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Oil and gas markets rallied on Thursday as investors grappled with the shaky outlook for the two‑week Iran‑Israel ceasefire. Brent crude rose more than 2% to $96.77 a barrel, while New York light crude climbed nearly 3% to $97.23, still shy of the $100 threshold that many traders watch. The previous session had seen Brent plunge 13.29% to a four‑week low of $94.75. In the gas sector, the UK month‑ahead contract rebounded 1% to 115.35p per therm after a 15% drop the day before. European natural‑gas futures also recovered, edging toward €46/MWh from a five‑week trough of €45.30. The price uptick reflects growing scepticism about the durability of the ceasefire announced a day earlier by the United States and Iran, which included a pledge to reopen the Strait of Hormuz. UAE and Kuwait reported intercepting Iranian drones, and Iran’s parliamentary speaker accused the United States and Israel of breaching several agreement points. Iran’s Revolutionary Guards warned of a “regret‑inducing response” if Israeli strikes on Lebanon continue. The latest Israeli barrage killed at least 254 people and wounded 837, prompting the Fars news agency to note that oil‑tanker traffic through the strait had been halted. Former President Donald Trump used his Truth Social platform to threaten that U.S. forces would remain in the region until a “real agreement” is fully honoured, warning that any non‑compliance would trigger “stronger than anyone has ever seen before” military action. Asian equity markets reacted negatively: Japan’s Nikkei slipped 0.7%, South Korea’s Kospi fell 1.7%, and Hong Kong’s Hang Seng edged down 0.4%. In Europe, the FTSE 100 dipped 0.1%, Germany’s DAX fell 0.6%, France’s CAC 40 dropped 0.3%, and Italy’s FTSE MIB slipped 0.2%. The pan‑European Stoxx 600 trimmed 0.1% after a near‑4% rally the day before, while U.S. futures pointed to a lower opening on Wall Street. Deutsche Bank strategist Jim Reid noted that market stress has eased compared with 24 hours earlier, as the ceasefire news generated renewed optimism and reduced fears of a stagflationary shock. On the diplomatic front, White House press secretary Karoline Leavitt announced that Vice‑President JD Vance will lead a delegation to Islamabad, with initial talks slated for Saturday morning. Jefferies chief European economist Mohit Kumar argued that, despite its fragility, the truce is likely to hold because of the “mutually assured destruction” calculus. He added that both sides now see a ceasefire as the lesser‑evil, given the escalating costs of continued conflict and the strategic challenges of securing cheap drone interceptors and a reliable Hormuz passage.

US Defense Secretary Pete Hegseth announced on Wednesday that the United States had achieved a "decisive" military victory over Iran, claiming the Iranian missile programme has been "functionally destroyed." Speaking alongside General Dan Caine, chairman of the Joint Chiefs of Staff, Hegseth described the operation—codenamed Operation Epic Fury—as a "historic and overwhelming" triumph that met every objective, including the dismantling of Iran’s navy, air‑defence systems and missile‑production capability. The declaration came a day after President Donald Trump stepped back from a threatened full‑scale assault on Iran, just two hours before a self‑imposed deadline for Tehran to reopen the blockaded Strait of Hormuz. The resulting cease‑fire agreement stipulates that Iran will not possess a nuclear weapon and that the United States will monitor the country’s enriched uranium stockpiles. While Hegseth emphasized that "they can still shoot here and there, but that would be very unwise," he also warned that US forces will remain in the region to ensure compliance with the two‑week cease‑fire and to oversee the safe transit of vessels through the strategic waterway. Iran’s response was equally emphatic. The Supreme National Security Council, cited by IRNA, congratulated the Iranian people on a "victory" and urged perseverance until the details of that victory are finalized. The council highlighted Iran’s alliances with the so‑called "axis of resistance" in Lebanon, Iraq, Yemen and occupied Palestine, claiming the coalition has delivered blows to the enemy over the past 40 days. At the same briefing, General Caine confirmed that US military objectives in Iran have been met, but framed the cease‑fire as a "pause" rather than a permanent end to hostilities, noting that forces remain ready to resume combat if necessary. In parallel diplomatic developments, a senior Iranian official told Reuters that Tehran could reopen the Strait of Hormuz on Thursday or Friday, contingent on a cease‑fire framework being reached ahead of a scheduled US‑Iran meeting in Pakistan. The closure of the strait has previously disrupted global oil and gas markets, making its reopening a critical economic signal. Trita Parsi, vice‑president of the Quincy Institute for Responsible Statecraft, told Al Jazeera that President Trump needed an exit from a war he described as "an absolute disaster" and that the next two weeks are "crucial" for any genuine diplomatic opening, though he cautioned that the situation is not yet resolved. Analysts note that the cease‑fire’s success will hinge on Iran’s willingness to allow unfettered navigation through the Strait of Hormuz and on US verification of Iran’s uranium holdings. The coming fortnight will test whether the declared victory translates into lasting stability in a volatile region.

