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The recent developments in the conflict between the US and Iran have left global markets reeling. President Donald Trump's threat to attack Iran's civilian power infrastructure led to a surge in oil prices, a plummet in stock futures, and a climb in bond yields. However, the president quickly walked back his statement, announcing that talks with Iran were going well. This move, dubbed 'Taco' (Trump Always Chickens Out), was first seen during the tariffs crisis last year. The immediate market reaction was significant, with bonds and stocks recovering rapidly after Trump's statement. The S&P; 500 stock index jumped 1.5% by 9:30 am in New York, defying earlier futures contracts that signaled a 1% daily decline. However, Iran's response has shown that Trump's tactic may be losing steam. Iranian officials denied the 'productive conversations' Trump claimed had taken place, and launched missile attacks on Israel, Iraq, and other American allies in the Gulf. This has led to renewed market volatility, with oil prices rebounding and stocks giving up their gains. The article suggests that Trump no longer has control of events in Iran and that the conflict's outcome will likely be decided by Tehran. The Iranian regime has little incentive to back down, having already suffered significant losses but still capable of imposing enormous costs on the world by throttling the Strait of Hormuz and depriving the global economy of 12.5 million barrels of oil and 11.5 billion cubic feet of gas per day. As markets continue to react to the situation, it appears that Trump's 'Persian Tacos' may not be enough to calm investor nerves. The S&P; index lost 1.78% on Thursday, closing at a new low for the year, and the price of Brent crude hovered around $108.

The International Olympic Committee (IOC) has come under fire for its new guidelines on transgender athletes, which have been criticized by over 100 human rights, sports, and scientific groups. The guidelines, announced on Friday, mandate genetic sex tests for all athletes competing in women's categories and impose blanket bans on people who identify as transgender, intersex, or with sex differences.The new policy has been deemed 'a blunt and discriminatory response that is not supported by science and violates international human rights law.' Professor Paula Gerber, an international human rights lawyer at Monash University, stated that 'mandatory genetic sex testing and rigid biological criteria as a condition for participation in the women's category violates fundamental and universal human rights … including the right to equality, non-discrimination, dignity, privacy, and bodily autonomy.'The guidelines have also been criticized for their potential impact on intersex athletes and women of color, who may be disproportionately targeted due to their appearance. Dr. Ada Cheung, a professor of endocrinology at the University of Melbourne, noted that 'the best available data … shows that transgender women receiving gender-affirming hormone therapy are not meaningfully different from cisgender women in key performance-related measures.'The Australian Olympic Committee (AOC) has expressed support for the new guidelines, with president Ian Chesterman stating that they provide 'clarity for elite female athletes who compete at the highest level and demonstrates a commitment to fairness, safety and integrity in Olympic competition.' However, Nikki Dryden, a human rights lawyer and former Olympic swimmer, argued that the guidelines 'will be unlawful in Australia' and 'create a culture where someone like a coach, an official, or even another parent, feels entitled to question whether your daughter 'looks female enough' to belong.'

As its title suggests, this musical about Claude Monet is full of reflections – fittingly so given the artist's preoccupation with light. In 1916, while struggling to complete The Water Lilies with cataracts, the ageing painter (Jeff Shankley) retreats into memories of his early career. His single-minded younger self (Dean John-Wilson) may be about to change art forever, but looking back, all Monet sees is the personal cost of his drive, particularly his mistreatment of his first wife, muse and mother of his children, Camille (Brooke Bazarian).For a man usually defined by his success, this alternative reflection is refreshing. Also bouncing back at Monet are his peers' struggles, the artistic establishment's dismissal of impressionism, and art's relationship to war and women. So abundant are these reflections, in fact, that Carmel Owen's ambitious book at times becomes a house of mirrors – enticing but with a distractingly split focus.There are certainly strengths, though, not least Libby Todd's set: a floor-to-ceiling jumble of empty canvases, which fill with huge impressionist paintings, vivid washes of coloured light and animated backdrops rendered in flickering brushstrokes. It's an invitation to step inside the artistic movement that favoured feeling over realism.Director Christian Durham has an accomplished cast on his hands. Shankley brings moving introspection (and a brilliant turn as a sniffy Paris salon clerk), while Bazarian and John-Wilson deliver standout singing on a stage full of mighty voices. Their connection, however, is outshone by those between young Monet and his fellow impressionist upstarts Bazille (a lovable Ritesh Manugula) and Renoir (a breezy Sam Peggs), whose moments together are the show's strongest. They fizz with the impatience of young rebellion, and their bickering, which provides much-needed moments of gentle humour, gives way to genuine devotion.An excellent eight-piece orchestra takes on Owen's songs, which lead us aptly through the story's tonal beats – lush strings for young love; jaunty woodwind for bantering artists. But none are distinctive enough to reach the heights of "hum it all the way home".Like Monet's, this musical's ambition sometimes comes at a cost, but it still lands in a place of beauty and deep feeling.

