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Spain has taken a firm stance against the US-Israel war on Iran by closing its airspace to US military aircraft involved in attacks. This decision, confirmed by Defence Minister Margarita Robles, underscores Spain's position as a leading critic of the conflict in Europe. The move forces military planes, including those based in the UK and other European countries, to bypass Spain when heading to targets in the Middle East, except in emergency situations. This development comes after Spain denied the US permission to use its military bases for operations related to the war. “We don’t authorise either the use of military bases or the use of airspace for actions related to the war in Iran,” Robles stated, emphasising Spain's clear stance. She described the war as “profoundly illegal and profoundly unjust.” Spanish Prime Minister Pedro Sánchez has been vocal in his opposition to the war, calling for the US, Israel, and Iran to cease hostilities. His statements have previously drawn criticism from former US President Donald Trump, who threatened to cut off trade with Spain. The decision to restrict airspace access could potentially worsen Spain's already strained relations with the White House. However, Economy Minister Carlos Cuerpo reiterated that Spain's stance is part of its broader refusal to participate in or contribute to a war initiated unilaterally and against international law. While US military aircraft can still use Spanish bases for logistics support under a bilateral agreement, 15 American KC-135 refuelling planes were recently diverted from bases in Spain to those in France and Germany.

The recent half-billion-dollar bet on oil prices just before Donald Trump's announcement of 'productive talks' with Iran has raised eyebrows. It appears that some traders had prior knowledge of the event, allowing them to make a profitable wager. This incident is not an isolated case. Suspiciously timed trades have been observed on Polymarket, an online prediction market, before major events like the US attack on Iran and the Venezuelan coup. A single account made over $400,000 in a short period, sparking concerns about insider trading and conflicts of interest within the Trump administration. The White House denies any wrongdoing, but the Trump family's cryptocurrency ventures and $1.5 billion in earnings during Trump's second term have fueled speculation. The lack of regulation in betting markets, which use cryptocurrency and are decentralized, makes it difficult to track and shut down these activities. The article highlights a broader cultural shift towards monetizing everything, including politics, and the glorification of being one's own boss. This environment has created a culture of unscrupulous greed, where politicians and influencers promote dubious investment platforms and side hustles. The author suggests that Trump's actions represent an acceleration of existing dynamics, rather than a new phenomenon. The blurring of lines between politics and entertainment has turned politics into a global get-rich scheme. While we may never know if Trump directly benefited from these suspicious trades, it is clear that he is well adapted to this deregulated, rapacious, speculative culture.

The Houthis are a militant group that emerged from a years-long civil war in Yemen as the country’s most powerful political force. Their strategic location at the entrance of the Red Sea allows them to disrupt international trade.The group, which has an estimated 20,000 fighters, represents the Zaidi branch of Shia Islam. The Houthis first began gaining mass support around the turn of the century from Shia Yemenis who were fed up with corruption and authoritarian leaders.In 2014, the Houthis captured the Yemeni capital, Sana’a, and a year later overthrew the western-backed president, Abd-Rabbu Mansour Hadi. Hadi was forced to flee, but his allies in Saudi Arabia and the UAE launched a military campaign, also backed by the west, to drive out the Houthis.The ensuing civil war led to an estimated 377,000 deaths and displaced 4 million people by the end of 2021. The UN brokered a 2022 truce between the warring sides in Yemen that has largely held.As part of Iran’s “axis of resistance”, the Houthis began targeting international shipping in the Red Sea after the 7 October 2023 attack on Israel by Hamas, which triggered the Israeli military campaign in Gaza. The Houthis’ campaign in the Red Sea – a major thoroughfare for world trade – brought chaos to global supply chains.The Houthis ceased their attacks after a US-brokered ceasefire between Israel and Hamas in October 2025.While the US says Iran has armed, funded, and trained the Houthis, the group denies being an Iranian proxy but says they share a political affinity. On 28 March, the Houthis fired missiles at Israel, vowing to continue military operations until Israel “ceases its attacks and aggression”.

The UK's retail industry is bracing for the impact of reforms to guaranteed working hours, which could affect over half of retail jobs. The British Retail Consortium (BRC) has warned that the changes, set to take effect from April, may make it harder for shops to employ people, particularly young workers, in part-time roles. The Employment Rights Act will introduce new protections for workers on sick pay, sexual harassment, parental leave, and trade union recognition. Additionally, the act will provide rights to guaranteed hours for those on zero or 'low hours' contracts, flexible working, payment for short-notice cancellation of shifts, and barring fire-and-rehire practices in most circumstances. The BRC, representing major UK retailers, suggests that guaranteed hours protections should only apply to contracts of eight hours a week or fewer, and the reference period to be at least 26 weeks – or ideally a full year. This, they argue, would better reflect seasonal working patterns and ensure reforms address genuine problems without undermining jobs. Helen Dickinson, the chief executive of the BRC, emphasized that flexible retail jobs are vital for millions of people, providing opportunities for students, parents, and those managing health conditions. She warned that if reforms treat flexibility as a problem rather than something workers actively choose, the risk is fewer opportunities and reduced access to work. The BRC noted that 55% of retail roles are part-time, significantly above the UK average of 33%. A survey of 2,000 adults by Opinium for the BRC found that 52% of UK adults think the ability to flex working hours around their lives is important. However, the shop workers' union Usdaw and the TUC have expressed support for the reforms, arguing that they will deliver benefits to those in insecure employment, particularly women and disabled workers, and provide greater job security and predictability for working people.

