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Two weeks after the United States and Israel entered a direct conflict with Iran, the White House faced mounting criticism that the war would drive up fuel costs and anger voters. Former President Donald Trump attempted to calm concerns on Truth Social, noting that the United States is the world’s largest oil producer and that higher prices translate into higher revenues for American companies. Now, five weeks into the hostilities, the reality is becoming clear: defense contractors and oil companies are the primary beneficiaries of the escalating energy market. The Department of Defense announced that Boeing will partner with Lockheed Martin to triple U.S. production of missile seekers, a move that sent Lockheed Martin’s stock up 25% since the start of the year. The announcement also lifted Boeing’s share price, underscoring how wartime procurement is boosting aerospace valuations. At the same time, Iran’s continued blockade of the Strait of Hormuz—through which roughly one‑fifth of global oil and gas flows—has pushed U.S. crude from $65 to over $110 per barrel in just a month. Pump prices have mirrored this surge, breaking the $4‑a‑gallon barrier for the first time since 2022. Oil majors have responded with sharp stock gains; ExxonMobil, Shell and Chevron have each risen more than 20% year‑to‑date. According to market‑research firm Rystad Energy, U.S. oil producers stand to earn an additional $63 billion as barrels trade above $100. “Oil prices in March have been materially higher than anyone expected, delivering a windfall for the vast majority of U.S. energy companies,” said Leo Mariani, senior analyst at Roth Capital Partners. The last comparable price shock occurred in 2022 after Russia’s invasion of Ukraine, when U.S. gasoline peaked at $5 per gallon and inflation surged to 9%. That episode generated $916 billion in global oil‑and‑gas profits, with U.S. firms accounting for $281 billion. Chevron’s subsequent $75 billion stock‑buyback program—seven times its prior year’s amount—illustrates how quickly companies can translate price spikes into shareholder returns. Research by economists Gregor Semieniuk and Isabella Weber revealed that in 2022, 50% of oil‑company profits went to the top 1% of Americans, while the bottom half of the wealth distribution captured just 1% of those gains. Analysts warn that the current conflict could generate even larger windfalls because it has damaged actual production capacity in the Middle East, not merely reshuffled supply. “You’re benefiting a lot more from higher prices than you are from lost production,” Mariani noted, emphasizing the outsized profit potential. Even if hostilities cease, restoring pre‑conflict output in the region may take months, prolonging the supply crunch. As senior fellow Clay Seagle of the Center for Strategic and International Studies explains, the current situation differs from 2022: “Now we’re dealing with a much more severe supply event because the oil has been actually removed from the market.” Prolonged high prices could eventually curb demand, as consumers and businesses seek alternatives—a shift seen after the 1970s oil shocks when the U.S. moved away from oil‑generated electricity. Nonetheless, many sectors remain vulnerable: diesel, a key fuel for trucks and aircraft, has risen 40%, and airline stocks such as United and American have fallen more than 15% since the year began. Moreover, disruptions to liquefied natural gas (LNG) production threaten fertilizer supplies essential for agriculture. Semieniuk cautions that “we’re approaching the kinds of disruption levels we saw in 2022, and with that, the kinds of profits that we saw there. If this takes longer, it’s going to surpass that.”

