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At a Pentagon briefing, Defense Secretary Pete Hegseth asserted that Iran’s request for a temporary cease‑fire was a direct result of the United States’ intensive air campaign, which he described as having reduced Iran’s weapons factories to rubble and rendered its military ineffective for years to come. Hegseth, standing beside Joint Chiefs Chairman Dan Caine, said the final wave of strikes before President Donald Trump announced a two‑week pause had completely destroyed Iran’s defense industrial base. While Iran can still fire from existing stockpiles, it can no longer replace lost munitions, according to the secretary. President Trump posted on Truth Social that he had agreed to suspend hostilities less than two hours before his self‑imposed deadline to “decimate the entirety of Iranian civilization.” The decision followed a last‑minute diplomatic push by Pakistan’s Prime Minister Shehbaz Sharif and army chief Gen Asim Munir. Iran’s foreign minister Abbas Araghchi confirmed Tehran’s acceptance of the pause, and the country’s supreme national security council announced it would send a delegation to Islamabad for formal talks starting Friday. Both sides claimed victory: Iran’s security council said it had achieved “nearly all the objectives of the war,” while the United States highlighted the crippling of Iran’s military capabilities. The cease‑fire ends a conflict that began on 28 February, when the U.S. and Israel launched nearly 900 strikes in a 12‑hour window against Iranian military infrastructure, missile sites, and leadership. The opening day saw the death of Supreme Leader Ali Khamenei, with his son Mojtaba Khamenei named successor on 8 March. Hegseth warned that the United States had prepared additional strikes on Iran’s power plants, bridges and energy infrastructure—targets he said Iran could not defend or rebuild for decades—if Tehran had refused the pause. According to Joint Chiefs Chairman Caine, 13 U.S. service members were killed during the fighting. Total casualties across the region exceed 5,000, including over 1,600 Iranian civilians and at least 1,497 deaths in Lebanon. By the sixth day of the war, U.S. military spending had reached roughly $12.7 billion, with a pending supplemental request of $200 billion before Congress. The future of a lasting settlement remains uncertain. Trump later announced that Iran would hand over its enriched uranium and cease all enrichment activities, while Iran’s supreme national security council released a 10‑point counter‑proposal that explicitly demands the right to continue enrichment. Disagreements also persist over the cease‑fire’s scope. Israel maintains that the pause does not apply to Lebanon, where ground and air campaigns are at their most intense since Israel’s northern invasion. Both Pakistan and Iran, however, have stated that Lebanon is included in the cease‑fire. Subsequent reports indicated Iranian missile and drone attacks on Kuwait and the United Arab Emirates, as well as strikes on Iran’s oil infrastructure on Lavan Island. Iran’s supreme national security council warned that its forces remain on high alert, stating, “our hands are on the trigger, and any mistake by the enemy will be met with full force.” When asked about the long‑term U.S. presence in the region, Hegseth replied unequivocally: “We’re not going anywhere.”

The US and Iran have agreed to a two-week ceasefire, leading to a decrease in UK interest rate hike expectations. City traders now predict only one rate rise by December, taking the Bank of England's base rate back to 4%. Previously, markets had priced in two rate hikes as tensions escalated, with Donald Trump warning of severe consequences if Iran did not comply with his demands. However, with the ceasefire in place, rate expectations have fallen, and only 32 basis points of hikes are now expected for the year, down from 62 basis points the previous day. The decline in rate expectations is linked to the significant drop in oil prices, with Brent crude down 13.3% to $94.71 a barrel. This decrease in oil prices could bring relief to UK consumers, potentially leading to lower petrol prices and easing inflationary pressures. Despite the current relief, experts caution that mortgage rates may not fall quickly. The average two-year fixed-rate mortgage has risen to 5.90%, the highest since July 2024. Analysts suggest that while the ceasefire may slow or pause mortgage rate increases, it is unlikely to trigger sharp falls. Chris Beauchamp, chief market analyst at IG, notes that the ceasefire brings relief for UK consumers but emphasizes that the chances of a rate hike by the Bank of England have been reduced. He adds that the 'heady days' of sustained rate cuts are unlikely to return in the short term. Adam French, head of consumer finance at Moneyfacts, advises that while easing tensions have pushed down expectations for future interest rate rises, mortgage rates are likely to remain higher for some time yet, with lenders cautious about making sudden moves due to market volatility.

