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When billionaire hedge‑fund manager Chris Rokos announced a £190 million contribution to the University of Cambridge, the move instantly became the largest single donation to any UK university in modern history. The funds will establish a new “school of government” aimed at bridging policy, science and emerging technologies. Rokos, a 55‑year‑old Oxford graduate, has amassed an estimated £2.6 billion fortune, primarily through his firm Rokos Capital Management (RCM), which he founded in 2015 after a high‑profile stint at Brevan Howard. RCM now oversees **over £22 billion** in assets, employs roughly 350 staff, and operates from offices in London, New York, Singapore and Abu Dhabi. In the most recent fiscal year ending March, Rokos paid himself nearly £500 million, according to Companies House filings, reflecting the firm’s strong performance amid volatile markets. Beyond finance, Rokos has kept a remarkably low public profile. He famously declined to provide a photograph when launching a £500 million fund in 2007, and he has avoided media attention despite owning one of England’s most expensive private residences. The £175 million refurbishment of the Grade I‑listed Tottenham House in Wiltshire – featuring a tennis pavilion, private cinema, basement squash court and a proposed “subterranean family link” to a pool house – has drawn local council scrutiny but stands as a tangible testament to his wealth. Rokos’s career trajectory began in banking at UBS and Goldman Sachs, moving to Credit Suisse where he was recruited by Alan Howard. He later joined the founding team of Brevan Howard in 2002, generating roughly $4 billion (≈£3 billion) in investor profits and about £600 million for himself before departing in 2012. His philanthropic philosophy emphasizes diversity of thought. In a video released by Cambridge, Rokos warned that a school populated only by “centrist, socially liberal” voices would be a failure, insisting on a broad spectrum of intellectual viewpoints. Earlier this year, RCM’s exploratory talks to bring former UK business secretary Peter Mandelson onto its advisory board collapsed after revelations about Mandelson’s connections to the late Jeffrey Epstein. Rokos also ranks among the UK’s biggest taxpayers and maintains a family office in Mayfair. A lingering legal dispute over a five‑year non‑compete clause with a former employer was settled out of court, clearing the way for his current venture. Overall, the record‑breaking Cambridge donation not only reshapes the university’s academic landscape but also underscores how hedge‑fund wealth is increasingly channeled into high‑impact philanthropy, blurring the lines between finance, education and public policy.

The United States is expanding its military footprint in the Gulf as the US‑Israel war with Iran enters its second month. Since the Feb. 28 launch of Operation Epic Fury, a joint air campaign targeting Iranian military and nuclear sites, more than four weeks of strikes have resulted in thousands of casualties.Defense Secretary Pete Hegseth announced the deployment of a third aircraft carrier, the USS George HW Bush, joining the USS Abraham Lincoln, which is currently conducting daily combat sorties from the Arabian Sea, and the USS Gerald Ford, now under maintenance in Croatia.These carrier groups carry thousands of sailors, Marines and specialised support personnel, forming the core of the US’s power projection in the region.Carrier Strike Group (CSG) refers to an aircraft carrier plus its escort ships and support units that together function as a floating base. A typical CSG includes:An aircraft carrier60‑75 fighter jets and helicopters2‑4 Arleigh Burke‑class destroyersA guided‑missile cruiserA submarine for underwater protectionSupply shipsAs of April 1, the USS Abraham Lincoln remains the only carrier launching daily combat missions against Iranian targets, while the USS George HW Bush is en route and expected to eventually replace the Gerald Ford in the Mediterranean.Amphibious Ready Group (ARG) operates as a mini‑carrier, carrying US Marines and equipment for sea‑to‑land invasions. The USS Tripoli ARG arrived in the Middle East on March 27, and the USS Boxer ARG is expected to join the theater by mid‑April. An ARG typically comprises:Three specialised ships~2,200 Marines (a Marine Expeditionary Unit)Short‑takeoff aircraftLanding craft for beach assaultsThe key distinction: ARGs are built to land troops on shore, whereas CSGs are designed to project air power and conduct major naval warfare.A Marine Expeditionary Unit (MEU) is a rapid‑response, self‑contained force of 2,200‑2,500 Marine Corps personnel capable of combat