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Asda's executive chair, Allan Leighton, has urged the UK government to take immediate action to support farmers and ease fuel costs, as the conflict in the Middle East threatens to drive up food prices. Leighton warned that food prices would inevitably rise as a result of the conflict, citing pressure on farmers from higher fertiliser, energy, and fuel costs.While Asda has so far received only a trickle of requests for cost price increases from suppliers, Leighton expects the pace of cost increases to be volatile and vary across different commodities. He also warned of temporary shortages at petrol stations as supplies are squeezed by the conflict, with the average price of unleaded petrol in the UK rising to 150p a litre.Leighton accused the government of benefiting from £3bn of income from fuel duties as prices rise and called on them to ease these duties or support farmers on energy or other costs. He suggested that tax from fuel duty should be redistributed to support farmers in some form.The Asda boss's comments come after Simon Wolfson, CEO of Next, suggested that clothing prices could rise by 4-10% if the conflict in the Middle East extends into the autumn and factories are hit by higher fuel and fabric costs. Daniel Ervér, CEO of H&M;, also warned that a prolonged conflict could have a significant impact on consumer spending and cause inflation.Asda's underlying profits dropped by a third to £764m last year, with non-fuel sales sliding 3.3% to £21bn. However, the company reported its first month of underlying sales growth in stores in almost two years in March, after resolving IT problems linked to a switch away from services provided by its former owner Walmart.

The introduction of a commemorative gold coin featuring Donald Trump's image has sparked controversy, with many questioning the decision to put his face on a US coin. The coin, worth $1, depicts Trump sitting at the Resolute Desk in the Oval Office, a classic pose designed to make him appear intimidating. The Commission of Fine Arts recommended that the coin be 'as large as possible', which has raised eyebrows among critics. The article's author, Dave Schilling, argues that this decision is a reflection of Trump's ego and desire for attention. Schilling suggests that the coin's design could have been more creative and meaningful, paying tribute to Trump's legacy in a more nuanced way. American coins typically feature the faces of prominent individuals, such as Lincoln and Franklin Roosevelt. However, the reverse side of the coin often features symbols of American history and culture, such as the Liberty Bell or a buffalo. Schilling argues that the Trump coin's design could have followed this tradition, rather than featuring a generic bald eagle on the reverse side. Schilling proposes alternative designs that could have been used for the coin, such as: The Trump Tower in Manhattan, which was a seminal purchase for Trump and cemented his reputation as a shrewd businessman. The Central Park Five advertisement, which Trump took out in four separate New York City newspapers, although this would have been a more contentious choice. The Apprentice, Trump's popular NBC reality show that helped him become a household name. Ultimately, Schilling suggests that the defining image of Trump's presidency should be the bank statement of the average American citizen, reflecting the economic challenges faced by many during his term in office, including stagnant job growth, rising inflation, and high energy costs.

Sarah Strong, the 6ft 2in UConn forward, is chasing her second championship in as many years with an undefeated squad that hasn’t lost in 52 games dating back to last year. As a freshman, Strong thrived defensively in the 2025 NCAA tournament, while scoring the most points by a freshman in tournament history with 114.In her second season, Strong has been even more dominant. Her impact on both sides of the ball is so deep that she was named the Big East Player of the Year and the Big East Defensive Player of the Year. She’s the favorite to win the National Player of the Year award next month.This season Strong averaged 18.4 points, 7.5 rebounds, 4.1 assists, and 3.3 steals all while shooting 60.0% from the field. UConn coach Geno Auriemma praised her unique ability to play like a guard and play like a big guy.Unlike other collegiate women’s players with similar talent, such as Caitlin Clark, there is nothing flashy about Strong. She plays with certainty and lets her game do the talking. Her media commitments are increasing, but she remains uncomfortable with the spotlight.Strong’s poise, calm, and off-the-charts IQ have produced results impossible to ignore. Her parents, including former WNBA player Allison Feaster, instilled in her a respect for the game and family values.UConn assistant Jamelle Elliott quietly scouted Strong in ninth grade before the hype arrived and she became the country’s top recruit. Auriemma agreed with Elliott’s assessment, noting that Strong already had the skills that great players learn over time.With her star growing rapidly, Strong has inked NIL deals with Jordan Brand, Unrivaled, and Madison Reed. She had 18 points in each game as UConn rolled to first- and second-round wins last week, setting up Friday’s Sweet 16 matchup with North Carolina.