Oil markets experienced a dramatic correction on Wednesday, with Brent crude falling 13.9% to $94.10 per barrel and U.S. WTI futures sliding almost 16% to $95, marking the steepest daily percentage drop since the COVID‑19 crash of April 2020. Despite the plunge, prices remain well above pre‑conflict levels, when Brent traded below $73.The price shock followed President Donald Trump's announcement of a two‑week, conditional ceasefire with Iran, contingent on Tehran reopening the strategic Strait of Hormuz for oil tankers. Iran’s foreign minister, Abbas Araghchi, confirmed the strait would be managed by the Iranian military during the grace period, while Iran’s national security council accepted the ceasefire on the condition that U.S. attacks be halted.Equity markets reacted positively. The pan‑European Stoxx 600 surged 4%, its biggest one‑day gain in over four years. In the UK, the FTSE 100 climbed nearly 3% to 10,646 points, its highest level since the early days of the Iran war. Travel and leisure stocks led the rally, with Air France up 14.5%, Lufthansa +11%, IAG +9.5% and TUI +12%.Oil majors were the notable laggards; BP and Shell each lost more than 5% as investors priced in continued supply uncertainty. Asian markets also posted strong gains: Japan’s Nikkei 225 rose over 5%, Australia’s S&P;/ASX 200 jumped 2.55%, South Korea’s Kospi surged 7.5%, Hong Kong’s Hang Seng added 3.1% and China’s CSI300 climbed 3.2%.Bond yields eased on the ceasefire news. The U.S. 10‑year Treasury yield fell to 4.24% from 4.30%, while the UK 10‑year gilt slipped to 4.7% from 4.9%.Safe‑haven assets rallied as well: gold rose more than 2% to $4,812 per ounce, and cryptocurrencies recovered, with Bitcoin up 2.9% to $71,327 and Ether gaining 5.6% to $2,234.Market strategists emphasized the provisional nature of the relief. Jim Reid, Deutsche Bank markets strategist, warned that “investors will be breathing a big sigh of relief, but the durability of the ceasefire remains the key risk.” He noted ongoing Israeli‑Iran strikes and unclear extensions to Lebanon could reignite volatility.Energy analyst Saul Kavonic (MST Financial) described the pause as “an off‑ramp for Trump’s bombastic ultimatum, but not yet an off‑ramp for oil markets or the war.” He expects a limited release of tankers from Hormuz in May, which would ease storage pressure without boosting production.Capital Economics chief economist Neil Shearing highlighted potential transit fees for Hormuz passage, estimating a $1‑2 million charge per tanker—equivalent to roughly $1 per barrel—would have a modest effect on global oil prices but could signal a de‑facto partial nationalisation of the route.TD Securities senior strategist Prashant Newnaha cautioned that “renewed escalation cannot be ruled out, but markets are treating this ceasefire as the real deal, and all parties will sell it as a major win.” He added that oil prices are unlikely to revert to pre‑war levels, keeping inflationary pressures alive.Earlier in the week, U.S. equities swung sharply, with the S&P; 500 dipping 1.2% before rebounding after Pakistan’s prime minister urged Trump to extend the deadline and keep the strait open.The conflict, which began after the U.S. and Israel struck Iranian targets in late February, has choked the Strait of Hormuz—through which about 20% of global oil and LNG supplies flow—fueling a worldwide energy crunch.