and humanitarian missions. On Friday, US Central Command confirmed that 2,200 Marines from the 31st MEU arrived in Middle Eastern waters after departing Sasebo, Japan, on March 13. A second unit, the 11th MEU with roughly 2,500 Marines, is inbound after leaving San Diego on March 18.The Pentagon has also ordered about 2,000 soldiers from the 82nd Airborne Division to move to the region, adding to the approximately 50,000 US troops already stationed in the Middle East.An MEU is organized into four elements:Command Element – ~200 personnel for planning and command‑and‑control.Ground Combat Element – ~1,200 troops centered on an infantry battalion with artillery and armoured vehicles.Aviation Combat Element – ~500 personnel operating transport helicopters, attack aircraft and Osprey tilt‑rotors.Logistics Combat Element – ~300 personnel providing up to 15 days of self‑sustainment, including medical, engineering and maintenance support.MEUs are typically deployed aboard a three‑ship ARG, which serves as a floating base. The ships include:Landing Helicopter Assault/Dock – a small carrier carrying short‑takeoff aircraft such as F‑35Bs and attack helicopters.Amphibious Transport Dock – a mid‑size vessel transporting troops and heavy vehicles.Dock Landing Ship – primarily for cargo and heavy equipment.MEUs can execute sea‑to‑land assaults, raids, evacuations, humanitarian aid and disaster‑relief operations, and they are often the first forces on the ground in emerging conflicts.The US Marine Corps maintains seven active MEUs; the 31st (Asia‑Pacific) and 11th (West Coast) are currently assigned to the Iran war. The other units are distributed as follows:East Coast: 22nd, 24th, 26th MEUWest Coast: 11th, 13th, 15th MEUAsia‑Pacific: 31st MEUTypically, three MEUs are forward‑positioned at any time, rotating through deployments in the Mediterranean, Gulf and Asia‑Pacific regions.Historically, MEUs have played pivotal roles in US operations: during the 2001 Afghanistan invasion, the 15th and 26th MEUs conducted one of the longest amphibious vertical insertions; in 2003‑2004 they helped secure Iraqi ports and fought in Fallujah; and in 2024 they provided sea‑based support for the attempted abduction of Venezuelan President Nicolás Maduro.

President Donald Trump told allies that Tehran does not need to negotiate a settlement for the hostilities to cease, estimating the conflict could be over in two to three weeks. Iranian Foreign Minister Abbas Araghchi, however, dismissed any hope of talks, stating that Tehran has zero trust in Washington.US‑Israeli air raids persist across Iran, hitting key industrial and civilian targets such as steel factories in Isfahan and Farokhshahr, pharmaceutical facilities, port infrastructure, meteorological stations and a residential complex. Iranian state media and the Red Crescent reported explosions in cities including Ahvaz, Shiraz, Isfahan, Karaj, Kermanshah and Bandar Abbas.An Iranian official said the Tofigh Daru pharmaceutical raw‑material plant in Tehran was struck, crippling its research and development wing and delivering a "blow to the national medical supply chain." In Bandar Abbas, the Shahid Haqqani passenger pier was bombed, though officials claimed no casualties.A desalination plant on Qeshm Island, crucial for water supply in the Strait of Hormuz, was knocked out of service by the strikes.Analyst Trita Parsi warned that the war is unlikely to end swiftly and that the Strait of Hormuz will remain closed, noting that it will not be easy for President Trump to simply walk away from the conflict.Casualties have surpassed 2,000 Iranians, with numerous civilian sites—including hospitals, schools, universities and pharmaceutical factories—targeted, raising concerns of potential war‑crime violations.On the diplomatic front, Spain, France and Italy have begun curbing U.S. military operations by closing airspace, denying base access and limiting logistical support. Meanwhile, China and Pakistan have tabled a five‑point cease‑fire proposal that calls for reopening the Strait of Hormuz.Regional leaders are also active: Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and UAE President Sheikh Mohamed bin Zayed Al Nahyan have convened to discuss the Iran war, while Argentina, under President Javier Milei, officially labeled Iran’s Islamic Revolutionary Guard Corps as a “terrorist” organization.Pope Francis (Leo XIV) appealed directly to President Trump, urging an end to the violence and expressing hope that the U.S. leader is moving toward a resolution.In the Gulf, Iranian drones have repeatedly struck Kuwait’s airport, forcing the closure of its airspace since late February; Saudi Arabia has stepped in to provide transport