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UK Prime Minister Keir Starmer and former US President Donald Trump convened to explore military options aimed at reopening the Strait of Hormuz. The discussion reflects heightened concern over recent disruptions that have threatened the flow of oil through the narrow Gulf passage. The Strait of Hormuz, a critical chokepoint through which roughly 20% of global petroleum shipments transit, has faced intermittent closures due to regional tensions. Both leaders emphasized that ensuring safe passage is essential for stabilising global energy markets and preventing price spikes. While specific operational plans were not disclosed, the dialogue reportedly focused on coordinated naval patrols and the potential deployment of rapid-response forces to deter any further blockades. Analysts note that such a joint stance could signal a broader Western commitment to maintaining freedom of navigation in the Persian Gulf. Experts caution that any military escalation carries risks, including the possibility of widening the conflict with regional actors. Nonetheless, the meeting highlights the strategic priority placed on the Strait by both London and Washington, aiming to safeguard a vital artery of the world economy.

The United States has experienced a notable surge in inflation, with consumer prices rising by nearly 1 percent in March. This significant increase, one of the highest short-term inflation rates in years, is largely attributed to the disruption of energy markets amid the ongoing conflict with Iran. According to a report by the US Bureau of Labor Statistics, the inflation rate in March was 0.9 percent, up from 0.3 percent in February. This marks the largest increase since May 2022, during the peak of the cost-of-living crisis triggered by the COVID-19 pandemic. The March increase was primarily driven by energy prices, with gasoline prices surging by 21.2 percent and fuel oil prices increasing by more than 30 percent. The energy index saw a 10.9 percent increase in March, the largest monthly rise since September 2005. The escalation in prices followed the US and Israel's launch of an all-out war on Iran on February 28, which resulted in the killing of Iran's Supreme Leader Ali Khamenei. In response, Tehran closed the Strait of Hormuz, causing oil and gas prices worldwide to skyrocket. The price of a barrel of oil reached $120, up from about $70 on February 27. In the US, the price of one gallon of gasoline exceeded $4.1, a significant increase from less than $3 before the conflict began. Although a two-week ceasefire was agreed upon between the US and Iran, marine traffic in the Strait of Hormuz remains at a fraction of its pre-war levels. US President Donald Trump has warned Iran against blocking the strait or charging vessels for safe passage. About 20 percent of the world's oil passes through the Strait of Hormuz. While the ceasefire has brought some relief to the global energy market, with oil prices dropping to less than $100, US consumers are still paying $4.15 on average at the petrol pump. Experts suggest that it will take several months for prices to stabilize. The inflation report comes as US politicians focus on the cost of living and affordability, ahead of the November midterm elections. Trump's Democratic rivals have criticized him for launching the war without congressional approval, highlighting the increased economic costs for Americans.

Shipping through the strategic Strait of Hormuz remains effectively halted even after Washington and Tehran announced a two‑week ceasefire on Tuesday, dampening expectations of a swift end to one of the most severe energy disruptions in recent memory. According to ship‑tracking data from market‑intelligence firm Kpler, only five vessels crossed the waterway on Wednesday, down from eleven the day before, and seven managed the passage on Thursday. The figure is a stark contrast to the pre‑conflict norm of 120‑140 daily transits that the strait typically handled before the February 28 attacks by the United States and Israel. More than 600 vessels, including 325 tankers, are still stranded in the Gulf, as reported by Lloyd’s List Intelligence. Ana Subasic, Kpler’s trade‑risk analyst, warned that even if the ceasefire holds, safe‑passage capacity is likely to stay limited to 10–15 ships per day, reflecting shipowners’ caution and the absence of any toll‑free guarantee. The strait channels roughly one‑fifth of the world’s oil and LNG supplies. Its continued blockage therefore sustains pressure on global energy markets. After a brief dip, Brent crude rose to $96.39 a barrel at 02:00 GMT on Friday, having slipped below $95 the previous day. U.S. President Donald Trump accused Iran of violating the ceasefire’s “safe passage” clause, labeling Tehran’s performance “very poor” in a Truth Social post. Iran’s foreign minister, Abbas Araghchi, countered that the United States had not honored its commitments, urging Washington to choose between a genuine ceasefire and “continued war” linked to Israel’s actions in Lebanon. Maritime veteran C Uday Bhaskar described the atmosphere in the strait as one of “uncertainty and anxiety,” noting that shipping firms remain fearful, especially after Iranian statements about newly laid mines. Sultan Ahmed Al Jaber, CEO of the UAE’s state‑run oil giant ADNOC, echoed the sentiment, asserting that Iran’s conditional permissions amount to “coercion, not freedom of navigation.” Asian equity markets responded positively to the tentative easing of oil price pressure. Japan’s Nikkei 225 climbed 1.8 %, South Korea’s KOSPI rose about 2 %, and Hong Kong’s Hang Seng Index gained roughly 1 % in early Friday trading. While the ceasefire offers a diplomatic window, the reality on the water remains stark: the Strait of Hormuz is far from open, and the global energy system continues to feel the strain of constrained maritime traffic.