The horror market has finally recognised women as a core audience, a shift reflected in the latest teen‑focused feature The Cure. Directed by Nancy Leopardi and penned by Jonathan Bernstein and James Greer (known for Unsane), the film blends gothic dread with a biting commentary on wealth and longevity. The story follows Ally Braun (Samantha Cochran), a lupus‑stricken teenager confined to a Malibu mansion owned by her billionaire parents, Jeff (David Dastmalchian) and Georgia (Ashley Greene). When the couple hosts a gathering for investors interested in a private island designed as an apocalypse refuge, Ally slips away to the beach and befriends a mysterious newcomer, Brooke (Sydney Taylor). Their uneasy friendship triggers a series of dark revelations that expose helicopter parenting, clandestine life‑extension research, and society’s obsession with youth and beauty. While the premise brims with clever ideas, the execution falters in its final act. Narrative threads are hurried, and the climax resolves with a brief burst of violence that feels more like a budget‑driven shortcut than a satisfying payoff. The film’s limited locations and dim lighting betray a modest production budget, even as it depicts extravagant wealth. Nevertheless, the youthful ensemble injects the story with genuine charisma. Their performances provide the film’s most compelling moments, keeping the audience engaged despite the structural shortcomings. The Cure becomes available on digital platforms from 13 April.

Karim Baksh of Dasht, a remote Balochistan village, once relied on a diesel‑powered pump to irrigate his watermelon fields. After the 2022 Russia‑Ukraine war drove diesel prices sky‑high, he could no longer afford the fuel, forcing him to cut back his cultivated area. In 2023 he took a gamble: borrowing 300,000 Pakistani rupees (≈ $1,075) from relatives and installing a modest row of solar panels. Three years later, the panels run his pump without diesel, letting him water his crops even as global oil markets tumble amid the US‑Israel war on Iran and the temporary closure of the Strait of Hormuz, through which 20% of world oil and gas normally flows. Baksh’s experience reflects a broader national shift. Pakistan imports about 80% of its oil via the Hormuz chokepoint and sources 99% of its LNG from Qatar and the UAE. A Council on Foreign Relations report warns that a prolonged closure could trigger severe power shortages, factory shutdowns, and transport disruptions. Yet a quiet solar revolution is building resilience. Since 2018, rooftop solar installations have saved Pakistan over $12 billion in fuel imports, and at current prices the sector is projected to save another $6.3 billion this year alone. According to the independent think‑tank EMBER, solar’s share of the national energy mix surged from 2.9% in 2020 to 32.3% in 2025. This growth is not the result of a single government plan but of millions of individual decisions—farmers swapping diesel pumps, businesses installing panels, and households seeking reliable electricity. In urban centres such as Lahore and Karachi, solar rooftops are commonplace. Homeowners typically recoup installation costs within a few years, enjoy free electricity thereafter, and can even sell surplus power back to the grid through net‑metering. By 2025, 25% of Pakistani households use solar in some form, up from 15% in 2023, with over 280,000 consumers now participating in net‑metering schemes. However, the benefits are uneven. The upfront cost of a 3 kW system—about 450,000 rupees ($1,610)—and larger commercial setups costing up to 2.2 million rupees ($7,874) remain out of reach for many low‑income families. Analysts warn that non‑solar users, largely poorer households, are subsidising the grid usage of solar owners. Net‑metering has already shifted an estimated 159 billion rupees (≈ $570 million) of costs onto other consumers, raising concerns about a two‑tier energy system. The rapid expansion is powered largely by imports from China, which controls roughly 80% of the global solar supply chain. Chinese lithium‑ion batteries, now 20% cheaper than in 2024, enable storage for nighttime use, further reducing reliance on the national grid. Solar panel prices have plummeted: from 100‑120 rupees per watt in the early 2010s to about 30 rupees per watt today. This price collapse, combined with electricity shortages and rising tariffs after the 2022 oil price spike, made solar an attractive alternative for those able to invest. Government policy has been mixed. A 2015 net‑metering scheme encouraged adoption by offering roughly 25 rupees ($0.090) per kilowatt‑hour for exported power and by reducing import taxes on panels. More recently, concerns over the financial strain on the power sector led to a cut in the buy‑back rate to about 10 rupees ($0.036) per kilowatt‑hour. For Baksh, the policy shifts matter little. His solar‑powered pump guarantees water for his watermelons regardless of diesel price swings or geopolitical turmoil. He plans to expand his solar array, increase production, and ship his harvest to larger markets in Quetta and Karachi. In a region where temperatures can soar to 51 °C (124 °F), the sun has become a reliable ally—ensuring that, for farmers like Baksh, “the water keeps flowing no matter what.”

