Higher-income households benefited most from Help to Buy, thinktank finds

US military boasts blockade of the strait of Hormuz will incapacitate Iran’s economy; Trump says negotiations could return to PakistanUS-Iran peace talks could resume in next two days, Trump saysWelcome to the Guardian’s continuing coverage of the crisis in the Middle East.The US military has said American forces have completely halted economic trade going in and out of Iran by sea through a blockade.An estimated 90% of Iran’s economy is fueled by international trade by sea. In less than 36 hours since the blockade was implemented, U.S. forces have completely halted economic trade going into and out of Iran by sea.”Donald Trump has said that talks with Iran could resume in Pakistan over the next two days, according to an interview with the New York Post. “Something could be happening over the next two days, and we’re more inclined to go there,” Trump was quoted as saying.US secretary of state Marco Rubio said Israel-Lebanon talks in Washington on Tuesday were a “historic opportunity”. He said that while every complexity would not be resolved immediately, he hoped the parties would begin to move forward.Lebanon’s president expressed hope that direct talks would lead to an end to his country’s “suffering” after war erupted again between Israel and Hezbollah last month. “I hope that the meeting in Washington... will mark the beginning of the end of the suffering of the Lebanese people in general, and those in the south in particular,” president Joseph Aoun said in a statement, adding that “stability will not return to the south if Israel continues to occupy its lands”.Lebanon’s top envoy to the US said the high-level diplomatic engagement between her country and Israel was “constructive,” but urged an end to the ongoing conflict between Israel and Iran-backed Hezbollah militants that has displaced thousands of Lebanese. After participating in Tuesday’s talks with Rubio and Israel’s ambassador to the US, Nada Hamadeh Moawad said she had “underscored the need to preserve our territorial integrity and state sovereignty”.The US will not renew a 30-day waiver of sanctions on Iranian oil at sea that expires this week officials told Reuters, as the US imposes a blockade on shipments from Iranian ports.UK prime minister Keir Starmer and French president Emmanuel Macron will co-host a summit in Paris on Friday focused on efforts to reopen the strait of Hormuz, Downing Street said. A spokesperson said: “The summit will advance work towards a coordinated, independent, multinational plan to safeguard international shipping once the conflict ends.”Trump criticised Italian prime minister Giorgia Meloni, a political ally, in an interview published on Tuesday for her unwillingness to help in the Iran war. “I’m shocked at her. I thought she had courage, but I was wrong,” he told Italian daily Corriere della Sera.Foreign ministers from Saudi Arabia, Pakistan and Egypt will meet Turkey’s top diplomat this week for talks on regional matters, a ministry source told AFP on Tuesday. “This is the third meeting of the four countries to discuss regional affairs, not specifically Hormuz,” said the source, who wished to remain anonymous.Hezbollah said it targeted 13 northern Israeli towns with rockets shortly after the start of Lebanese-Israeli talks in Washington. In a statement, the group said it targeted Kiryat Shmona, Metula and 11 other towns “with simultaneous rocket salvos” at 6.15pm.US treasury secretary Scott Bessent has said the underlying US economy remains strong and that growth could still exceed 3% or 3.5% this year despite the impact of the US-Israel war on Iran. Earlier on Tuesday, the International Monetary Fund (IMF) cut its growth forecasts for 2026 based on the impact of the war and said any further escalation in the conflict could trigger a global recession. Bessent however cast cuts in global growth forecasts and higher inflation projections by the IMF and World Bank as an overreaction. Continue reading...

Second day of ‘faux-royal’ tour sees Duke of Sussex speak candidly about challenges of new fatherhood as amused football fans watch onIt was an unusual sight. As a group of children were rocking out to the Wiggles, Prince Harry kicked a football on Whitten Oval in Melbourne, home of Australian rules team the Western Bulldogs.“Just a regular Wednesday,” a member of the crowd, dressed mainly in suits and from the advocacy and academic fields, said. Continue reading...

Conference president expresses ‘complete faith’ in Chris Bowen to lead tough negotiationsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastTuvalu, the Pacific nation at the forefront of the global climate crisis, will host a special meeting of world leaders before this year’s Cop31 summit, as the conference president expresses “complete faith” in Chris Bowen to lead tough negotiations.Turkey’s climate minister, Murat Kurum, is president-designate for the November summit, set to see world leaders meet in Antalya to thrash out new targets for cutting carbon emissions. Continue reading...