The missing crew member of a US F‑15E jet, described by President Trump as a colonel, was located and rescued after a heavy firefight that involved hundreds of special‑forces operators, according to a US official speaking to Al Jazeera.Trump has set a 48‑hour deadline for Iran to reopen the Strait of Hormuz, a vital chokepoint through which 20% of global oil and gas transits. Iran’s central military command dismissed the ultimatum as “helpless, nervous, unbalanced and stupid.”Iran reports that US‑Israeli strikes have killed five people and wounded 170 at the Mahshahr Petrochemical Zone, while more than 30 universities have been targeted since the war began on 28 February.The rescued airman was the second of the two‑person crew; Iran has not yet issued a comment, though officials had previously urged citizens to help locate the missing officer in hopes of gaining leverage against Washington.During the rescue operation, Iranian media said strikes killed five civilians in the southwest. The Islamic Revolutionary Guard Corps (IRGC) claimed it shot down a US aircraft searching for the officer near Isfahan and destroyed an MQ‑9 Reaper drone, labeling the US effort a “desperate attempt to cover up a huge defeat.”Additional US‑Israeli attacks in Ardabil province near the Azerbaijani border killed three people, and the IRGC warned that the United States’ “target bank is inaccurate,” dismissing Trump’s threats to strike bridges as “laughable.”Russia has evacuated another 200 staff from the Bushehr Nuclear Power Plant after a deadly perimeter attack, while Iran’s foreign minister warned that such raids could expose the region to radioactive contamination.Tehran’s prosecutor’s office ordered the seizure and freezing of assets belonging to more than 100 high‑profile individuals accused of supporting the enemy abroad.In the Gulf, Iranian drones damaged two Kuwaiti power and desalination plants, shutting down two electricity‑generating units but causing no injuries. Bahrain’s civil‑defence teams extinguished a fire at an unspecified facility, also without casualties. Abu Dhabi halted operations at Borouge’s petrochemical plant after debris‑induced fires, and the UAE’s air defences responded to missile and drone attacks aimed at its aluminium industry. Former IAEA director‑general Mohamed ElBaradei urged Gulf nations to act before the situation “turns the region into a ball of fire.”President Trump confirmed the rescue on Truth Social, calling it “one of the most daring Search and Rescue Operations in U.S. History.” Meanwhile, former Army chief of staff General Randy George submitted a farewell letter after his removal, and satellite‑imaging firm Planet Labs announced an indefinite blackout of Iranian and regional imagery at the request of the Trump administration. Two individuals claiming to be relatives of the late Iranian general Qassem Soleimani were detained in the US, though Iranian media later disputed the familial link.Israel reported intercepting a missile launched from Yemen—the fifth such attack since the war’s start—and the Houthis, together with Iranian forces and Hezbollah, claimed a joint long‑range strike on Lod airport. Explosions were heard over Jerusalem, and missile attacks on Tel Aviv and central Israel wounded five civilians.In Lebanon and Syria, Israeli forces bombed the town of Kfar Hatta in Sidon, struck the southern city of Tyre after issuing evacuation warnings, and caused casualties in Maarakeh, where at least five people were reported killed.Energy markets are under pressure: OPEC is set to meet to decide May output policy after a modest April boost of 206,000 barrels per day. The war has driven crude prices above $100 per barrel, up from $65 before hostilities. Italy’s Prime Minister Giorgia Meloni visited Saudi Arabia and Qatar and is expected to travel to the UAE as oil supplies remain disrupted. Japan’s Mitsui OSK Lines reported that its LPG tanker Green Sanvi resumed Gulf crossing after being stranded. Iran announced it would allow Iraqi vessels to transit the Strait of Hormuz despite maintaining a broader blockade, a move aimed at easing Iraq’s severe economic distress.

Several Premier League clubs are struggling to find new shirt sponsors ahead of next season, with nine clubs yet to secure front-of-shirt commercial deals and 12 having not signed contracts. The imminent ban on shirt advertising from gambling companies is having a significant impact on clubs' commercial returns, with the collective loss of income from shirt deals potentially as high as £80m next season.Gambling operators, particularly those serving Asian markets, have been willing to pay more than other companies to sponsor Premier League clubs. However, the removal of gambling firms from the market has led to intense competition among clubs at lower prices. Of the 10 top-flight clubs with gambling sponsors this season, only Bournemouth have announced a replacement, with the club's stadium sponsor Vitality moving on to the shirt in a cut-price deal.Brentford are close to announcing that their existing training kit sponsor, the job search website Indeed, will be on their shirt next season, while Everton and Fulham appear set to buck the trend as they are in advanced negotiations with the foreign exchange trader CMC markets. However, seven clubs with gambling companies' backing remain in the market, including Chelsea and Newcastle, who are still seeking new sponsors.The ban on gambling sponsorships has exacerbated the divide between the big six clubs and the rest of the Premier League in terms of the sponsors they can attract. Arsenal, Liverpool, Manchester City, and Manchester United are locked into long-term deals worth between £50m and £60m a year, while Leeds and Brighton have long-term contracts with Red Bull and American Express respectively.

