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Economy Mar 29, 2026

Oil Prices Soar to Record Monthly Gain as Iran Conflict Disrupts Markets

The Brent crude oil price is on track for its largest monthly gain on record, surging 51% since the…
The ongoing conflict in Iran has caused significant turmoil in the global oil markets, with Brent crude oil prices climbing 51% since the start of March, according to LSEG data. This surge has put Brent crude on track for its biggest monthly gain on record, surpassing the previous record of 46% set in September 1990 during the first Gulf War.On Friday, Brent crude closed at $112.57 a barrel, up from $72.48 a barrel on February 27, the day before the US-Israeli war on Iran began. The price of Brent crude traded as high as $119.50 a barrel during March, its highest level since June 2022, after Iran largely closed the Strait of Hormuz, a critical passage for a fifth of global oil and gas.Despite a coordinated release of 400m barrels of oil from emergency reserves announced on March 11, oil prices continued to climb throughout the month. Analysts at BloombergNEF estimate that 9m barrels of oil per day have been knocked off global oil supply due to the Middle East conflict.The conflict has also had a ripple effect on other assets, with gold prices falling by almost 15% since the start of March, on track for its worst month since 2008. The spot price of gold has been under pressure from the sale of about $3bn of bullion by the Turkish Central Bank last week, which cut its reserves by almost 50 tonnes to 772 tonnes to fund efforts to stabilize the Turkish lira.The Dow Jones industrial average has also been impacted, entering a correction at the end of last week, more than 10% below its record high. Stocks fell despite US President Donald Trump's latest extension on planned strikes against Iran's energy infrastructure, as investors anticipated prolonged disruption to oil from the Gulf.“Markets appear to be placing less weight on White House jawboning and focusing more on the underlying supply risks,” said Fawad Razaqzada, an analyst at City Index. Britain's stock market also had a poor month, with the FTSE 100 index falling more than 8% – on track for its worst month since March 2020, when Covid-19 rocked financial markets.
#Brent crude #Iran #OPEC
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Commentisfree Mar 29, 2026

Trump's Iran Conundrum: A War of Choice or a Path to Catastrophe

The article discusses the escalating tensions between the US and Iran, with President Trump conside…
The possibility of US ground troops being sent into combat on Iranian soil is growing, driven by President Trump's desire to avoid being personally and politically humiliated in a war he started, mismanaged, and cannot end. Such a self-serving escalation could prove catastrophic for Trump and the American people, given the history of US military interventions in the region.Trump insists that the war is all but won, Iran is suing for peace, and talks are making good progress. However, in the real world, Iran is still fighting on all fronts, Israel is still bombing, the Strait of Hormuz remains largely closed, and the Iran-allied Houthi militia in Yemen has joined the war, attacking Israel and potentially blocking Red Sea trade routes.The US and Iran have each issued maximalist demands, but there is no sign of actual negotiations. They are even further apart than they were before Trump, egged on by Benjamin Netanyahu, abandoned diplomacy last month. Sometime soon, Trump will be forced to confront the huge gap between what he wants and what's on offer. At that point, he could turn to the troop buildup in the Gulf and order ground attacks.It's incredible to think that after all the mortal agony and anguish of Iraq and Afghanistan, a US president is once again seriously contemplating boots on the ground in the Middle East. Trump's stumped, hoist by his own petard, stuck between a rock and a hard place, and up the creek without a paddle. The creek in question is, of course, the Strait of Hormuz.Trump is increasingly isolated and out on a limb. His wealthy Arab business cronies no longer trust him. US bases on their territory now resemble a liability, not a defence. When he demanded NATO's help, Europe said: we'll let you know. Likewise, Iran's ethnic Kurds are less than keen to die for a muppet. Support for the war among the US public and the Maga right, always weak, is a fast-vanishing mirage.If Trump were to order ground attacks – both he and Netanyahu have publicly discussed the possibility – the targets would most likely be the coastal batteries, missile defences, and concealed armed speedboat bases dotting the northern flank of the Hormuz strait. An attack on the Kharg oil export terminal further up the Gulf is also predicted.The inherent, inescapable military risks are daunting. Casualties would be inevitable. Even if operations went well in the short term, questions would immediately arise about potential escalation when Iran counterattacked, expansion of the operational area, and duration of the occupation.
#trump #iran #his
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Politics Mar 29, 2026

UK Government Considers Banning Addictive Social Media Features for Children

The UK government is considering banning addictive social media features that target children, with…
UK Prime Minister Keir Starmer has expressed strong support for curbing addictive social media features that target children, stating that the government 'will have to act' to regulate these features. In an interview with the Sunday Mirror, Starmer emphasized that these features 'shouldn’t be permitted' and that the government is committed to taking action.The government's education secretary, Bridget Phillipson, also weighed in on the issue, stating that social media platforms are 'designed to keep you there' and that the government will closely examine how to tackle addictive features. The comments come amid a growing debate about the impact of social media on children's mental health and wellbeing.The UK government's consultation on social media regulation has garnered significant attention, with nearly 30,000 parents and children responding to the digital wellbeing consultation. The government is considering a range of options, including a ban on social media for under-16s, which has already been enacted in Australia.The move comes after a US court ruling found Meta and Google liable for a woman's childhood social media addiction, awarding $6m in damages. The companies plan to appeal the decision. The UK government's consultation will also examine the use of addictive algorithms and algorithmically driven content on social media platforms.As part of the consultation, hundreds of UK teenagers will trial social media bans, digital curfews, and time limits on apps as part of a government pilot. The government aims to introduce significant changes to regulate social media and protect children online.
#UK Government #Keir Starmer #Social Media
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Sports Mar 29, 2026