The recent ceasefire between the United States, Israel, and Iran has brought a fragile calm to the region, but experts warn that energy prices may take months to normalize. The conflict had a significant impact on global oil and gas supplies, particularly through the Strait of Hormuz, a critical waterway through which 20% of the world's oil and gas exports pass.Iran's response to US-Israeli attacks included choking off the Strait of Hormuz and attacking energy infrastructure in several Gulf countries. This led to soaring prices for energy and byproducts like helium, as well as fertilizers that rely on these inputs, affecting sowing seasons and consumers worldwide, especially in developing countries.Experts stress that a predictable and stable flow of cargo through the strait is needed before markets can stabilize. Currently, only a trickle of vessels are passing through, with five vessels crossing on Wednesday and seven on Thursday, down from 120-140 ships per day before the conflict.Rockford Weitz, a professor at The Fletcher School at Tufts University, described the situation as 'the biggest disruption in the history of global oil markets.' He emphasized that normalization will take time and requires collaboration among global powers and regional players.Additionally, concerns remain about Iran charging toll fees and skyrocketing insurance fees, which could keep oil prices high. However, experts agree that these fees are not the primary cost drivers.The International Monetary Fund (IMF) has warned of a looming inflation crisis and plans to downgrade its forecast for the world economy. Kristalina Georgieva, IMF managing director, stated that growth will be slower, even if the new peace is durable.For now, oil prices are expected to remain higher than pre-war levels due to the overhang of greater risk premium of supplies out of the Gulf. The situation remains uncertain, with experts closely watching for any side deals, such as a potential agreement between Iraq and Iran, which could impact oil production and prices.

British authorities have taken a significant step in addressing the tragic loss of life during a recent Channel crossing attempt. A 27-year-old Sudanese man was arrested on suspicion of endangering another person after four individuals lost their lives while trying to cross the English Channel from France.The National Crime Agency (NCA) reported that the suspect was detained at a migrant processing centre in Manston, southern England. The arrest was made under the Border Security, Asylum and Immigration Act, specifically for endangering another during a journey by sea to the UK.The incident occurred when two men and two women were swept away by strong currents while attempting to board a small boat off the coast of Saint-Etienne-au-Mont, near Calais in northern France. This tragic event follows a similar incident last week where two men, one Sudanese and the other Afghan, died trying to make the crossing.The NCA is conducting an investigation into the circumstances surrounding the deaths, working in conjunction with French prosecutors. 74 people were on board the boat, with 38 being returned to France. The agency's Deputy Director, Craig Turner, emphasized their commitment to identifying and bringing to justice those responsible for these tragic deaths.The UK government has vowed to continue preventing these perilous journeys and to bring those responsible to justice. Minister for Migration and Citizenship, Mike Tapp, highlighted the strengthened powers under the Border Security Act to disrupt and take down the operations of criminal smuggling gangs.

The Final Window for Disrupt 2026 RegistrationThe clock is ticking on the most significant opportunity for tech professionals to attend TechCrunch Disrupt 2026. With savings of up to $500 expiring at 11:59 p.m. PT tonight, the window to secure a pass is closing rapidly. This is the last chance to lock in a discounted rate for an event that promises to define the trajectory of the tech industry in 2026.San Francisco’s Moscone West: The Epicenter of InnovationTaking over San Francisco’s Moscone West from October 13–15, Disrupt 2026 is set to be a three-day powerhouse of industry activity. It is not merely a conference but a curated ecosystem designed for those actively building the future. The venue will host a tightly focused experience where the noise of the market is filtered out, leaving only the signal of genuine innovation.Why 10,000 Attendees and 300 Startups MatterThe scale of the event is a key differentiator. With 10,000 founders, VCs, and operators expected, the density of opportunity is unmatched. Furthermore, 300+ startups will showcase their innovations across the venue, while the Startup Battlefield 200 pitch competition offers a high-stakes environment for emerging unicorns. This concentration of talent creates a unique market dynamic where deals are not just discussed—they are executed.Curated Connections Over Passive AttendanceThe value proposition lies in the quality of interaction. Unlike generic trade shows, Disrupt focuses on intentional connections—facilitating direct dialogue between founders seeking capital and VCs hunting for the next big idea. It is a venue where operators exchange real-world lessons on scaling and shipping what’s next. For aspiring innovators, it provides a front-row seat to tomorrow’s technology.The Strategic Value of Early AccessAs the deadline approaches, the opportunity cost of missing this event increases. Securing a pass now ensures access to the same high-profile speakers and networking pool, but at a significantly reduced cost. For any professional looking to align their 2026 strategy with industry leaders, this is the critical moment to act and step into the conversations that move the business forward.