Israel stands as the sole nation where overwhelming public support exists for the conflict with Iran, despite the profound impact on daily life. At least 15 people have been killed and hundreds injured by Iranian missiles since the war began in February, with school closures and missile warnings becoming routine. Polling indicates that more than 90% of Jewish Israelis back the war, a figure that sharply contrasts with international sentiment.The global perspective reveals a dramatically different picture. Nearly a month into the fighting, polling shows that 60% of the US public opposes the war with Iran, and just one in four Americans backed the initial strikes. In the Gulf, Europe and Asia, the conflict is widely unpopular as severe economic consequences begin to manifest.According to Emma Graham-Harrison, The Guardian's chief Middle East correspondent based in Jerusalem, many Jewish Israelis view themselves as under siege in a hostile world since the October 2023 massacre. This perception has led many to conclude that an aggressive security policy is the only way to ensure safety, regardless of international reaction.There's a prevailing sentiment in Israel that short-term suffering will lead to long-term security, despite security experts questioning whether Israel has a clear strategy to convert tactical achievements into lasting security. Life in Jerusalem remains restricted, with many working from home and limitations on businesses from cafes to gyms.The public support for the war has not translated into improved political fortunes for Prime Minister Benjamin Netanyahu, who currently lags in polls for the upcoming general elections. While there is majority support for Netanyahu's decision to launch the war and his handling of it, even among those who don't want to give him another term, his coalition faces challenges in securing enough seats to return him to power.Some Israeli supporters of the war worry that Netanyahu's push to attack Iran has jeopardized the country's crucial relationship with the United States. Historically, Israel's foreign policy has been based on bipartisan ties, but Netanyahu has effectively abandoned that approach to cultivate an extremely close relationship with Trump.Israel's isolation is becoming increasingly apparent as the conflict continues. Unlike historical precedents where Israel achieved security through negotiated agreements with Jordan and Egypt, the current approach emphasizes military power above diplomatic solutions. This isolation is reflected in the fact that Israel may be the only place in the world with broad support for this war, with populations in Lebanon and Iran experiencing the conflict as horrific.

Donald Trump has launched a scathing attack on the UK's military capabilities, describing its aircraft carriers as 'toys' compared to those of the US. Speaking at the White House, Trump claimed that the UK had offered to send two aircraft carriers to support US military actions against Iran, but he had rejected the offer, saying 'Don't bother, we don't need it.'The comments have sparked a fresh row between Trump and UK Prime Minister Keir Starmer, who has refused to engage directly with the US president's repeated insults. Starmer has emphasized his focus on addressing the UK's domestic priorities, including the cost of living crisis, and has reiterated his commitment to defending British interests while avoiding escalation.Tensions between the US and UK have been rising over Nato's role in the conflict with Iran. Trump has expressed disappointment with Nato allies, accusing them of not doing enough to support the US. He also criticized Starmer for not providing sufficient support, saying 'He's not exactly Winston Churchill.'In response, Starmer has reaffirmed the UK's commitment to its Nato allies while emphasizing the need to address the threat posed by Russia. During a visit to Finland, Starmer warned of a 'war on two fronts' – Ukraine and Iran – and highlighted the importance of cooperation between Nato allies to counter these threats.The UK has deployed a warship, HMS Dragon, to the eastern Mediterranean in response to an Iranian-made missile launch from Lebanon at a UK RAF base in Cyprus. Officials are also considering deploying a Royal Navy vessel to support efforts to reopen the Strait of Hormuz, a critical waterway for global energy supplies.

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.'