Copenhagen returns to the London stage under Michael Longhurst’s direction at Hampstead Theatre, a timing the reviewer calls “terrifyingly timely.” The three‑hander dramatizes the 1941 encounter between Danish physicist Niels Bohr (played by Richard Schiff) and German scientist Werner Heisenberg (Damien Molony), set against the looming threat of Hitler’s nuclear ambitions. The production draws unsettling parallels to contemporary politics, invoking Donald Trump’s recent threats toward Iran as a modern echo of the era’s extremist rhetoric. This resonance, the reviewer notes, amplifies the play’s relevance alongside the theatre’s downstairs offering, ROI (Return on Investment), which also interrogates the morality of scientific discovery. Visually, Joanna Scotcher’s set is a striking, non‑realist circle surrounded by water—a subtle nod to the “heavy water” used in Nazi nuclear research and a poignant reminder of the personal tragedy that befell one of Bohr’s sons. The second half’s dense scientific dialogue is rendered accessible, though the reviewer argues it sometimes falls short of fully unpacking the deeper metaphors embedded in the science. Performance-wise, the age gap between Bohr and Heisenberg (Bohr being sixteen years senior) hampers the on‑stage chemistry. Schiff’s portrayal of the seasoned Bohr occasionally stumbles over lines, while Molony’s Heisenberg comes across as a brooding, almost adolescent figure. In contrast, Alex Kingston’s turn as Bohr’s wife and editor, Margrethe, provides the emotional core, shouldering much of the play’s affective weight. Thematically, the drama wrestles with the question of whether scientists bear a moral duty beyond their research. Heisenberg’s famed uncertainty principle is employed as a metaphor for the psychological ambiguity surrounding their historic meeting. Yet the script conspicuously omits any direct reference to the bombings of Hiroshima and Nagasaki, focusing instead on the fear of a Nazi atomic weapon and sidestepping the United States’ own nuclear legacy. While the production boasts compelling aesthetics and a thought‑provoking premise, the reviewer finds moments of sluggish pacing and a missed opportunity to confront the irony of overlooking the U.S. bombings, especially as contemporary concerns about American military assertiveness rise. The show runs at Hampstead Theatre, London until 2 May.

When Nike unveiled its official 2026 World Cup kit range in March, the designs were widely praised, with the United States' home shirt hailed as the most distinctive in years and other nations such as France, England, Canada and Uruguay receiving positive feedback.However, during the recent international break, a growing chorus of supporters highlighted a recurring problem: a pronounced bulge along the shoulder seam of many of the new jerseys. While the effect was subtle on some kits, it was stark on others – notably the sleek France shirt worn by Kylian Mbappé and the Uruguay jerseys that resembled a cartoon villain’s armor.Fans took to social media to share photos and complaints, with some claiming that steaming or pre‑washing the garments temporarily eased the issue, while others expressed outright frustration, describing the design as “stupid” and unsuitable for broader shoulder widths.Given that the jerseys retail for between $100 and $200, the defect poses a significant concern for both consumers and the national federations that expect their players to look immaculate on football’s biggest stage.In a statement to The Guardian, Nike acknowledged the flaw, noting that the problem was most evident during the recent break and that “performance is unaffected, but the overall aesthetic is not where it needs to be.” The company added that it is reviewing possible solutions in collaboration with partner federations and suppliers.The kits are built around Nike’s Aero‑FIT system, a computational‑design and stitch‑specific knitting process marketed as a way to keep athletes cool in what could be the hottest World Cup ever, hosted across the United States, Canada and Mexico. A source familiar with the technology confirmed that AI‑driven design data underpins the process.Nevertheless, the shoulder‑seam issue raises questions about the feasibility of a redesign with the tournament less than two months away and millions of jerseys already sold. Nike officials indicated that any corrective action would require a massive logistical effort.“We are a global team of best‑in‑class designers, creators and dreamers who spend every day thinking about how to innovate, challenge ourselves, and take risks that push the beautiful game,” the company said. “We always hold ourselves and our products to the highest standards and this fell short. We’re working quickly to make this right for players and fans, because every kit should reflect the care, precision and pride that the game deserves.”Nike’s partnership with the United States runs until 2033, while England’s agreement with the FA extends to 2030, meaning the brand will continue to supply kits for future tournaments despite this setback.