The 2026 NFL draft is shaping up to be an interesting one, with a mediocre quarterback class and a lack of standout players at skill positions. However, amidst the uncertainty, several under-the-radar prospects have emerged as potential game-changers. Cole Payton, QB, North Dakota State, is a one-year starter with impressive athleticism, but his throwing mechanics need refinement. He could be a late-round pick with potential as a developmental quarterback or a do-everything offensive weapon.Chris Bell, WR, Louisville, is a big, physical receiver who excels on short routes and has the ability to create after the catch. Despite concerns about his injury history and penalty issues, Bell has the talent to make an impact outside the top 50 picks.Max Iheanachor, OT, Arizona State, is a mammoth tackle with exceptional size, athleticism, and strength. Despite being a relative newcomer to football, Iheanachor has shown promise and could sneak into the first round if teams bet on his raw talent.Caleb Banks, DL, Florida, is a disruptive defensive lineman with a rare combination of size, speed, and power. However, his persistent foot injuries and relatively muted production raise concerns about his durability and potential impact.Uar Bernard, DL, NFL International Player Pathway Program, is a 21-year-old Nigerian prospect with extraordinary athleticism, but it's unclear if he can translate his skills to the football field. Teams will likely take a chance on him in the seventh round, given his roster exemption and potential for development.

European airports have issued an urgent warning that jet fuel shortages could materialise within the next three weeks if the Strait of Hormuz remains closed.Airports Council International (ACI) Europe addressed a letter to EU transport commissioner Apostolos Tzitzikostas, stating the bloc is only three weeks away from a systemic shortage.The threat is linked to the ongoing US‑Israel conflict with Iran, which has effectively shut the strait—a key shipping lane for Gulf oil exports—pushing Brent crude to around $96 per barrel, up from roughly $72 before the hostilities.ACI warned that without a stable resumption of traffic through Hormuz within three weeks, a “systemic jet fuel shortage is set to become a reality for the EU.”Jet‑fuel prices have more than doubled year‑on‑year, reaching $1,650 per tonne according to IATA data. Europe’s price surge stands at 138%, while Asia has seen a 163% increase.Ryanair chief Michael O’Leary highlighted that the United Kingdom, heavily dependent on Kuwaiti supplies, is the most vulnerable market in Europe.Shipping data from Vortexa shows the last Gulf‑origin jet fuel cargo for Europe is due in Copenhagen tomorrow, following a partial delivery to Rotterdam earlier this week. The final tanker bound for the UK arrived in Kent on Tuesday.More than 60% of Europe’s jet fuel traditionally comes from Gulf refineries, with over 40% shipped via the Hormuz corridor. The blockade forces European buyers into direct competition with Asian carriers for alternative cargoes.Australian investment bank Macquarie notes that jet fuel lacks the pipeline alternatives available to crude oil, making the market especially vulnerable. Even if shipments resume, the refined‑product market could take two to three months to normalise, lagging behind crude markets.Airlines have already begun trimming schedules and raising fares, a trend that will feed into broader inflationary pressures. A genuine shortage could force travelers and businesses to postpone trips and shipments, deepening economic damage.ACI called for proactive EU monitoring and action, warning that the peak summer travel season—critical to many economies—could be hit hard if fuel supplies falter.IATA director‑general Willie Walsh cautioned that even with the strait reopened, restoring adequate supply will take months due to disrupted refining capacity in the Middle East. IATA had previously projected a 4.9% year‑on‑year growth in passenger traffic for 2026.

The International Monetary Fund has cautioned that the US‑Israel war on Iran could ignite a new wave of global inflation, jeopardising the outlook for world growth even if the current cease‑fire endures. IMF Managing Director Kristalina Georgieva announced on Thursday that the Fund will lower its growth projection for the global economy at next week’s IMF‑World Bank Spring Meetings, stating that the conflict has turned a potential upgrade into a growth downgrade. Earlier this year the IMF had lifted its forecast to 3.3 % growth for the 191‑member economies. That optimism evaporated after the war erupted on 28 February, driving up oil and natural‑gas prices, damaging energy infrastructure such as refineries and tanker terminals, and disrupting fertilizer shipments essential for global agriculture. Georgieva warned that the conflict is eroding business and consumer confidence and urged member nations to “get your house in order” as heightened defence spending adds further strain to the world economy. She also expressed confidence that the IMF will secure U.S. congressional approval this year for a 50 % increase in quota‑based lending resources, unlocking more of its roughly $1 trillion lending capacity. The United States, the Fund’s largest shareholder, would thereby provide crucial financial reassurance amid uncertain future developments. In a newly released report, the IMF estimated that countries directly involved in armed conflict typically see output fall by about 3 % at the outset, accumulating to roughly 7 % losses over five years. However, the study noted that economies like the United States may avoid severe economic damage because the fighting does not physically affect their own territory. Central banks are also on alert. Georgieva emphasized that “the central bank cannot afford to let inflation spiral out of control,” a statement that precedes the U.S. Federal Reserve’s two‑day policy meeting scheduled for 28–29 April, where interest‑rate decisions will be made amid political pressure from President Trump to lower rates. Other monetary authorities, including the Bank of Mexico, warned that the Middle‑East turmoil could push inflation higher in Latin America’s second‑largest economy, underscoring the broader spill‑over risks of the conflict.