USMNT Suffers 5-2 Drubbing by Belgium, Exposing Gaps in Team Chemistry

The US Men's National Team (USMNT) suffered a 5-2 loss to Belgium in an international friendly, hig…
The US Men's National Team (USMNT) faced a daunting challenge as they welcomed Belgium to Mercedes-Benz Stadium for an international friendly, but the match ended in a 5-2 drubbing for the home side.Coach Mauricio Pochettino's squad, still finding its footing under his leadership, struggled to contain Belgium's offense, conceding five consecutive goals after taking an early lead. The loss exposed significant gaps in team chemistry and cohesion, particularly in defensive sequences.Pochettino acknowledged that his team's performance was disjointed and uneven, with players visibly unsure of their responsibilities on the field. He noted that when his team matched Belgium's intensity, they were 'even, in some moment, we were better,' but couldn't sustain that level throughout the 90 minutes.The match saw several US players, including Tim Weah and Christian Pulisic, struggle to adapt to their roles, while Belgium's Jérémy Doku proved particularly troublesome for the US defense. The scoreline flattered Belgium, but Pochettino emphasized that it was a valuable learning experience for his team.With only one friendly remaining against Portugal before naming his squad for the 2026 World Cup cycle, Pochettino faces a challenging task in fine-tuning his team's performance and chemistry. The March window has turned into a 'hell week' for the USMNT, with Tuesday's match against Portugal being the last chance to iron out kinks before the grand stage.
#usmnt #belgium #soccer
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Science Mar 29, 2026

The Unlikely Allure of Moth-Watching: Uncovering the Fascinating World of Lepidoptera

The article explores the author's passion for moth-watching, highlighting the complexity and beauty…
While birdwatching is a well-known hobby, moth-watching is gaining popularity as a fascinating and misunderstood pursuit. A recent study on birdwatching found that becoming an expert birder causes changes to the brain that may help protect against age-related cognitive decline. The study, led by Erik Wing, discovered that expert birders show more activity in brain regions linked to visual processing, attention, and working memory when identifying difficult species. The author, a self-proclaimed moth enthusiast, argues that moths are orders of magnitude more difficult to distinguish than birds, with over 2,500 species in the UK alone. The author participates in the Garden Moth Scheme, a citizen science project that has been running since 2008, and has found that moths play a vital role in the natural world, pollinating plants, providing food for wildlife, and contributing to nutrient cycling. Despite their importance, moths are often misunderstood and maligned, with many people viewing them as pests. However, the author highlights the beauty and diversity of moths, with some species having intricate patterns and colors that rival those of butterflies. The author also notes that moths are harbingers of environmental change, with many species declining in abundance due to habitat loss and climate change. The Garden Moth Scheme has revealed a troubling trend of declining moth populations, with half of UK garden moth species showing a decrease in abundance. This decline has significant implications for the balance of the natural world. The author concludes that moth-watching, like birdwatching, can be a mindful and rewarding hobby that not only promotes appreciation for nature but also supports brain health.
#Lepidoptera #MothWatch #Cognitive Decline
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Sports Mar 28, 2026

Iran Football Team Pays Emotional Tribute to School Strike Victims Amid War

The Iranian men's national football team paid tribute to the victims of a school strike in Minab, I…
The Iranian men's national football team made a poignant gesture before their friendly match against Nigeria in Turkey, wearing black armbands and posing with pink and purple school bags with ribbons on them. This powerful display was a tribute to the victims of a devastating air strike on a primary school in Minab, Iran, which occurred on the first day of the Middle East war on February 28. The air strike killed at least 170 people, including students and teachers. The attack happened on the day the United States and Israel launched the war with attacks across Iran. Iran's foreign minister accused the US of a "calculated, phased assault" on the school. According to The New York Times, preliminary findings of a US military investigation indicate that a US Tomahawk cruise missile hit the school due to a targeting mistake. The US military had been bombing an adjacent Iranian base, of which the school building was formerly a part, using outdated data to set the target coordinates. US President Donald Trump initially suggested that Iran itself may have been responsible for the attack, despite the country not having Tomahawk missiles. The incident has added to the tensions between Iran and the US, with Iran qualifying for the World Cup finals this summer but asking for its matches to be moved from the US to Mexico due to concerns over player safety. In the friendly match, Iran lost 2-1 to Nigeria. The team's gesture was a powerful reminder of the human cost of conflict and the impact on innocent civilians, particularly children.
#Iran national football team #Minab school strike #Nigeria
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Video Mar 28, 2026

