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The International Energy Agency (IEA) has sharply cut its forecasts for global oil supply and demand growth, citing disruptions caused by the US-Israel war on Iran that are impacting oil flows and weighing on the global economy.According to the IEA's report, global oil demand is expected to fall by 80,000 barrels per day (bpd) this year, a significant drop from the projected year-on-year rise of 640,000 bpd in its previous monthly report.The forecast comes after the International Monetary Fund, World Bank, and IEA urged countries to avoid hoarding energy supplies and imposing export controls that could exacerbate the shock. IEA chief Fatih Birol appealed to all countries to let energy stocks flow to the markets, warning that demand destruction will spread as scarcity and higher prices persist.The IEA report highlighted that the deepest cuts in oil consumption have come from the Middle East and Asia Pacific, particularly for naphtha, LPG, and jet fuel. A projected 1.5 million bpd drop in demand in the second quarter of this year would mark the deepest contraction since the COVID-19 pandemic.The Organization of the Petroleum Exporting Countries (OPEC) also lowered its prediction for world oil demand in the second quarter, but kept its full-year outlook unchanged. The IEA noted that attacks on energy infrastructure in the Middle East and Iran's closure of the Strait of Hormuz have led to the largest oil supply disruption in history, with 10.1 million bpd lost in March.Iran's de facto control over the Strait of Hormuz, a key route for global energy shipments, sent gas and petrol prices skyrocketing around the world. The US blockade on Iranian ports has further clouded the outlook for global energy security and the supply of goods that rely on petroleum.The IEA warned that oil demand could plunge even further if the strait remains closed, and emphasized that resuming flows through the Strait of Hormuz remains the single most important variable in easing pressure on energy supplies, prices, and the global economy.Meanwhile, Russia has benefited from the disruptions, with its revenues from crude oil and refined products rising in March due to the surge in prices. Moscow's crude oil exports rose by 270,000 bpd last month to 4.6 million bpd, driven by higher seaborne shipments.

Brazilian President Luiz Inacio Lula da Silva has requested the extradition of former intelligence chief Alexandre Ramagem from the United States. Ramagem was detained by US Immigration and Customs Enforcement (ICE) in Florida on Tuesday.Lula expressed optimism that Ramagem would be returned to Brazil, stating, "I believe Ramagem will come back to Brazil; he has to come back to serve his sentence."Ramagem fled Brazil in September after being sentenced to 16 years in prison for his involvement in a coup plot in support of former right-wing president Jair Bolsonaro. The plot allegedly included plans to have Lula killed.Brazil has previously requested Ramagem's extradition, and Lula attributed his arrest to his conviction in Brazil. Ramagem also faces allegations of spying on Bolsonaro's political rivals during his tenure as head of Brazil's top intelligence agency, ABIN.Bolsonaro himself is currently serving a 27-year sentence in Brazil for his role in the coup plot. US President Donald Trump previously sanctioned members of the Brazilian judiciary involved in the case and imposed heavy tariffs on Brazil, but relations have since improved.The US and Brazil have recently announced a joint effort to crack down on drug and weapons shipments, marking a new chapter in their bilateral relationship.

The ongoing conflict in Sudan has been marked by a catastrophic humanitarian crisis, with 14 million people forced to flee their homes and tens of thousands reported missing. As the conflict enters its fourth year, the UN's top official in Sudan, Denise Brown, has expressed her concern over the apparent lack of political urgency to end the war.Brown described the situation as 'bloody unacceptable,' stating that it seems the world focuses on other crises and fails to find solutions for Sudan. The conflict between the paramilitary Rapid Support Forces (RSF) and the Sudanese army has killed at least 150,000 people and left 33 million in need of assistance.New research by Islamic Relief reveals that almost half of Sudan's vital community kitchens have closed in the past six months, exacerbating hunger and the threat of famine. Other studies corroborate the food crisis, with millions surviving on a single meal a day. The conflict has also led to the deliberate targeting of Sudan's health infrastructure, with 37% of hospitals deemed 'non-functional' and over 200 documented attacks on health facilities.The war has set Sudan's economy back more than 30 years, according to a detailed assessment by the UN Development Programme and the Institute for Security Studies. If the conflict continues until 2030, an additional 34 million people could be pushed into deprivation. Investigators are attempting to track down tens of thousands of civilians reported missing or forcibly disappeared since the start of the war.Cases of missing persons recorded by the International Committee of the Red Cross (ICRC) in Sudan stand above 11,000 – an increase of more than 40% during the last year – with the true figure believed to be many times higher. The ICRC helped 62,000 families track down relatives who had gone missing last year.The issue of funding has become increasingly critical, with overall funding for Sudan's humanitarian plans now only 16% met this year. The UN agency for children, Unicef, noted that even the modest amounts forthcoming are becoming less impactful due to increasing transport costs.

