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Oil prices are continuing to rise as markets see no end in sight to the effective closure of the Strait of Hormuz. The critical waterway, which usually transports about one-fifth of the global oil supply, has been brought to a standstill by Iran in retaliation for US and Israeli strikes on the country.Brent crude, the most important benchmark for global prices, rose as much as 3 percent on Sunday to top $106 a barrel, before easing slightly early on Monday to $104.63 a barrel, up nearly 1.5 percent. This represents a more than 40 percent increase in global oil prices since the start of the war.US President Donald Trump has called on other countries to help Washington reopen the Strait, but his proposal has received a muted response. None of the countries he appealed to by name – including China, Japan, France, and the UK – have publicly committed to deploying their navies to secure the strait. Japan and Australia have both stated they have no plans to send ships to the critical waterway.The closure of the strait has resulted in what the International Energy Agency has called the largest disruption to global energy supplies in history. According to the United Kingdom Maritime Trade Operations (UKMTO) centre, no more than five ships have passed through the strait each day since the start of the war, compared with a historical average of 138 daily transits. At least 16 commercial vessels have been attacked in the region since the war began on February 28.Trump has repeatedly stated he is willing to deploy the US Navy to escort commercial shipping through the strait if necessary. However, Trump administration officials have said that warships will not be deployed to the waterway until Tehran's military capacity has been further degraded.

Raye's sophomore album, 'This Music May Contain Hope', is a bold, 73-minute concept album divided into four sections. The album tells the story of an emotional breakdown caused by romantic woe, online criticism, and a troubling call from her grandmother.The album features a wide range of musical styles, from retro soul to swing-era jazz, house music, and show tunes. Raye's soprano is occasionally deployed in distinctly operatic style, while her vocals take on the careful enunciation of a musical theatre star.The album boasts rococo orchestration reminiscent of Hollywood's golden era, with guest stars like Al Green and Hans Zimmer. While the album occasionally feels like A Bit Much, its highlights are 'skyscraping,' with tracks like 'Nightingale Lane' and 'Beware … the South London Loverboy' showcasing Raye's incredible vocal range and genre-bending style.Despite some flaws, the album pays off more often than it fails, making it a rare event in the 21st-century music scene: a wildly ambitious and fascinatingly messy miscellany of ideas that refuses to be pigeonholed.

Raheem Sterling's much-anticipated move to Feyenoord has yet to yield the desired results, as he struggled to make an impact in the highly anticipated De Klassieker against Ajax. Despite having a chance to attack Ajax's right-back Lucas Rosa, Sterling failed to capitalize, and his performance was marred by a lack of match fitness.The 31-year-old English forward, who joined Feyenoord on loan from Chelsea for the remainder of the season, has had a difficult start to life in the Eredivisie. With Feyenoord currently sitting in second place, albeit far behind league leaders PSV Eindhoven, the pressure is on Sterling to deliver results and help the team secure a Champions League spot.Feyenoord's coach, Robin van Persie, acknowledged Sterling's struggles, stating that the player's fitness levels and on-field impact need to improve. Van Persie emphasized the importance of winning matches during this period of Sterling's acclimation, highlighting the need for the team to deliver results.Sterling's performance in De Klassieker was a microcosm of his challenges at Feyenoord so far. Despite showing glimpses of his former self, including a smart first-time ball and some earnest tracking back, he failed to leave a lasting impact on the game. His substitution in the 59th minute was a testament to his underwhelming display.The clock is ticking for Sterling to turn his form around, with Van Persie expressing optimism about the player's potential to improve. However, with only a few months left on his loan deal, Sterling needs to quickly adapt to the Dutch league and prove his worth to Feyenoord and potential suitors.

The Albanese government is likely to introduce an extra levy on gas producers' high profits in response to the Iran crisis driving up energy costs for Australians. The prime minister's department has requested Treasury modelling of additional levies on gas companies, stating that energy producers 'should not benefit from high international prices at the expense of domestic customers'.Australia's gas industry is reaping extraordinary profits while households and businesses struggle with high fuel prices. This has sparked calls for a fair share levy to ensure gas companies pay their fair share of tax. The levy, based on Norway's taxation model, would see Australia share around 50% of profits, much more in line with world standards.Currently, Australia shares only 27% of fossil fuel profits, with some estimates as low as 18% when profit is defined in cashflow terms. In contrast, other major fossil fuel exporting countries typically share between 75% and 90% of profits.The fair share levy would provide significant and immediate cost-of-living relief if some of the revenue raised was returned to households. Research shows 87% of voters support a fair share levy, with only 3% disagreeing.Despite potential outrage from the gas industry, the levy is designed to not increase gas prices or deter investment, as seen in Norway's successful implementation. A stable, long-term commitment to the fair share levy would provide investment certainty.

EasyJet's chief executive, Kenton Jarvis, has announced that the ongoing conflict in the Middle East has started to impact flight bookings, with a notable drop in reservations for destinations such as Turkey, Cyprus, and Egypt. Bookings have slowed for summer, with passengers opting for 'usual suspects' like Spain, Greece, and Portugal instead.Jarvis attributed the decline to the Iran war and its effect on consumer confidence. He mentioned that while the airline has hedged much of its fuel into next year, soaring kerosene prices will likely lead to a rise in air fares by the end of the summer.Fuel prices have surged, with easyJet currently paying $700 (£520) a tonne for jet fuel, compared to current spot prices of $1,850. Jarvis noted that while most European airlines are well-hedged, fares will likely increase as the higher costs are passed on to consumers.The airline's hedging strategy means it can still secure a price of $1,000 in six months, but market expectations are that fuel prices will decrease. However, Jarvis warned that the reality is that prices will start feeding into consumer costs over the back end of summer.In related news, easyJet has reopened a base at Newcastle airport, which it closed in 2020 due to Covid-19. The base will bring 140 jobs and support over 1,000 new jobs in the wider north-east region, with plans to fly up to 800,000 holidaymakers out of Newcastle this summer.