for affected passengers. Bahrain sounded air‑raid sirens, and Saudi forces reported intercepting two additional drones.A merchant vessel north of Doha suffered damage from an "unknown projectile," though the crew remained unharmed and no environmental harm was recorded.U.S. officials remain divided: while Trump predicts a rapid end, Defense Secretary Pete Hegseth warned that the United States is "negotiating with bombs" and that the coming days are decisive. The war’s uncertainty has pushed oil prices higher, prompting U.S. Senator Chris Coons to warn that American families face rising grocery, utility and mortgage costs.Israel continues to face coordinated attacks from Iran and Hezbollah, with missile and drone incursions reported across northern and central regions. Despite these threats, Prime Minister Benjamin Netanyahu asserted that Iran’s regional allies no longer pose an "existential threat," yet Israel plans to maintain its offensive, including operations in Lebanon.In Lebanon, Israeli ground advances and heavy bombardments have resulted in over 1,200 deaths and displaced roughly 1.2 million people since early March. Iraqi militia Kata’ib Sayyid al‑Shuhada warned that any U.S. ground incursion into Iran via Kuwait could trigger an all‑out war.

The US government's Endangered Species Committee has voted unanimously to exempt oil and gas drillers in the Gulf of Mexico from protections under the Endangered Species Act. This decision, made during a rare meeting, has significant implications for vulnerable species in the region.The committee, composed of six senior Trump officials, including Secretary of Defense Pete Hegseth, argued that environmental rules could hinder US energy production, particularly during the ongoing tensions with Iran. Hegseth stated that disruptions to Gulf oil production would not only affect the US but also benefit its adversaries.The exemption is only the fourth time in US history that the Endangered Species Committee has convened, and the third time it has granted an exemption to the Endangered Species Act. Rice's whale, with only about 50 remaining, is one of the species protected by the act in the Gulf of Mexico. Other species, such as birds, sea turtles, and Gulf sturgeon, are also safeguarded.Environmental groups have strongly objected to the decision, labeling the committee a 'god squad' due to its power over species' existence. They plan to challenge the exemptions, arguing that the Trump administration failed to follow the protocols set out under the Endangered Species Act and that the rationale for the exemption is not justified by facts.This move is part of the Trump administration's broader effort to roll back environmental protections and promote pro-fossil fuel policies, despite dismissing climate change as a 'hoax'. Critics warn that this action could lead to the extinction of species, with one expert stating that Trump could be the first person in history to knowingly extirpate a species from the face of the earth.

The UK is set to host 35 countries, excluding the US, to discuss ways to reopen the Strait of Hormuz, a crucial shipping route for oil and gas that has been blocked by Iran. Prime Minister Keir Starmer announced that the next phase of discussions, led by the UK and France, will take place on Thursday, with Yvette Cooper, the foreign secretary, alongside international leaders.The meeting will focus on assessing viable diplomatic and political measures to restore freedom of navigation, guarantee the safety of trapped ships and seafarers, and resume the movement of vital commodities. British military planners will meet afterwards to discuss how to marshal their capabilities and make the strait accessible and safe after the fighting has stopped.The blockade has resulted in around 1,000 ships being stranded, with only about 130 ships passing through since the war began, compared to the normal daily number. The strait is a critical route, with a fifth of the world's oil and gas supplies and a third of global fertilisers passing through before the conflict.The US has not been directly invited to participate in the talks, which will include countries that signed a joint statement last month, such as the UK, France, Germany, Italy, and the Netherlands, as well as Japan, Canada, South Korea, and New Zealand. The Ministry of Defence has sent military planners to US Central Command to explore options for getting tankers through the strait.Iran's Islamic Revolutionary Guards Corps has stated that the Strait of Hormuz will remain closed to 'enemies of this nation', and US President Donald Trump has posted that there will be no ceasefire with Iran until it relinquishes control of the waterway.