As the 2026 local and regional elections draw nearer, the spectre of Trussonomics looms large over the British political landscape. From the Conservatives to the Greens, parties are unveiling extravagant fiscal promises that they claim can be funded by cuts elsewhere or additional borrowing, while insisting the broader economy will remain unharmed. Critics warn that any adverse effects will inevitably be shifted onto people and businesses outside the parties' core constituencies, effectively socialising the risk. Only Keir Starmer and his Labour cabinet appear to resist the pressure to re‑engineer the economy without acknowledging inevitable spill‑overs or extra costs. Former Prime Minister Liz Truss famously pledged £45 bn of tax cuts, financed through extra borrowing and so‑called welfare “efficiencies”. The plan was pitched as a catalyst for an entrepreneurial surge that would lift the UK out of a prolonged period of low productivity. Heading into May’s local polls, the Conservatives are touting a new “big‑spending” agenda after recent welfare cuts, highlighted by a headline pledge to shrink the welfare bill by £23 bn. Shadow Chancellor Mel Stride declared that the “culture of ‘something for nothing’ must end, now”. Green Party leader Zack Polanski has softened some of his party’s more radical proposals, yet the manifesto remains vague. Earlier drafts featured a litany of “free lunches”, signalling an ambition to raise taxes by **more than £170 bn a year** by the end of the next parliament. Key components of the Green plan include a £90 bn annual carbon tax and a matching increase in day‑to‑day public spending, alongside a proposed £90 bn boost to the capital‑spending budget (raising it from £160 bn to £250 bn per year). Reform UK has embraced Trussonomics with gusto, promising to raise the income‑tax threshold from £12,570 to £20,000 – a move that would cost the exchequer **over £40 bn each year**. Underlying many of these pledges is a belief that the UK can reverse a century of economic decline with a “magician’s wand”, ignoring potential repercussions for financial markets, trading partners, and a rapidly disintegrating global order. While the article briefly references the United States and France, the French electorate’s recent rejection of similarly flamboyant policies in local elections serves as a cautionary tale: voters in key cities like Paris and Marseille opted for centrist candidates over the radical platforms of Marine Le Pen’s National Rally and Jean‑Luc Mélenchon’s LFI. The broader context is a decade marked by two major wars, a quantum technological shift, and accelerating climate change – none of which offer quick‑fix solutions. Labour’s economic strategy, championed by Rachel Reeves, hinges on an early‑parliament spending surge intended to generate growth before the next general election. However, the damage inflicted by the previous government is still being reassessed, with the public‑finance gap now appearing larger than the £22 bn initially highlighted by Reeves. Labour still holds considerable funds earmarked for investment, but bureaucratic inertia in Whitehall hampers swift action, and Starmer bears responsibility for this paralysis. Demonstrating tangible returns on public spending – with HS2 currently the sole benchmark – could justify future tax increases on higher earners, provided the money is not wasted. In an uncertain world, the article argues that rational, evidence‑based governance is preferable to “outlandish initiatives” that create a multitude of losers. Ultimately, the piece concludes that Truss’s experiment was a disaster not merely because of the misguided belief that tax cuts can drive sustainable growth in a mature economy, but because it relied on an imagined “escape hatch” to propel the UK to a higher economic plane.

Mary Beth Hurt died on 28 March 2026 at the age of 79, closing a four‑decade career that blended intellectual cinema with acclaimed stage work. Born in Marshalltown, Iowa, she entered the film world with Woody Allen’s experimental drama Interiors (1978), earning a BAFTA nomination for Best Newcomer alongside Christopher Reeve.Although Interiors was a modest critical success, it proved financially profitable, grossing $10 million on a $3 million budget. Hurt’s portrayal of the directionless Joey marked the start of a career defined by thoughtful, understated performances.Her next high‑profile role came as Helen Holm, the college‑professor wife of Robin Williams’s titular character in The World According to Garp (1982). The film’s daring tonal shifts – including a shocking car‑crash scene – earned Oscar nominations for John Lithgow and Glenn Close, while giving Hurt a rare chance to play a fully sexual woman.Early setbacks included losing the lead in Joan Micklin Silver’s Head Over Heels (1979) to Jamie Lee Curtis and a troubled turn in the melodrama A Change of Seasons (1980), which suffered from production turmoil and poor box‑office returns.On stage, Hurt distinguished herself with three Tony nominations: for Pinero’s Trelawny of the ‘Wells’ (1976) opposite a debuting Meryl Streep, for a 1982 revival of Beth Henley’s Crimes of the Heart, and for Michael Frayn’s Benefactors (1986). She debuted on Broadway in 1974’s revival of William Congreve’s Love For Love opposite Glenn Close.Her personal life intersected with her professional world. She married fellow actor William Hurt in 1971, divorcing in December 1982, and later wed director Paul Schrader in August 1983. Collaborations with Schrader included Light Sleeper (1992), Affliction (1997) and The Walker (2007).Later film work featured a supporting turn in Karen Moncrieff’s feminist thriller The Dead Girl (2006), which earned her an Independent Spirit Award nomination, and a cameo in Martin Scorsese’s The Age of Innocence (1993). Her final screen appearance was in the small‑town drama Change in the Air (2018), filmed before a diagnosis of Alzheimer’s disease.Reflecting on her craft, Hurt once said, "I never felt very beautiful or incredibly smart or witty, so I was always looking for something about the role that intrigued me… more fascinating than the gold‑medal moments."She is survived by husband Paul Schrader and their two children, Molly and Sam.

Comedian Bill Bailey stars in his new standup special 'Thoughtifier' on Channel 4 at 10pm. The show features a laser harp performance that blends humor and virtuosity. Bailey also explores topics like AI sea shanties and the teaspoon industry.In other TV highlights, Inside Britain's National Parks airs on BBC Two at 7:05pm, showcasing conservation efforts in Pembrokeshire. Celebrity Sabotage returns to ITV1 at 8pm, with Jill Scott as a guest saboteur.Sports fans can catch the Men's FA Cup Football match between Man City and Liverpool on TNT Sports 1 at 11:30am. The Champions Cup Rugby Union match between Bath and Saracens airs on Premier Sports 2 at 2pm.Film screenings include Austin Powers: International Man of Mystery on Comedy Central at 9pm and The Outfit on BBC One at 10:50pm.