János Bődey's photograph of two elderly ladies dressed as bride and groom in a Hungarian retirement home has captured the essence of joy and love in old age. The image is part of his series Carnival at the Retirement Home, which showcases the fulfilling lives of pensioners who have overcome difficulties.In Hungary, the average pension is approximately £500 a month, making it challenging for retirees to afford leisure, culture, or travel. Additionally, the health of Hungarian pensioners often falls short of Western standards, and securing a spot in a retirement home can be a lengthy process.Bődey's subjects, Magdolna, 87, and Irén, 86, have lived with their husbands for over 50 and 62 years, respectively, until their spouses passed away. They attribute their long and happy lives to a combination of good genes, an active lifestyle, and a healthy marriage.The photographer's series aims to serve as a role model for both peers and the middle generation, demonstrating that it's possible to lead a fulfilling life in old age. The elderly ladies recommend a healthy, active life with plenty of walking and traveling, as well as avoiding debt.Bődey's work is a departure from his usual coverage of conflicts and social issues. He finds inspiration in the happiness and playfulness of the carnival celebrations, which begin in February to mark the end of winter.The photographer's experience has taught him the importance of preparing for retirement by gathering emotional and financial resources, setting goals, and being creative. His series has been shortlisted for the Sony World Photography Awards 2026 and will be exhibited at Somerset House in London from April 17 to May 4.

Allianz, one of the world's largest insurance companies, is taking legal action against six individuals allegedly involved in Palestine Action protests against the company. The insurer is seeking damages of almost £300,000 for protests at its UK offices in October 2024 and March 2025.The protests, carried out by Palestine Action, targeted Allianz over its provision of insurance to Elbit Systems UK, a subsidiary of Israel's largest arms manufacturer. During the protests, red paint was daubed over Allianz's UK headquarters in Guildford, Surrey, and its City of London office.The six defendants, who have been charged with criminal offences and pleaded not guilty, are applying to the civil court to stay the case brought by Allianz until after their criminal trials. An Allianz spokesperson stated that the company respects the right to lawful protest but will not tolerate alleged intimidation of staff, threats, or behaviour that endangers the safety and security of its people, business, or property.The defendants, including Seren John-Wood, Anna Letts, and George Elliott, expressed concerns about the civil case, citing the lower burden of proof in civil courts and the significant financial burden of defending the case. The case is believed to be the first civil case brought against individuals accused of involvement in direct action with Palestine Action.

Ian Cheshire, a seasoned City veteran and former CEO of Kingfisher, has been appointed as the new chair of Ofcom, the UK's media regulator. Cheshire, who previously served as the chair of Channel 4 until last year, will lead Ofcom through a critical period marked by rapid growth in online content and rising concerns over politically partisan broadcasting.Cheshire's appointment comes at a time when Ofcom is tasked with overseeing the implementation of the Online Safety Act, legislation aimed at regulating social media in the UK. He will serve a four-year term, pending approval from a parliamentary hearing. The new chair has expressed his commitment to effective regulation, stating that he has 'seen first-hand how much effective regulation matters – for consumers, for businesses and for the wider economy.'The technology secretary, Liz Kendall, praised Cheshire's 'proven track record of leading complex organisations through periods of significant change,' highlighting his suitability for the role. Cheshire's extensive experience includes leadership positions at Landsec, Barclays, and Debenhams. He is expected to succeed Michael Grade, who will step down at the end of the month.As chair of Ofcom, Cheshire will be responsible for guiding the regulator's efforts to ensure online safety and maintain fair and impartial broadcasting standards. His appointment was chosen over other candidates, including Margaret Hodge and Jeremy Wright. The role of Ofcom chair comes with an annual salary of £120,000 for a commitment of three days a week.