Prime Minister Keir Starmer told Downing Street staff that Britain’s long‑term national interest now hinges on a more ambitious partnership with the European Union, a stance shaped by the escalating war in the Middle East and the broader volatility of global politics.He announced that the foreign secretary will convene an international meeting later this week to discuss ways to re‑open the Strait of Hormuz and ensure safe navigation once hostilities subside. Following that summit, Starmer said military planners will be brought together to assess how Britain can contribute to securing the vital waterway.Emphasising a strategic pivot, Starmer said the UK’s future is increasingly tied to Europe, especially ahead of an upcoming EU summit that will go beyond merely reviewing last year’s “reset” commitments. He warned that Brexit inflicted deep damage on the British economy and that the opportunities to improve security and alleviate the cost‑of‑living crisis are “too big to ignore”.At the summit, the government aims to secure closer economic and defence cooperation, a partnership built on shared values and mutual security interests. Starmer added that strengthening ties with the EU could also enhance the UK’s relationship with the United States, despite recent criticism from President Donald Trump.When pressed about Trump’s remarks about possibly withdrawing the US from NATO, Starmer replied that he will act according to the British national interest, regardless of external “noise”. He also clarified that, while Labour’s manifesto does not call for re‑joining the EU single market, the government is open to negotiating deeper single‑market links if they serve Britain’s economic goals.The speech drew sharp rebuke from Reform UK, whose deputy leader Richard Tice dismissed the idea of tighter EU ties as “ludicrous” and warned of the bloc’s past reliance on Russian gas. In contrast, Liberal Democrat Europe spokesperson Al Pinkerton hailed the remarks as an “overdue moment of honesty” about Brexit’s costs and urged the UK to scrap “red‑line” policies and consider a customs union as an economic imperative.Green Party MP Siân Berry welcomed the shift, saying Starmer is finally recognising the need to look to European partners for long‑term security rather than relying solely on the United States.

The UK’s chancellor, Rachel Reeves, is set to sit down with the chief executives of Sainsbury’s, Tesco and Morrisons on Wednesday. The meeting aims to gauge the scale of possible price hikes and shortages of essential household goods as the nation grapples with a sharp rise in energy, fuel and fertiliser costs triggered by the ongoing Middle East conflict. A Treasury source described the gathering as a "fact‑finding, open discussion" intended to identify any supply squeezes and to forecast the impact on the cost of living over the coming months. Allan Leighton, executive chair of Asda, will not attend but has publicly urged the government to "stand up and start doing stuff" to aid farmers and curb fuel prices, warning that food costs will inevitably climb if the conflict persists. Simon Roberts, chief executive of Sainsbury’s, cautioned that price increases are "unlikely to rise until the summer" thanks to long‑term contracts on energy and fertiliser that currently keep a lid on costs. Nevertheless, UK growers are sounding the alarm. Producers of tomatoes, cucumbers, peppers and aubergines say higher input costs could force them to pull plants from the ground, creating potential gaps on supermarket shelves. Lee Stiles, secretary of the Lea Valley Growers’ Association – the region often dubbed London’s "salad bowl" – is lobbying for indoor food producers to be classified as "energy‑intensive users" alongside steel, chemicals, cement and glass, thereby qualifying for additional support with surging energy bills. Stiles also called on retailers to renegotiate contracts with growers to reflect the cost surge since the Middle East conflict began. He warned that the upcoming increase in standing charges on 1 April – a fixed daily fee for accessing the gas and electricity network – will further strain producers’ margins. "Growers have already invested in plants and labour for three to four months," Stiles said. "When you do the maths, the numbers don’t add up. They would lose less money by sending workers home, pulling the plants out and turning off the boiler." If domestic growers cut the season short, European glasshouses, which normally supply the UK’s salad market at this time of year, may struggle to fill the void, risking a repeat of the fresh‑produce shortages experienced in early 2023. The British Poultry Council (BPC) echoed these concerns, highlighting pressures on supplies of oil, gas, fertiliser and essential feed components. "These factors are creating sustained upward pressure on the cost of poultry production," the BPC warned, adding that while some cost increases may be absorbed, others will inevitably be passed on to consumers. Richard Griffiths, BPC chief executive, noted that while many farmers have long‑term energy deals, costs such as diesel are rising rapidly, and there are fears that vital medicines could become unavailable at any price. In response, the government has announced a £117 cut to household energy bills, an increase to the legal minimum wage, and the launch of a £1 billion "crisis and resilience" fund aimed at helping vulnerable households with expenses such as heating oil.