Oil prices have climbed higher amid fading hopes of deescalation in the Iran war following Tehran’s denial that talks with the United States are under way.Futures for Brent crude, the international benchmark, rose nearly 2 percent on Thursday to top $104 per barrel after Tehran dismissed reports of direct negotiations with US President Donald Trump’s administration.The rise comes after oil prices eased on Wednesday following reports that Trump had shared a 15-point plan for ending the war with Iran.Iranian Foreign Minister Abbas Araghchi said in an interview with state media aired on Wednesday that Tehran was not engaged in direct talks with Washington and has “no intention of negotiating for now”.White House Press Secretary Karoline Leavitt warned on Wednesday that Iran would be “hit harder” than ever before if Tehran did not accept military defeat.Iran’s effective closure of the Strait of Hormuz, a conduit for one-fifth of global oil supplies, and its attacks on energy facilities across the Middle East have prompted a surge in energy prices worldwide.Oil prices are up more than 40 percent compared with before the US and Israel launched strikes on Iran on February 28, prompting numerous countries to implement fuel rationing and other energy conservation measures.Market-watchers say prices are likely to rise further until shipping is free to traverse the strait, despite efforts by countries to bolster supply by tapping emergency stockpiles in coordination with the International Energy Agency.While Tehran has repeatedly claimed that the strait is open to ships that are not aligned with its enemies, daily transits have all but collapsed since the start of the conflict.Four vessels were tracked transiting the waterway via their automatic identification systems on Tuesday, down from an average of 120 daily transits before the conflict, according to maritime intelligence firm Windward.

Italy's national football team secured a crucial win over Northern Ireland, 2-0, to advance to the World Cup playoff final. The match, held at the Stadio di Bergamo, saw Sandro Tonali and Moise Kean score the decisive goals.The Italian team, under coach Gennaro Gattuso, dominated possession but struggled to create clear chances in the first half. However, the team's performance improved significantly after halftime, with Tonali's terrific low drive from 18 yards giving them the lead.Northern Ireland's hopes were dashed when Moise Kean scored Italy's second goal, cutting inside Ruairi McConville and shooting into the net via a post. This sealed the win for Italy and sent them through to the playoff final.The victory marked a significant step for Italy, who are seeking to return to the World Cup for the first time since 2014. Coach Gattuso emphasized the importance of the win, stating, 'We have to win, we have no other choice.'Northern Ireland's manager, Michael O'Neill, expressed pride in his young team's performance, noting, 'The average age of that team was 22, which is incredibly positive.' Despite the loss, O'Neill remains optimistic about the team's future, particularly with Euro 2028 in sight.

The conflict in the Middle East is expected to have a significant impact on the UK's economy, with the Organisation for Economic Cooperation and Development (OECD) warning of rising inflation and downgrading the UK's growth forecast to 0.7% this year.The OECD's analysis suggests that the UK economy will grow by just 0.7% this year, compared to its last forecast of 1.2% for 2026. This downgrade is attributed to a weakening of the UK jobs market and a contraction in business investment towards the end of 2025.The UK's economy is expected to suffer higher inflation than previously expected, with the OECD citing the country's dependence on international trade and imports of fuel as a major factor. In contrast, France, Germany, and Italy are expected to suffer a more modest hit to growth of 0.2 percentage points.The OECD's chief economist noted that the evolving conflict in the Middle East will test the resilience of the global economy, which is expected to grow at an average rate of 2.9% this year. However, the organization warned of a significant downside risk to the outlook, citing persistent disruptions to exports from the Middle East and potential repricing in financial markets.UK Chancellor Rachel Reeves responded to the OECD's warning, stating that the government plans to take steps to build a stronger, more secure economy, including handing more powers to regional mayors, embracing AI and innovation, and establishing a closer relationship with the EU.