An appellate panel in Colorado has ordered a new sentencing hearing for former Mesa County clerk Tina Peters, whose original nine‑year prison term was overturned on procedural grounds. The three‑judge panel ruled that the trial court improperly considered Peters's personal belief in alleged 2020 election fraud when determining her punishment, rendering the sentence invalid. While the conviction for assisting an out‑of‑state actor in accessing and copying Mesa County voting‑machine data remains intact, the court emphasized that the sentence, not the guilt, was flawed. "The trial court’s comments about Peters’s belief in the existence of 2020 election fraud went beyond relevant considerations for her sentencing," the opinion read. Judge Matthew Barrett, who previously described Peters as a “charlatan” peddling “snake‑oil” claims, was specifically cited for remarks that the appeals court deemed extraneous to the sentencing decision. Peters was found guilty in August 2024 of facilitating the theft of election‑system files for a person linked to efforts to overturn former President Donald Trump's 2020 loss. The stolen copies were later disseminated on social media, fueling the broader election‑denial movement. In December, President Trump issued a pardon for Peters. However, the appellate court clarified that a presidential pardon cannot override state convictions, stating, "We have found no instance where the presidential pardon power has been stretched in such a way as to invade an individual state’s sovereignty." Governor Jared Polis of Colorado has hinted at the possibility of clemency, though no formal action has been announced. The case continues to serve as a rallying point for Trump supporters who claim the 2020 election was riddled with fraud, a narrative that persists despite the former president’s re‑election in 2024 and ongoing legal scrutiny.

‘Your Friends & Neighbours’ returns for a second season that doubles down on its deliciously dark satire of the ultra‑rich enclave of Westport, New York – a thinly veiled stand‑in for Westchester’s high‑finance playground. The series remains a “rich dessert” of a show: indulgent, a little unhealthy, but undeniably moreish.Jon Hamm reprises Andrew “Coop” Cooper, a former Manhattan hedge‑fund star who now survives by burgling the opulent homes of his equally extravagant neighbours. Coop’s charisma is built on a blend of oak‑like steadiness and a perpetual tumbler of $500 whisky, allowing him to charm both victims and collaborators. Unlike Don Draper’s secret shame, Coop’s anxiety is a quieter, more comedic driver that fuels the season’s caper.Season two opens with Coop, now approaching fifty, injuring his back while rifling a mansion’s study. The mishap forces him to rely on his longtime lookout Elena (Aimee Carrero) and brings a new, reluctant ally into the fold. Meanwhile, the arrival of the flamboyant billionaire Owen (James Marsden) rattles the delicate Westport ecosystem, adding fresh tension to the criminal enterprise.The narrative also shifts focus to the personal toll of wealth. Coop’s ex‑wife Mel (Amanda Peet) navigates perimenopause and the looming emptiness of her children leaving for college, while their daughter Tori (Isabel Gravitt) deliberately flunks a Princeton interview, railing against the university as a “engine of rigged, corrosive capitalism.” This scene underscores the show’s satirical edge, reminding viewers that the glittering excess is built on fragile foundations.Despite its glossy façade, the series offers unexpected emotional depth. Hamm and Peet convey a wistful sadness that resonates beyond the bank‑balance zeros, suggesting that middle‑aged ex‑lovers remain bound by past mistakes. The season balances heist thrills with moments of genuine heart, positioning the show as a guilty‑pleasure dramedy that “gets away with it.”Your Friends & Neighbours is currently streaming on Apple TV+.

Brady Ebert, the former guitarist of the Grammy-winning US hardcore band Turnstile, has been charged with attempted second-degree murder after allegedly hitting the father of the band's frontman, Brendan Yates, with his car.On March 29, police found William Yates outside his home with trauma to his lower extremities, with a broken bone protruding from his leg. According to reports, Ebert drove up to the house, honked and swore, then drove off, before returning. Yates's family members said that Ebert drove into him as he attempted to run away after Yates threw a rock at his car. Ebert allegedly returned an additional time to tell Yates that he 'deserved it'.Ebert, 33, was arrested and taken into custody on March 31. He is also charged with one count of first-degree assault and is being held without bond. In court, Ebert protested his innocence and insisted that surveillance footage of the incident would 'contradict' his accusers' statements.The band Turnstile stated that William Yates is recovering from surgery to treat 'severe physical trauma' to his legs and expressed their gratitude at his survival. Ebert was a founding member of Turnstile, formed in 2010, and a childhood friend of Brendan Yates. He left the band in 2022.In their statement, the band explained that they had cut ties with Ebert 'in response to a consistent pattern of harmful behaviour' affecting himself, the band, and the community.