According to a recent report, the cost of a round‑trip train ticket from New York City’s Penn Station to MetLife Stadium could surge sevenfold to more than $100 during the 2026 FIFA World Cup.The Athletic cited sources familiar with NJ Transit’s pricing strategy, noting that the agency told Fox 5 New York the exact fare has not yet been finalized, with a decision expected in the coming days.At present, NJ Transit lists a standard round‑trip fare at $12.90, with discounted rates for children, seniors and passengers with disabilities. The proposed increase would eliminate these reduced‑price options, pushing the ticket price above the six‑figure mark for a single journey.Transportation costs have become a focal point of the World Cup debate, joining concerns over the sky‑high match tickets. For context, the Massachusetts Bay Transportation Authority recently raised its Boston‑to‑Gillette Stadium fare from $20 to $80 for the tournament.New Jersey Governor Mikie Sherrill emphasized her commitment to protecting taxpayers, stating that the state will not subsidize travel for World Cup spectators."When I came into office about two months ago, I immediately got to work on the World Cup," Sherrill said. "One of the key things I wanted to make sure of was that we were not going to be paying for moving people who were viewing the World Cup on the backs of New Jersey taxpayers and New Jersey commuters."NJ Transit estimates that operating its services for the eight World Cup matches at MetLife—including the July 19 final—will cost roughly $48 million.The agency added, "The ticket prices for match‑day travel have not been finalized. However, as the Governor has clearly stated, the cost for the eight matches will not be borne by our regular commuters."In February, Governor Sherrill cancelled a planned $5 million fan festival at Liberty State Park, redirecting the funds toward smaller watch parties and events across the state.Officials anticipate tens of thousands of fans will rely on the rail network to reach MetLife, especially as parking availability will be sharply reduced compared with typical concert or NFL game days. NorthJersey.com reported that portions of Penn Station will be reserved exclusively for World Cup ticket‑holders for a four‑hour window before each of the eight matches.

BP has announced that it expects to post 'exceptional' earnings from its oil trading desk, capitalizing on the turbulent energy markets caused by the ongoing conflict between the US and Israel against Iran. The company's refining margins have strengthened, contributing to the optimistic forecast.The surge in oil prices is primarily attributed to the effective closure of the strategic Strait of Hormuz shipping route by Iran, a critical passage for global oil supplies. This development has led to Brent crude prices rising sharply from about $61 a barrel in January to a peak of $119.50 several weeks ago. As of Tuesday, Brent crude was trading at $98.28 a barrel, still significantly higher than its January levels.The conflict has not only impacted oil prices but also affected global oil demand forecasts. The International Energy Agency (IEA) has revised its forecast, now predicting a decline in oil demand by 80,000 barrels a day this year, a stark contrast to its previous forecast of a 640,000 barrel increase. This would mark the first annual decline in oil demand since the 2020 Covid pandemic.In terms of production, BP expects its overall oil and gas production to remain broadly flat in the first quarter. However, the company has seen an improvement in refining margins, which rose to $16.9 a barrel in the first quarter from $15.2 a barrel in the previous quarter. This increase is expected to boost earnings from refined products by $100m to $200m.BP's update comes as its UK rival Shell also reported significantly higher oil trading profits for the quarter. Analysts have been revising their profit forecasts upward, with Citi raising its estimate for BP's adjusted net income to $2.6bn for the January to March quarter.New BP CEO Meg O'Neill, who took over this month, faces shareholders at the annual meeting on 23 April, where she is expected to discuss the company's strategy under her leadership, particularly its focus on oil and gas projects to enhance profitability.

UEFA is expected to secure in excess of €1 billion (£870 million) annually from sponsorships linked to its club tournaments starting next season, a surge of over 40% that will lift the governing body’s total commercial income past the €6 billion mark.The commercial joint venture UC3 – jointly owned by UEFA and its clubs – is finalising two flagship agreements: an official payments processor and a technology partner. These contracts will complete a roster of premium global partners and underpin the projected revenue jump.Long‑term sponsorships have already been locked in. AB InBev will serve as UEFA’s official beer partner, committing €230 million per year—far above the €120 million reserve price—while Pepsi will extend its soft‑drink partnership for another six years, also exceeding the reserve threshold. Nike is currently in exclusive talks to replace Adidas as the match‑ball supplier.These sponsorship gains complement a booming TV‑rights market. Rights sales in the UK rose 20% and in Germany 30% last year, with further tenders underway across 21 territories. UEFA now projects annual TV‑rights valuations to top €5 billion, meaning the combined commercial haul will comfortably exceed €6 billion.Relevent Football Partners, the American agency appointed by UC3, has overhauled UEFA’s sales process, creating a new “elevated partners” tier that bundles commercial rights across all three UEFA club competitions. This package offers exposure across 531 matches per season, far surpassing the 189‑match footprint of the Champions League alone.The influx of cash will primarily benefit the elite clubs. UEFA currently allocates 74% of its prize fund and 56% of club‑competition revenue to Champions League participants, with the remainder split between Europa League (17%) and Conference League (9%). Seven clubs already received over €100 million in prize money last season, led by Paris Saint‑Germain’s €144.4 million haul.Such concentration of wealth has reignited debate over revenue distribution. The Union of European Clubs (UEC) has proposed a revised split of 50‑30‑20 among the three competitions, directing a larger share into domestic leagues rather than straight to clubs. However, given the influence of the biggest clubs within UC3, the proposal faces an uphill battle.UEFA and Relevent declined to comment on the negotiations.

