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Ukrainian unmanned aircraft have targeted the Russian Baltic port of Ust‑Luga for the fifth time within a ten‑day span, intensifying Kyiv's campaign against Russia's oil‑export infrastructure. Regional governor Alexander Drozdenko reported that three individuals, two of them children, received medical care after the latest overnight raid, and several structures sustained damage. He added that regional air‑raid alerts have since been lifted, though details on port damage remain scarce. Located on the southeastern coast of the Gulf of Finland, Ust‑Luga comprises an extensive network of oil‑processing plants and export terminals. The facility moved 32.9 million metric tonnes of oil products in the previous year and typically handles around 700,000 barrels of crude oil per day. The series of strikes on March 22, 25, 27, 29 and 31 forced temporary suspensions of export operations. According to market‑based calculations, the cumulative effect of drone attacks, a contested pipeline strike and the seizure of tankers has halted roughly 40 % of Russia's oil export capacity. The disruption has contributed to a surge in global oil prices, with Brent crude climbing above $116 a barrel – its highest level in nearly two weeks amid escalating conflicts involving the United States, Israel and Iran. While Kyiv continues to press its aerial campaign, the European Union dispatched senior diplomats, including top envoy Kaja Kallas, to the Ukrainian capital. Their visit, timed with the fourth anniversary of the Bucha massacre, underscored EU commitment to holding Russia accountable for alleged war crimes. Kallas posted on X, describing Bucha as a symbol of Russian brutality, and affirmed that the EU will not allow such atrocities to go unpunished. Ukrainian Foreign Minister Andrii Sybiha echoed the message, urging international partners to keep their focus on Ukraine despite the widening war in the Middle East. Financially, the EU’s planned €90 billion loan for Ukraine has been stalled by Hungarian Prime Minister Viktor Orban, who objects to Russia's oil transit through the Druzhba pipeline and is also impeding Ukraine's EU accession talks. In parallel, Kyiv announced that its air‑defence forces intercepted 267 of 289 Russian drones launched overnight, while Russian officials claimed control of the village of Mala Korchakivka in the Sumy region. The convergence of intensified drone attacks on Russian oil assets, soaring energy prices, and high‑level EU diplomatic activity highlights the expanding geopolitical ripple effects of the Ukraine conflict across Europe and the broader Middle‑East theater.

The United States Department of Defense has strongly denied allegations that a broker for Defence Secretary Pete Hegseth attempted to make a large investment in weapons companies in the run-up to the war on Iran. The denial comes after a report by The Financial Times claimed that a wealth manager for Hegseth contacted BlackRock about making a multimillion-dollar investment in a defence-related fund.Pentagon spokesman Sean Parnell demanded the immediate retraction of the report, stating that the allegations were 'entirely false and fabricated.' He emphasized that neither Secretary Hegseth nor any of his representatives approached BlackRock about any such investment.The proposed investment was reportedly in an exchange-traded fund whose holdings include Lockheed Martin and Northrop Grumman. However, according to The Financial Times, the investment did not go ahead because the fund was not yet available for purchase at the time.The report has sparked scrutiny of well-timed trades in financial and prediction markets, fueling speculation that figures with insider knowledge may be profiting from US President Donald Trump's war plans.Despite the denial, the incident has raised concerns about the integrity of defence-related investments and the potential for insider trading.

Unilever’s latest strategic move pairs its food portfolio – home to brands such as Hellmann’s, Knorr and Marmite – with US condiment specialist McCormick in a deal valued at $44.8 bn. While the transaction will deliver $15.7 bn in cash to Unilever, the bulk of the consideration is equity‑based, giving Unilever shareholders a 55% stake in the enlarged McCormick and leaving Unilever itself with a modest 10% holding. The structure marks a departure from Unilever’s recent clean‑break divestitures, such as the outright sales of its Flora spreads and Lipton tea businesses and the spin‑off of its ice‑cream division (including Ben & Jerry’s) last year. Instead, investors now face a complex share‑exchange that ties their fortunes to a company that will assume significant debt to fund the acquisition. CEO Fernando Fernández framed the transaction as “another decisive step in sharpening our portfolio”, yet market reaction was swift: Unilever’s share price slid 7% on the announcement. The decline underscores investor scepticism that the merger will unlock genuine value. From a financial perspective, Unilever’s food arm contributes annual sales of $12 bn – outpacing McCormick’s $8 bn – and enjoys higher growth (2.7% vs 2%) and superior margins (24% vs 17%). These metrics suggest Unilever could have retained a more profitable segment rather than ceding control to a partner with weaker performance indicators. Critics argue that the combined entity will be a sprawling conglomerate of global powerhouses like Hellmann’s and Knorr alongside niche brands such as French’s mustard and Old Bay seasoning. The anticipated synergies, described by McCormick’s Brendan Foley as “maximal adjacency” and “end‑to‑end flavour experiences”, remain unproven, especially given the modest cash component and the dilution of Unilever’s ownership. Ultimately, the success of the merger hinges on whether the new food business can generate growth that justifies the equity swap and the added debt burden. For now, the market’s 7% share‑price dip reflects a cautious outlook on the promised “trapped value” that Unilever hopes to unlock.