Multiple Explosions Rock Tehran and Isfahan in Deadly Attacks

A series of intense bombings has struck Tehran and Isfahan, causing significant concern and disrupt…
Reports are emerging of multiple explosions occurring in the Iranian cities of Tehran and Isfahan. The incidents have resulted in a heightened state of alertness and concern among local authorities and residents. The source of the bombings and the extent of the damage remain unclear. However, eyewitnesses describe the scenes as chaotic, with emergency services quickly responding to the affected areas. Iran has been a focal point of geopolitical tensions in recent years, and these bombings are likely to exacerbate existing concerns about regional stability. As more information becomes available, it is expected that there will be a significant impact on international relations and security measures in the area.
#intense #bombing #tehran
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News Mar 28, 2026

Israel Strikes Iranian Nuclear Sites Amid Escalating Conflict

Israel has launched strikes on several Iranian nuclear sites, including a uranium processing facili…
Israel has confirmed that it has struck a uranium processing facility in the central Iranian city of Yazd, in an escalatory move that comes as regional diplomats have been attempting to broker an agreement to halt the joint US-Israeli war on Iran.The Israeli Air Force said it hit a plant used to extract raw materials essential to the uranium enrichment process, describing it as a 'unique facility' in Iran's nuclear infrastructure. Iran's Atomic Energy Organization confirmed the strike, but said there were no casualties or radiation leaks.A projectile also hit near the Bushehr Nuclear Power Plant, Iran's Atomic Energy Organisation said. The attack caused 'no casualties, financial, or technical damage,' the organisation said.Friday marked day 28 of the conflict, and the assault by the Israeli army was part of a broad wave of attacks on sites across the country. The Khondab Heavy Water Complex in central Iran was hit, as well as two major steel plants: the Khuzestan Steel facility and the Mobarakeh Steel complex in Isfahan.Foreign Minister Abbas Araghchi said Iran will 'exact heavy price' for Israeli attacks on several important infrastructure sites. 'Israel has hit 2 of Iran's largest steel factories, a power plant and civilian nuclear sites among other infrastructure,' said Araghchi in a post on X.Strikes also hit areas in and around Tehran, the city of Kashan and Ahwaz, while 18 people were killed in Qom. More than 1,900 people have been killed in US-Israeli attacks on Iran since the war began on February 28.Iranian officials said US-Israeli strikes have damaged at least 120 museums and historical sites across the country since hostilities began.Negar Mortazavi, a senior non-resident fellow at the Center for International Policy, told Al Jazeera that even Iranians who had been critical of their own government increasingly view the war as an assault on the Iranian people rather than its leadership, saying the targeting of water, electricity, gas, cultural heritage, schools and hospitals was 'unacceptable.'Israeli Defence Minister Israel Katz said Israel would 'intensify' its campaign and expand the range of sites it targets, accusing Tehran of deliberately directing missiles at Israeli civilians.
#israel #iran #conflict
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Politics Mar 28, 2026

US Military Efforts Only Destroyed a Third of Iran's Missile Arsenal

The US has only managed to destroy about a third of Iran's missile and drone arsenal after a month …
The ongoing conflict between the US and Iran has yielded limited results in terms of destroying Iran's ballistic missile capabilities. According to a report by Reuters, based on information from five people familiar with US intelligence, the US has only destroyed about a third of Iran's missile and drone arsenal after a month of military action. The report suggests that another third of Tehran's missiles may have been damaged or buried in underground tunnels and bunkers, leaving a sizeable stockpile still accessible to Iran. This assessment directly contradicts statements made by Donald Trump on Thursday that Tehran had "very few rockets left" and claims from other US officials that the war has eliminated Iran's ballistic missile capabilities. Iranian officials view their ballistic missile program as a crucial deterrent against the US and Israel, given the significant military superiority of these countries. Iran has effectively used ballistic missiles and drones over the last month to attack Israel and critical infrastructure in the Gulf, causing substantial damage to the global economy. The US and Israel have identified degrading Iran's ballistic missile capacity as a primary objective of the war. Washington has deployed thousands of additional troops to the Middle East in recent days, with the administration reportedly considering a ground operation on Kharg island to reopen the Strait of Hormuz. Israel has targeted ballistic missile caches and launchers in its aerial campaign against Iran, claiming to have "neutralized" 335 or 70% of Tehran's missile launchers. However, Iran has dispersed its launchers across the country to evade detection and airstrikes, making it challenging for Israel and the US to completely eliminate the threat. Despite the decline in the number of launches due to the ongoing bombing campaign, Iranian missiles have still managed to hit Israel and the Gulf, as interceptors also run out. The conflict has resulted in billions of dollars spent and critical interceptor stocks expended by Israel, the US, and Gulf states to block Iranian missile barrages. A US official noted that assessing Iran's missile stockpile accurately is difficult due to much of it being stored underground, suggesting that "I don't know if we'll ever have an accurate number". The vast tunnel network created an extra challenge in destroying Iran's missile stockpile, but the US military has vowed to continue its efforts.
#US Military #Iran #ballistic missiles
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