increases in oil prices could result in higher airfare and shipping costs. The price of jet fuel has doubled since the start of the war, according to the International Air Transport Association. United Airlines announced last Friday that it would have to cut flights due to the surging cost of fuel. < h2>Mortgage Rates Just as US mortgages were starting to fall in February, the average 30-year fixed mortgage rate ticked up to its highest level in months, reaching 6.22%. Mortgage rates are closely tied to the overall state of the economy, and the US Federal Reserve's decision to leave rates unchanged last week cited uncertainty in the economy, particularly with conflict in the Middle East.