Israel has announced plans to occupy swathes of southern Lebanon, aiming to expand its buffer zone and prevent the return of approximately 600,000 residents. The move has raised concerns of long-term forced displacement and potential war crimes.Defence Minister Israel Katz stated that Israel will control the area up to the Litani River, about 19 miles from the Israel-Lebanon border, and destroy homes along the border. This approach has drawn criticism from Human Rights Watch, which warns that such actions could amount to forced displacement and wanton destruction, both considered war crimes.The conflict escalated after Hezbollah launched rockets at Israel on March 2, prompting an Israeli military campaign in Lebanon. The immediate goal is to push Hezbollah back from the border to prevent rocket fire into northern Israel. Israeli Prime Minister Benjamin Netanyahu has instructed the military to expand the buffer zone, though specifics remain unclear.The situation on the ground is dire, with over 1,268 people killed in Lebanon by Israeli actions, according to Lebanon's ministry of health. Additionally, 10 Israeli soldiers have been killed by Hezbollah, and two civilians in northern Israel have been killed by Hezbollah rocket fire. The conflict has also resulted in over 1 million displaced people, with many lacking official state shelters.The international community has condemned the violence, with the UN undersecretary-general for peace operations, Jean-Pierre Lacroix, calling the attacks on peacekeepers “unacceptable incidents” that must stop. The EU and the UN Security Council have also responded, with the latter holding an emergency session at France's request.

The Australian government has accused major tech firms, including Meta, TikTok, and Google, of failing to comply with a landmark ban on under-16s using social media. The ban, which came into effect last December, aims to protect children from the potential harms of social media.A survey of 900 Australian parents found that around a third (31%) said their children still had one or more social media accounts after the ban, compared to 49% before the laws. Specifically, the survey revealed that 70% of under-16s who had accounts on Instagram, Snapchat, and TikTok before the ban maintained access.The eSafety Commission claimed that the technology being used by these companies, such as facial age estimation, was not effective enough. The commission alleged that the firms had lax guardrails which allowed teens to repeatedly attempt age verification until they were successful. 'None of this is impossible. None of this is even difficult for big tech who are innovative billion-dollar companies. What this update shows is unacceptable,' said Australia's communications minister, Anika Wells.The social media minimum age laws specify that Facebook, Instagram, Snapchat, Threads, TikTok, Twitch, X, YouTube, Kick, and Reddit are 'age-restricted platforms', banning under-16s from holding accounts and requiring those companies to take reasonable steps to prevent children from opening or holding accounts. The laws carry a maximum A$49.5m (US$33.9m, £25.7m) penalty.In response, Meta said it was committed to complying with the social media ban and working with eSafety and the government. The company highlighted the challenge of accurately determining age online, particularly at the age-16 boundary. 'The most effective, privacy-protective and consistent approach is to require robust age verification and parental approval at the app store and operating system level before a teen can download an app or create an account,' Meta stated.TikTok and Google were contacted for comment but did not respond by publication time. The government said in January that more than 4.7m social media accounts were deactivated, removed, or restricted in the first days after the ban came into effect.

Within its opening weekend on Netflix, Peaky Blinders: The Immortal Man attracted over 25 million streams, outpacing all other titles that week despite already enjoying a UK cinema run and a high‑profile red‑carpet premiere at Birmingham’s Symphony Hall.Banijay Entertainment, a co‑producer of the film, capitalised on the buzz by launching an official Peaky Blinders merchandise store, underscoring how streaming services are now flipping the classic content pipeline—moving from streaming to the big screen rather than the reverse.Beyond promotional stunts, these theatrical forays are becoming a strategic revenue stream and franchise‑building tool. Shows such as Stranger Things, KPop Demon Hunters and The Mandalorian are being repackaged for cinemas, offering fans a premium, event‑style experience that streaming alone cannot replicate."Cinema still creates anticipation, hype and a sense of scarcity that streaming platforms struggle to match," explains Ben Woods, analyst at MIDiA Research. Historically, Netflix limited theatrical releases to qualify films like The Irishman for awards, but the current focus is on monetising proven intellectual property across both mediums.The success of Peaky Blinders—a series with a built‑in audience—demonstrates the model’s viability. Lead actor Cillian Murphy, who also produced the film, described the release as "one for the fans," signalling the intent to reward loyal viewers.Netflix’s own experiment with KPop Demon Hunters proved lucrative: limited theatrical screenings across two weekends generated more than $24 million (£18 million) at the box office and helped the animated musical secure two Academy Awards for Best Animated Feature and Best Original Song.Co‑CEO Ted Sarandos highlighted that the film’s triumph stemmed from its initial Netflix debut, which fed the theatrical audience via the platform’s recommendation engine. While a sequel is slated to follow the same streaming‑first rollout, the Peaky Blinders movie’s cinema‑first launch shows that release strategies remain flexible.Industry observers note that gaps in the traditional release calendar give streaming services opportunities to fill weekends with original content, a tactic Netflix is actively exploiting.Major studios are also blurring the line between streaming and cinema. Disney, for example, transformed its hit Disney+ series The Mandalorian into a feature film, reflecting a broader push to bring Star Wars stories back to theatres.Adapting episodic narratives for the big screen presents creative challenges. As Ben Woods asks, should a film cater primarily to dedicated fans familiar with the series, or aim for a stand‑alone appeal that attracts a wider audience?Fan reaction to The Immortal Man has been mixed on the Peaky Blinders subreddit, with some critics questioning the decision to condense a season‑long arc into a single film. Nonetheless, the movie enjoys a strong critical consensus, holding roughly a 90 % fresh rating on Rotten Tomatoes.Looking ahead, Netflix announced on 20 March that two new post‑war seasons of Peaky Blinders are in development, raising the question of how soon the next installment might receive a cinematic spin‑off.