Arthur Rosenfeld, 73, and Meryl Tankard, 70, open the performance by introducing themselves as “sprightly old geezers,” setting a tone of candid humor that runs through the evening. The production, ‘Kontakthof – Echoes of 78,’ is a fresh staging of Pina Bausch’s iconic 1978 work, now re‑imagined by Australian choreographer Meryl Tankard. Unlike the 2010 London run that split the piece between teenagers and senior amateurs, this rendition features the eight surviving members of the original cast—all now in their late sixties to early eighties—performing the very roles they created half a century ago. A ninth dancer was absent due to illness. Their live movements are mirrored on a large screen by the black‑and‑white film of the 1978 performance, creating a visual palimpsest where past and present dance together. The choreography, set to 1930s dance‑hall songs, remains a wry commentary on courtship, power dynamics and consent. Tankard’s direction emphasizes the passage of time, allowing audiences to witness the same steps executed by bodies that have aged, yet retain a striking vitality. Dancers such as Josephine Ann Endicott, now in her seventies, glide across the stage in silk dresses, their frames more fragile but their confidence undiminished. Moments of poignancy arise when the film shows cast members who have since passed away. Onstage, John Giffin reaches for his late partner’s face, only to grasp empty air—a visual metaphor for loss that resonated deeply with the audience. Personal revelations punctuate the performance: Beatrice Libonati, 71, describes herself as “paranoid and a misanthrope,” while Tankard admits, “I wish I’d had children; I miss my mother every day,” underscoring the undercurrent of longing that runs through the piece. Beyond its narrative, the production offers a meditation on continuity. Bausch’s signature walking patterns—slow circles and linear traverses—are repeated, suggesting that despite changing bodies, the human species continues to tread familiar social routes. The music, unchanged from the original, carries on until the final dancer pauses, symbolising the inevitable end of the dance of life. The show runs at Sadler’s Wells, London through 11 April, offering a rare glimpse into how art can bridge generations and celebrate the endurance of the human spirit.

The World Health Organization (WHO) has suspended medical evacuations from Gaza to Egypt after a contract worker was killed by Israeli fire. The incident occurred on Monday, and WHO Director General Tedros Adhanom Ghebreyesus expressed his devastation over the confirmation of the worker's death.The WHO did not elaborate on the incident but stated that it was under investigation by the relevant authorities. Two staff members who were present during the incident were not injured. The medical evacuation of patients from Gaza via Rafah to Egypt, which had been planned for Monday, was suspended, and further evacuations will remain suspended until further notice.The Rafah crossing, which is the only crossing in Gaza that does not link to Israel, was reopened in February after a long closure by the Israeli military. This crossing is crucial for the entry of humanitarian supplies and for those in need of medical aid to leave and seek treatment abroad. The WHO has been overseeing coordination between Egypt and Israel since the opening of the Rafah crossing to facilitate those evacuations.However, crossing numbers have been far below expectations due to intense checks during the process by the Israeli authorities. Israel has also continued to limit the entry of humanitarian aid into the besieged territory and shut the crossing in the early days of the United States-Israeli war on Iran. Israel has repeatedly violated the ceasefire that came into force on October 10 after two years of devastating war.Referring to the incident on Monday in which a driver of a WHO car was killed, Israel's mission in Geneva said troops identified an unmarked vehicle approaching them and posing an immediate threat and they fired warning shots in response. The vehicle continued to accelerate towards the troops, who then responded with additional fire, and a hit was identified. The incident is under review.