An American journalist has been kidnapped in Baghdad by a suspected Iranian-backed Iraqi armed group, the US said, as regional security deteriorates after the US-Israeli attack on Iran. The state department said it was working to ensure the American’s release 'as soon as possible'. “An individual with ties to the Iranian-aligned militia group Kataib Hezballah believed to be involved in the kidnapping has been taken into custody by Iraqi authorities,” Dylan Johnson, the assistant secretary of state for global public affairs, wrote on X. Iraq said that authorities intercepted a vehicle that overturned as they tried to flee. “Security forces were able to arrest one of the suspects and seize one of the vehicles used in the crime,” the Iraqi interior ministry said in a statement. The journalist was identified as Shelly Kittleson, a freelancer, by media advocacy groups as well as Al-Monitor, one of the news outlets for which she worked. Kittleson is a longtime freelancer in the region, reporting extensively from Syria and Iraq. Al-Monitor in a statement said it was “deeply alarmed” by Kittleson’s kidnapping and called for her “safe and immediate release”. “We stand by her vital reporting from the region and call for her swift return to continue her important work,” the news organisation said. The US has warned Americans of rising risks in Iraq, where Iran has sway over several Shia armed groups, after the US and Israel attacked Iran on 28 February. Johnson said that the state department had “fulfilled our duty” to warn the journalist about threats and reiterated a warning for Americans to leave Iraq.

Qatar’s foreign ministry announced that Iran’s recent assaults have crossed numerous red lines and stressed the urgent need for de‑escalation amid the ongoing US‑Israel war with Tehran.During a Tuesday press briefing, spokesperson Majed al‑Ansari warned that Iranian attacks on Qatar are having a catastrophic impact on bilateral relations.Al‑Ansari appealed to every combatant to refrain from targeting nuclear or energy infrastructure, cautioning that any further escalation will mean more losses for all parties.Since the joint US‑Israel offensive began at the end of February, Iran has struck a string of regional states—including Iraq, Syria, the United Arab Emirates, Saudi Arabia, Bahrain, Oman, Jordan and Kuwait—despite none being directly involved in the conflict.While Tehran maintains that its operations target only U.S. assets in the region, the affected nations report damage to civilian infrastructure such as airports, power plants and ports, alongside civilian casualties.Qatar, a longtime mediator in Middle‑East disputes, clarified that it is not part of Pakistan’s diplomatic effort to end the war, though it continues “ongoing communications with all parties, including mediators and other regional players.” The Qatari side added that it fully supports Pakistan’s peace initiative and hopes it will yield lasting stability.In recent developments, Pakistan hosted a four‑nation dialogue with Turkey, Saudi Arabia and Egypt to discuss ending the war and reopening the Strait of Hormuz. Together with China, Pakistan unveiled a five‑point initiative calling for an immediate cessation of hostilities, protection of sovereignty and territorial integrity of Iran and Gulf states, safety of non‑military targets, secure shipping lanes—including the strategic Strait of Hormuz—and a durable peace grounded in the United Nations charter and international law.U.S. Defense Secretary Pete Hegseth reiterated that while diplomatic channels remain active, the United States is keeping the option of military escalation on the table.