Global stock markets swung wildly on Monday as investors reacted to US President Donald Trump's decision to postpone military strikes on Iranian power plants. The move led to a relief rally in European markets, with the French Cac 40, Spanish Ibex, and German Dax all rising by 0.8%, 1%, and 1.2% respectively.The FTSE 100 share index, which had fallen by almost 1.5% in early trading, reversed course to gain 0.4% before paring back to close down 0.2%. US markets were up more than 1% in early afternoon trading on Wall Street.Oil prices, which had been rising after Trump threatened to strike Iranian infrastructure, dropped sharply. Brent crude, the international benchmark, fell 10% to $101 a barrel. The UK month-ahead gas prices fell 6% to 142p a therm.Trump announced on his social media platform Truth Social that the US and Iran had “very good and productive conversations” over the past two days regarding “a complete and total resolution of our hostilities in the Middle East”. He said he had instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five-day period, subject to the success of ongoing meetings and discussions.The global economy has been bracing for much higher oil prices due to disruption in the strait of Hormuz, with Goldman Sachs forecasting Brent crude will average $85 a barrel this year, up from previous expectations of $77 a barrel. Brent hit $119.50 a barrel earlier this month, the highest since the war began.

Jaxon Smith-Njigba, the star wide receiver for the Seattle Seahawks, has secured a monumental contract extension. The deal, valued at $168.6m over four years, includes $120m guaranteed, making him the highest-paid wide receiver in NFL history.The annual salary of $42.15m surpasses that of Cincinnati Bengals star Ja’Marr Chase, who averages $40.25m per season on his four-year, $161m deal. This significant increase reflects Smith-Njigba's value to the Seahawks and his impressive performance on the field.In February, Smith-Njigba expressed his expectation of becoming the highest-paid at his position, stating, “I think I deserve to be the highest-paid at my position, just what I give to the game and the community, I give it my all. And I think that’s worth a lot, lot more.” He emphasized his passion for the game, noting, “I would play this game for free, I love this game so much, but you don’t have to. I’m learning to be a good businessman, and we need that check at the end of the day.”Smith-Njigba's achievements include being the NFL Offensive Player of the Year in 2025, setting franchise records with 119 receptions and 1,793 receiving yards, and catching 10 scoring passes. His playoff performance was stellar, with 17 catches for 199 yards and two touchdowns, including a strong showing in Super Bowl LX.At 24 years old, Smith-Njigba has accumulated 282 receptions for 3,551 yards and 20 touchdown catches in 51 NFL games. As the 20th overall pick in 2023 out of Ohio State, he is a two-time Pro Bowl selection, solidifying his status as a top player in the league.

The horror film The Mortuary Assistant, based on Brian Clarke's popular indie video game of the same name, stands out for its convincing practical effects. The movie recreates embalming techniques with remarkable accuracy, much like the game, which allows players to learn about these processes in detail.The film's strength lies in its simulation element, effectively placing viewers in the shoes of someone preparing a body for cremation. However, this aspect may appeal to a more niche audience compared to mainstream horror movies.Unfortunately, the film lacks balance in its narrative, with the characters of Rebecca and Raymond being portrayed as dark and tormented, leaving little room for contrast or character development. The introduction of demonic possession adds a familiar horror element, but it feels somewhat disconnected from the rest of the story.Despite its well-crafted direction and impressive practical effects, The Mortuary Assistant falls short in delivering a well-rounded horror experience. A potential sequel could explore more complex characterisation or a schlockier, more formulaic approach to create a more engaging narrative.The Mortuary Assistant is available on Shudder and AMC+ from 27 March.

The Last Blossom, directed by Baku Kinoshita and written by Kazuya Konomoto, is a quiet, contemplative anime feature that rarely gets a theatrical release. The film opens in a lonely prison cell, where the elderly former yakuza Akutsu finds an unexpected confidant in a talking balsam flower.Over the course of one sleepless night, Akutsu's life story unfolds in bursts. Thirty years prior, another balsam flower grows in the back yard of Akutsu's humble house, which he shares with Nana and her baby son, Kensuke. The relationship between the taciturn man and the bubbly young woman is seemingly platonic; Kensuke is not his son. Yet there are hints of romantic attraction; they share bowls of piping hot ramen noodles, play endless rounds of Reversi, and join in harmonising the Ben E King classic Stand By Me.In contrast to this alternative nuclear family, the yakuza world is still strictly traditional, revolving around machismo and codes of brotherhood. When Kensuke is diagnosed with a heart condition, Akutsu is lured into a criminal plot, which leads to his incarceration. Though encompassing much bloodshed and even a hidden treasure subplot, The Last Blossom is most moving as an exploration of human conscience, where a capacity for violence and kindness coexist.The paradox is reminiscent of Shōhei Imamura’s Palme d’Or winner The Eel, starring Koji Yakusho as a wife-murderer who shelters a pregnant woman after his prison release. With his unassuming buzzcut, in stark contrast to his flamboyant yakuza peers, Akutsu bears a striking resemblance to Yakusho’s protagonist. Though a minor work compared to Imamura’s, The Last Blossom similarly questions conventional notions of justice, and the impossibility of weighing one’s good and bad deeds.The Last Blossom is in UK and Irish cinemas from 27 March, and in Australian cinemas from 23 April.