The Houthi rebels have escalated their conflict with Israel, expanding their military campaign to target the Jewish state directly. This development raises concerns about the security of Red Sea shipping lanes, which are vital for international trade.The Red Sea is a key route for global commerce, with many ships passing through the Suez Canal, which connects the Red Sea to the Mediterranean Sea. Any disruption to shipping in this area could have significant economic implications, affecting the flow of goods and commodities worldwide.The Houthi rebels' actions have already impacted the region's stability, with various countries closely monitoring the situation. The international community is watching closely to see how this conflict will unfold and what measures will be taken to ensure the safety of shipping lanes in the Red Sea.

The Houthis, an Iranian-backed group in Yemen, have recently launched missile and drone attacks on Israel, marking a significant escalation in the ongoing conflict. This move has analysts warning of a potential new front in the war, particularly with the group's ability to block the Bab al-Mandeb strait, a crucial passage for global commodities trade.The strait, situated between Yemen and the Horn of Africa, connects the Red Sea to the Gulf of Aden and is a key route for 10% of global trade, including a significant share of oil and gas shipments. Blocking this strait could have severe implications for the global economy, potentially disrupting trade and leading to increased inflation.Brigadier-General Yahya Saree, a military spokesperson for the Houthis, announced the group's first attack on Israel, followed by a second military operation using cruise missiles and drones. The Houthis have warned they will continue military operations until Israel ceases its aggression.The group's actions are seen as a significant development in the conflict, with Iran likely to welcome the Houthis' involvement. However, the extent of their participation remains uncertain, with some analysts describing their actions as token participation rather than full engagement.If the Houthis were to block the Bab al-Mandeb strait, it would create a nightmare scenario for global trade, particularly for Europe. This move, combined with potential restrictions on the Strait of Hormuz, could cripple trade and have far-reaching economic consequences.Analysts suggest that the Houthis' current posture reflects a deliberate calculation rather than restraint born of weakness. Their decision to target Israel directly, rather than escalating in the Red Sea, indicates a strategic approach aligned with Tehran's broader strategy.For now, the Houthis' threat to block the Bab al-Mandeb strait remains a significant concern, with global trade and economies potentially hanging in the balance.

Rachel Reeves, the UK Chancellor, is set to warn G7 nations that they must move faster on clean energy to insulate economies against global price shocks from oil and gas. This comes as she and Energy Secretary Ed Miliband meet with G7 finance and energy ministers.Reeves will emphasize that long-term energy security from renewables and nuclear is the only way to prevent future crises, in a rebuke to the Conservatives and Reform who have urged her to end the ban on new oil and gas licenses.“As we move faster on renewables and nuclear, our partners in the G7 must do the same – because staying stuck on the rollercoaster of global oil and gas prices will help nobody,” Reeves stated.Reeves will argue that the G7 nations should not “shift pressure on to partners or weaken collective resilience” – a veiled warning about easing sanctions on Russian energy or on new trade barriers.The UK government plans to implement the Fingleton review this year to speed up the delivery of new nuclear power.Reeves rejected calls from the Conservatives to issue new oil and gas licenses in the North Sea, stating they would not insulate the UK from further energy shocks or bring down UK consumers’ bills.

The UK's food self-sufficiency has been on a downward trend, falling from 78% in 1984 to 62% in 2024. This decline is largely attributed to the loss of farmland to non-farming uses such as buildings, roads, and conservation schemes. To address this issue, experts suggest that increasing food production on UK farms is crucial. However, promoting a more plant-based diet, while beneficial for health and environmental reasons, may not necessarily use fewer resources than traditional livestock farming. Beef cattle and sheep are often raised on extensively managed grasslands and mountain heath, which account for 38% of the UK's land area. This land receives minimal fertilizer and chemicals, and the animals are primarily fed on grazed and conserved grass. To improve food security, individuals can make a difference by making informed choices when shopping and cooking. Opting for local, organic, animal-friendly, and fairtrade products can contribute to a more sustainable food system. Additionally, growing one's own food, using seasonal products, and supporting local ventures can also help. Experts emphasize that it is essential to utilize the UK's existing food production resources efficiently, rather than wasting them on unsustainable practices. By adopting a more sustainable approach to food production and consumption, the UK can work towards a more secure food future.

The Houthis, a Shia sect backed by Iran, have entered the conflict with missile attacks on Israeli military sites. The true significance of their involvement depends on whether they intend to launch sporadic attacks or effectively close off the Red Sea to shipping. Disruption of the Bab al-Mandab strait and the Strait of Hormuz could have a devastating impact on global trade and economy. The Houthis' ability to interdict ships poses a significant threat, and their actions could drive up shipping costs and oil prices. The Houthis have a complex relationship with Iran, receiving arms from Tehran but not directly fighting on its behalf. A ceasefire with the US, mediated by Oman, has been in place since May 2025, but it does not apply to Israel. Saudi Arabia's role in Yemen's future is crucial, as it seeks to reach deals with the Houthis and former Southern Transitional Council (STC) supporters. The Houthis may act cautiously, seeking financial rewards from Saudi Arabia. The conflict could drag Yemen further into regional war, making peace more difficult and prolonging civilian suffering. The UN special envoy for Yemen, Hans Grundberg, has warned of the escalation's risks, stating it will deepen economic repercussions and prolong the suffering of civilians.