President Donald Trump issued a stark warning on Thursday, stating that the United States could carry out a “complete demolition” of Iran’s power plants and bridges within hours if Tehran does not fully reopen the Strait of Hormuz by the Tuesday deadline.The ultimatum follows a U.S. cease‑fire proposal that has been conveyed to Tehran through intermediaries. While Trump described Iran’s reply as “significant,” he added that it falls short of what Washington considers acceptable.Trump’s remarks intensify pressure on Iran to restore the vital shipping lane, which transports a large share of global oil. Failure to meet the deadline could trigger the threatened military action, raising the risk of further destabilisation in the already volatile Middle East region.

A former Meta employee based in London is being investigated by the Metropolitan Police’s cybercrime unit for allegedly downloading roughly 30,000 private Facebook images while employed by the company.According to court documents obtained by the Press Association, the suspect is said to have created a script designed to circumvent Meta’s internal detection systems, allowing him to access and extract the images without triggering security alerts.Meta confirmed that the breach was discovered more than a year ago. The company immediately terminated the employee, notified the affected users, and referred the matter to UK law enforcement. It also announced that its security infrastructure has been enhanced to prevent similar incidents.The individual remains on police bail, with magistrates requiring him to report to officers in May and to disclose any plans for foreign travel.Legal experts note that while the rogue employee could face charges under data‑protection and computer‑misuse laws, Meta’s liability hinges on whether it had “appropriate technical and organisational measures” in place. As senior data‑protection specialist Jon Baines of Mishcon de Reya explains, “If the employer has sufficient safeguards, the law does not punish the organisation for the actions of a rogue employee.” However, a finding that Meta’s safeguards were inadequate could expose the company to substantial fines or damages.The Information Commissioner’s Office (ICO) acknowledged the incident, emphasizing that “social media users should be able to trust that their personal information is handled responsibly.”Meta’s challenges come amid broader scrutiny of major platforms. Last month, a Los Angeles court held both Meta and Google liable for a woman’s childhood social‑media addiction, a ruling that could reshape platform accountability.

The International Monetary Fund (IMF) has issued a warning that emerging economies are facing a heightened risk of financial instability due to their increased reliance on market-based finance, particularly from hedge funds and investment funds. A cumulative $4tn flowed into emerging markets last year from outside the formal banking sector, which can bring benefits but also poses significant risks.The IMF's analysis suggests that this type of financing can be more volatile than traditional bank financing and is more likely to be withdrawn suddenly in times of financial stress. This can lead to abrupt retrenchments, intensify external financing pressures, raise borrowing costs, and trigger sharp currency depreciations, ultimately weighing on economic growth.The IMF highlights that some countries are already experiencing these challenges, particularly in the context of the war in the Middle East. Several emerging markets are experiencing a reversal of capital flows from non-resident non-bank investors, which can have a significant impact on their economies.The IMF also notes that hedge funds and mutual funds have the highest propensity to withdraw during market volatility, while pension funds and insurers tend to be more cautious. Additionally, the IMF warns about the growing flows of stablecoins into emerging economies, which can be vulnerable to wider fluctuations in cryptocurrency markets.The IMF's managing director, Kristalina Georgieva, warned that the conflict will lead to higher prices and slower growth, adding that even if the war were to stop today, there would be a lingering negative impact on the rest of the world.

In a recent security operation in the city of Hebron, Israeli soldiers resorted to tear‑gas deployment against a group of Palestinian youths. The incident, reported by Al Jazeera on April 6, 2026, adds to a series of confrontations that have marked the volatile environment of the West Bank. The use of crowd‑control agents during the raid highlights the heightened tension between Israeli security forces and the local Palestinian population. While the exact trigger for the deployment was not detailed, the episode reflects broader patterns of friction that have persisted throughout the region. Human‑rights observers often note that tear‑gas usage can exacerbate community grievances, potentially leading to further unrest. In the context of Hebron—a city with a long history of clashes—such incidents can have ripple effects on both local stability and the broader diplomatic landscape. International stakeholders continue to monitor the situation closely, emphasizing the need for restraint and dialogue to prevent escalation. The latest episode serves as a reminder of the fragile security dynamics that shape daily life in the contested territories.