US markets witnessed a significant downturn on Thursday, marking their biggest slump since the onset of the US-Israel war with Iran. The Dow closed 450 points down, while the S&P 500 dipped 1.7%. The tech-heavy Nasdaq fell 2.3%, plunging into correction territory, which occurs when an index falls at least 10% below its most recent peak. The conflict has led to a surge in oil prices, reaching levels not seen since Russia's invasion of Ukraine in 2022. At the end of the day on Thursday, Brent crude oil, the global benchmark, was about $107 a barrel, while US crude hit $93 a barrel. Average US gas prices at the pump reached $3.98 a gallon, according to AAA. Despite the soaring prices, Donald Trump said that oil prices “have not gone up as much as I thought” during a cabinet meeting on Thursday. He predicted that prices would “come back down to where it was, and probably lower,” and that the impact on the stock market would reverse once the conflict ends. Markets have been growing weary of Trump's mixed signals on the US's stance in negotiations with Iran. Stocks dipped on Thursday morning after Trump posted a warning to Iranian negotiators that they “better get serious, before it’s too late.” However, later in the morning, Trump said that there were “very substantial talks” happening with Iran and that the country allowed 10 oil tankers to pass the blocked strait of Hormuz. The White House announced it will extend a pause on Iranian energy infrastructure strikes by 10 days, until 6 April. A new report estimates US inflation will average 4.2% this year, compared with an average of about 2.6% in 2025, according to the Organization for Economic and Cooperation and Development (OECD). The increase in inflation reverses what was expected to be strong growth for the global economy before the conflict began.

The US-Israel war on Iran has effectively closed the Strait of Hormuz, a critical shipping route for materials used in the production of various everyday products. As the conflict enters its fifth week, global oil shortages are forcing countries to take severe measures to conserve their reserves. While US gas prices have surged to their highest level in years, the impact of rising oil prices extends far beyond drivers. Oil is a crucial component in the supply chain, powering machines that manufacture goods and fueling trucks that transport them to stores. The price increases come at a time when many Americans are already strained by rising housing costs, grocery bills, and electricity statements. A recent Gallup poll found that a third of Americans have had to skip meals and forego other needs to afford their healthcare. Oil and Gas The average cost of gas in the US has jumped about 30% over the last month, with the national average hitting $3.97, the highest since 2023. Diesel, which fuels many trucks transporting goods, has increased by about 50%, or $1.69 more than it did a year ago. Higher diesel costs could soon affect transportation costs and grocery prices, as roughly 85% of agricultural goods are transported by trucks. The impact of oil and gas shortages on the supply chain can be categorized as first-order effects, such as higher prices at the gas pump, and second-order effects, including potential price increases for crops, semiconductor chips, and medical devices. Fertilizer Farmers are struggling as the spring growing season approaches, facing higher fertilizer costs and falling commodity prices. A third of global urea trade, a solid nitrogen fertilizer, passes through the Middle East region, with about 20% of imported fertilizer to the US coming from Qatar. Nitrogen fertilizer is critical to grow corn, which is cultivated by about 500,000 farmers in the US. The White House has promised to minimize disruptions to the US economy, with alternative sources of fertilizer being sought from around the world. Helium The conflict has disrupted the global helium supply after Iranian attacks in Qatar, the second-largest producer of helium after the United States. Helium is a key import used in aerospace, magnetic resonance imaging (MRI), and semiconductor chips that power AI. Jet Fuel Increases in oil prices could result in higher airfare and shipping costs. The price of jet fuel has doubled since the start of the war, according to the International Air Transport Association. United Airlines announced last Friday that it would have to cut flights due to the surging cost of fuel. < h2>Mortgage Rates Just as US mortgages were starting to fall in February, the average 30-year fixed mortgage rate ticked up to its highest level in months, reaching 6.22%. Mortgage rates are closely tied to the overall state of the economy, and the US Federal Reserve's decision to leave rates unchanged last week cited uncertainty in the economy, particularly with conflict in the Middle East.

The ongoing conflict between Iran and the US-Israel alliance has severely disrupted shipping through the Strait of Hormuz, a vital passage for about a fifth of the world's oil and gas supplies and a third of global fertilisers necessary for food production.Before the conflict, an average of 138 ships a day transited the strait. However, following the escalation, 100 vessels have exited the Gulf and only 40 have entered in the past month, according to Lloyd’s List Intelligence.Despite over 20 reported attacks on ships in the region, including near-misses and damage to vessels, some ships are still attempting to cross, with Iran permitting 'non-hostile vessels' to use a 'safe corridor' in its territorial waters. This route allows Iranian authorities to visually verify vessels and potentially demand payment for safe passage.The International Maritime Organization (IMO) has raised concerns about the 20,000 seafarers stranded in stressful conditions with dwindling supplies. Over 30 countries have agreed to work together to safeguard the strait, with the UK offering to host an international security summit to devise a plan to reopen it.