US President Donald Trump has stated that his 'preference would be to take the oil' in Iran, sparking concerns about the potential for a US invasion or occupation of the country. Iran is one of the world's biggest oil producers, holding around 24 percent of the Middle East's and 12 percent of the world's proven oil reserves, with about 157 billion barrels of proven crude oil.The Trump administration has threatened to target Iran's energy infrastructure, including oil wells, if Tehran does not reopen the Strait of Hormuz, which has been under a de facto Iranian blockade for weeks, triggering a global energy crisis. The US has also unveiled plans to prepare for limited ground operations in Iran, potentially including raids on Kharg Island and coastal sites near the Strait of Hormuz.Seizing Iranian oil would not be easy, as the US would have to occupy Iran's oil production sites and refineries, essentially occupying mainland Iran. However, if the US were to lift sanctions on Iranian oil after seizing it, it could lead to a flow of more Iranian oil into global markets, bringing down oil prices.The US-Israeli war on Iran has already sent global oil prices soaring, with benchmark Brent crude rising to more than 3 percent on Monday to $116 a barrel – the highest level in nearly two weeks. The oil price was about $65 per barrel before the war.In 2023, Iran's gross domestic product (GDP) was around $457.5bn, according to World Bank data. Iran's net oil export revenues were estimated at $53bn, equivalent to roughly 12 percent of Iran's GDP.This is not the first time the US has shown an interest in Iranian oil. In 1953, the government of Mohammad Mossadegh, Iran's first democratically elected prime minister, was toppled in a CIA-orchestrated coup after he nationalised the British-controlled firm Anglo-Iranian Oil Company (AIOC), the predecessor of modern-day BP.

Every year on March 30, Palestinians observe Land Day, or Yom al-Ard, recalling the events of 50 years ago when Israeli forces killed six unarmed Palestinians and injured over 100 during protests against Israel's confiscation of Palestinian land.On March 30, 1976, Israel ordered the confiscation of 2,000 hectares (4,942 acres) of land belonging to Palestinian citizens of Israel in the Galilee, as part of its policy to Judaise Galilee following the creation of the State of Israel.The protests, which were concentrated in the Palestinian towns of Sakhnin, Arrabeh, and Deir Hanna, were met with brutal force by Israeli authorities. The confiscated land is roughly the size of 3,000 football pitches or the area from the southern tip of Manhattan to the start of Central Park in New York.Palestinians, both in Israel and across the occupied Palestinian territory, mark this day by holding protests, vigils, and planting olive trees to reaffirm their connection to the land. However, these protests are often met with brutal use of force by Israel.Israel has continued to seize large swaths of Palestinian land, designating them as military zones, state land, and other labels. Recently, on February 8, 2026, Israel's security cabinet approved measures to expand its powers across the occupied West Bank, including easing the sale of Palestinian land to Israeli settlers.Rights groups and several countries have condemned Israel's land grab, calling it “de facto annexation” and a “deliberate and direct attack” on the viability of a Palestinian state. Since October 7, 2023, Israel has ramped up both formal settlement approvals and informal outpost establishments.According to Peace Now, an Israeli anti-settlement group, Israel approved 12,349 housing units in 2023, 9,884 in 2024, and a record 27,941 in 2025. In December, Israel's security cabinet approved plans to formalize 19 illegal settlements across the occupied West Bank.

London's Metropolitan Police have made a significant U-turn in their policy towards Palestine Action supporters, arresting 18 individuals who protested outside the Met's headquarters, New Scotland Yard. The protesters, holding signs that read 'I oppose genocide. I support Palestine Action,' were arrested under terrorism legislation.The arrests come after the Met had previously stated they would adopt a 'proportionate approach' and stop arresting Palestine Action supporters following a High Court ruling in February that deemed the ban on the group as a terrorist organization unlawful. However, Deputy Assistant Commissioner James Harman announced that the force would resume arrests, citing the need to 'enforce the law as it is at the time, not as it might be at a future date.'The move has drawn sharp international criticism, including from the UN, which has warned that the ban appears 'disproportionate and unnecessary.' Amnesty International has also intervened in the court case, stating that thousands have been 'arrested for something that should never have been a crime.'The arrests took place as the rest of the city was filled with demonstrators marching against the far right. A mass sign-holding event, titled Everyone Day, has been called by Defend Our Juries at Trafalgar Square on April 11, as the government's appeal heads to court.