UK Prime Minister Keir Starmer has announced plans to address addictive features in social media platforms, signaling a potential regulatory shift following a significant US court ruling that held Meta and YouTube accountable for harms caused by their technology designs.The prime minister emphasized that the recent California court verdict reflects rising public expectations for more aggressive regulation of social media platforms. "I'm absolutely clear that we need to go further," Starmer stated, adding that "the status quo isn't good enough" in terms of protecting children online.Starmer specifically mentioned that the government is consulting about banning social media for under-16s and expressed strong commitment to addressing addictive features within social media platforms. These remarks come amid growing international pressure on tech companies to address the potential harms of their products on young users.In the landmark US case, a California jury found Meta and YouTube negligent for failing to provide adequate warnings about the potential dangers of their platforms. The plaintiff, a 20-year-old woman who claimed she became addicted to social media during her childhood, was awarded $6 million (£4.5 million) in damages, with Meta responsible for 70% of the payment and YouTube covering the remainder.The Duke and Duchess of Sussex welcomed the verdict as "a reckoning" for tech companies, stating in a joint statement: "For too long, families have paid the price for platforms built with total disregard for the children they reach." They emphasized that "today, the truth has been heard and precedent has been set" regarding children's safety versus corporate profits.Both Google, which owns YouTube, and Meta have indicated they will challenge the decision. Google claimed the case "misunderstands YouTube, which is a responsibly built streaming platform, not a social media site," while Meta stated it "respectfully disagrees with the verdict and is evaluating our legal options." The verdict came after nine days of deliberation in the first lawsuit concerning social media's alleged harm to young people to reach trial.The ruling has resonated beyond the courtroom, with European Commission digital chief Henna Virkkunen noting that such cases send "a very clear message" to online platforms about the risks they pose. Campaigners for safer social media have celebrated the decision as a potential watershed moment in regulating platforms like TikTok, Instagram, and X.The Molly Rose Foundation, established after the death of 14-year-old Molly Russell who was exposed to harmful content on Instagram, called for legislation that would make "safety and wellbeing the price for tech firms to pay for doing business in the UK." Thomas Lancaster, a computing expert at Imperial College London, emphasized that policies must be effectively enforced to protect those they're designed to safeguard.Sacha Haworth, executive director of the Tech Oversight Project, declared that "the era of big tech invincibility is over," suggesting that the verdict validates concerns about tech platforms' impact on young people that have been raised for years.

A recent Australian Senate inquiry has concluded that the country's climate change and energy 'information ecosystem' is fuelling conflict in communities, with misinformation and disinformation confusing the public, slowing renewable energy projects, and undermining policy responses to the climate crisis.The inquiry's final report, released on Tuesday evening, recommended that the government do more to make tech companies liable for 'psychosocial harms' spread on their platforms. It also suggested strengthening media literacy through the national curriculum and greater oversight when corporations engage with classrooms.The committee recommended more funding for research into mis- and disinformation, with a funding model to be developed for an independent effort to 'track hidden digital influence systems'. The Australian government should also sign a UN declaration, launched in Brazil in 2025, promising a series of actions aimed at combating climate mis- and dis-information.The use of artificial intelligence by groups looking to block progress on climate change was likely to further threaten the integrity of information the public received, the inquiry heard. The committee's Greens and Labor members endorsed the report, but some members felt it did not go far enough in addressing the issue.The inquiry's findings have significant implications for Australia's renewable energy future and its ability to address the climate crisis. As climate disinformation continues to evolve into a national security challenge, the Australian government must take urgent action to protect the integrity of information and promote a safe climate future.

Japan will begin releasing its largest-ever oil reserves this week, according to Prime Minister Sanae Takaichi. The decision aims to cushion the country against possible energy shortages triggered by the ongoing US-Israel war on Iran and its impact on tanker traffic through the Strait of Hormuz. The government has approved the release of 15 days' worth of private-sector reserves and will start releasing state-owned reserves on Thursday. This move follows concerns that the conflict in the Middle East will continue to disrupt oil supplies. Japan, a resource-poor nation with a significant economy, imports over 90% of its crude oil from the Middle East, making it particularly vulnerable to supply chain disruptions in the region. The release includes about 80 million barrels of stockpiled oil, equivalent to 45 days of domestic demand. This is 1.8 times the quantity made available after the Fukushima Daiichi nuclear power plant disaster in 2011. As of last year, Japan held reserves of approximately 470 million barrels of oil, enough for 254 days of domestic consumption. In addition to the oil reserve release, the government has introduced subsidies for fuel products to cap gasoline prices at about ¥170 ($1.10) per liter. This move comes after the average retail price of gasoline reached a record ¥190.8 per liter. The subsidies will be reviewed weekly based on oil prices. The Strait of Hormuz crisis has also triggered concerns among Japanese consumers about the availability of essential goods, including toilet paper. In response, the trade and industry ministry has advised consumers against hoarding toilet paper, urging them to make rational purchasing decisions based on accurate information.