A shocking case of mistaken identity has come to light involving British Gas, a leading UK energy supplier. A homeowner, IW from Northampton, received a £571 bill for a flat they had never occupied or owned. The error occurred because British Gas's tracing agents mistakenly linked IW's address to that of a debtor.IW reported that British Gas opened an account in their name for the incorrect address and sent the hefty bill. When IW disputed the charge, British Gas declined to investigate further, citing a lack of proof that they did not live at the address in question. The company requested a tenancy agreement or mortgage statement, which IW could not provide as they had long since paid off their mortgage.The situation escalated when British Gas threatened IW with a debt collection agency. Despite IW providing bank statements as evidence of their innocence, British Gas ignored this documentation and did not question the competence of the tracing agent used to locate debtors.It was only after IW got involved and contacted The Guardian that British Gas belatedly apologized and removed IW from its records. This incident highlights significant flaws in British Gas's processes for handling customer complaints and verifying identities.The case serves as a cautionary tale for consumers to vigorously dispute incorrect charges and to be aware of their rights when dealing with energy suppliers and debt collectors.

Israeli strikes in southern Lebanon have resulted in at least six fatalities, according to state media reports. The Israeli military claims to have surrounded the main town of Bint Jbeil, a strategic location in the conflict with Hezbollah.The state-run National News Agency (NNA) reported that one person was killed and nine others injured in an airstrike on the town of Bazouriyeh. Additionally, Israeli air strikes killed one person in Nabatiyeh El Faouqa and three others in Sir el Gharbiyeh and Choukine.The Israeli military also struck a centre of the International Committee of the Red Cross in Tyre, resulting in one injury that later died. Several Red Cross vehicles were damaged in the attack.The Israeli army announced it will have full operational control of Bint Jbeil within days, after claiming to have killed more than 100 Hezbollah fighters there over the past week. Hezbollah has been engaged in fierce fighting with Israeli forces in Bint Jbeil, a town that has been a symbolic and strategic flashpoint in confrontations between the two.Diplomatic efforts to contain the conflict are underway, with Israeli and Lebanese officials set to hold talks in Washington to end the war. Lebanon's culture minister, Ghassan Salame, emphasized the government's focus on securing an immediate halt to hostilities before any peace talks with Israel.Since Israel expanded its offensive in Lebanon on March 2, at least 2,055 people have been killed and over 6,550 others injured. The escalation in Bint Jbeil comes as Hezbollah continues to engage in clashes with Israeli forces, with the group reporting intense clashes on Sunday.

The Iranian judiciary announced on Monday that the assets of Zahra Ghanbari, captain of Iran’s women’s national football team, have been released following a court decision. The assets had been frozen earlier after she was listed among alleged “traitors” for seeking asylum in Australia.According to the state‑run Mizan news agency, the release came after Ghanbari submitted a “declaration of innocence” and demonstrated a change in behaviour, prompting officials to lift the seizure.Ghanbari was part of a group of six players and one staff member who fled to Australia in March, after the team’s refusal to sing Iran’s national anthem during the AFC Women’s Asian Cup sparked a media backlash. Australian Home Affairs Minister Tony Burke had publicly offered asylum to the entire delegation, warning they could face reprisals on return.Within weeks, five of the athletes, including Ghanbari, abandoned their asylum applications and returned to Iran. They were greeted with a hero’s welcome at a ceremony in central Tehran on March 19, and the court subsequently moved to restore their frozen assets.The asset release follows a broader crackdown that began after the outbreak of the US‑Israel war on Iran on February 28, during which more than 2,000 Iranians were reported killed. Iranian state media published a list of individuals deemed “traitors,” leading to the freezing of their property and bank accounts.In interviews with Al Jazeera, two of the returning players described the intense pressure they faced, noting that any misstep could have severe personal and professional consequences. “Every decision felt like a life‑or‑death choice for my family and my career,” said Mona Hamoudi, one of the athletes.Human‑rights groups have repeatedly warned that Iranian authorities use tactics such as asset seizure, family intimidation, and legal threats to deter athletes from defecting or speaking out. The case of Ghanbari underscores how sports can become a flashpoint for broader geopolitical tensions.Only two members of the original squad remain in Australia, where they have continued training with Brisbane Roar, while the rest of the team prepares for upcoming domestic competitions under heightened scrutiny.