Landmark ruling finds Wright Prospecting successfully made out its contractual claim to 50% of past and future royalties from Hope Downs iron ore projectGina Rinehart’s Hancock Prospecting has lost its bid to retain royalties from the mammoth Hope Downs iron ore project and will be forced to pay Wright Prospecting half of its earnings from the project, worth hundreds of millions of dollars.In a landmark ruling in the Western Auestralia supreme court on Wednesday, justice Jennifer Smith said that Wright Prospecting had successfully made out its contractual claim to 50% of past and future royalties paid from the project. Continue reading...

Section of state’s electoral act that introduced caps on political donations but carved out an exemption for major parties ruled unconstitutional The high court has ruled Victoria’s political donation laws are unconstitutional, in a move that has been described as “enshrining a level playing field”.The unanimous decision, handed down by Australia’s highest court on Wednesday, struck out an entire section of Victoria’s electoral act that introduced caps on political donations but carved out an exemption for major parties. Continue reading...

Passengers can book a four-hour session in the bunk beds from May for Auckland-New York flights but airline cautions against smuggling in childrenEconomy passengers on Air New Zealand’s ultra-long-haul flight between Auckland and New York can book a spot in the airline’s bunk-bed style sleeping pods from May, which will take to skies in late 2026.In what the airline says is a world first, six full-length, lie-flat sleeping pods, are squeezed into the aisle of the new Boeing 787-9 Dreamliner. The pods, known as “Skynest”, will include fresh bedding, a privacy curtain, ambient lighting and kit with eye-masks, skincare, earplugs and socks. Continue reading...

Sheinbaum has recently been taking a firmer stance with the US, defying pressures where other countries have cavedThe Mexican government has voiced concern about the deaths of its citizens in US custody, with Mexican president Claudia Sheinbaum also pushing back against the Trump administration’s decision to impose an energy blockade on Cuba.The progressive Mexican leader has walked a careful line with Trump for more than a year, addressing provocations with a measured tone and meeting US requests to crack down on cartels more so than her predecessors, in an effort to offset threats of tariffs and US military action against gangs. Continue reading...

Filing seeks to overturn seditious conspiracy charges of Proud Boys and Oath Keepers members who laid siege to US Capitol in 2021The US Department of Justice has requested that a federal appeals judge overturn convictions for members of far-right groups Proud Boys and the Oath Keepers, who were previously found guilty of seditious conspiracy in connection with the violent siege of the US capitol in 2021.Jeanine Pirro, the Donald Trump-appointed US attorney for the District of Columbia, signed separate motions on Tuesday to vacate convictions for a slew of individuals, including the Proud Boys’ leaders Ethan Nordean and Joseph Biggs as well as Stewart Rhodes, a former attorney who founded the Oath Keepers’ militia. Continue reading...

Strike marks third deadly attack on vessels in region in four days, and the killing of 174 people since SeptemberSign up for the Breaking News US email to get newsletter alerts in your inboxThe US military said it killed four more people in a boat strike in the eastern Pacific ocean on Tuesday, marking the third deadly attack on vessels in the region in four days.The US Southern Command, which oversees military operations in Latin America and the Caribbean, announced the killings in a social media post, claiming, without providing evidence, that the men killed were “narco-terrorists”. Continue reading...

Interior minister is ‘highly determined’ to block US rapper from performing in the southern city in June due to his past antisemitic remarks, sources sayFrance’s interior minister is seeking to block the US rapper formerly known as Kanye West from performing in the southern city of Marseille in June due to his antisemitic remarks, a source close to the minister said Tuesday.The interior minister, Laurent Nunez, is “highly determined” to ban the 11 June concert at Marseille’s Velodrome stadium and is exploring “all possibilities”, the source told Agence France-Presse. Continue reading...

British aid to double as 19m people face acute hunger, but summit unlikely to end conflict amid Saudi-UAE tensions The British foreign secretary, Yvette Cooper, will urge Sudan’s warring parties to “cease bloodshed” during a major conference on Wednesday, which analysts believe is unlikely to deliver a significant step towards peace.The talks in Berlin – held on the third anniversary of the start of Sudan’s ruinous war – are expected to help address a catastrophic funding shortfall that is compounding the world’s worst humanitarian crisis. Continue reading...

Air pollution caused by wildfires is another blow to northern Thailand’s tourism industry as businesses suffer amid war in IranThe Doi Suthep temple in northern Thailand is known for its spectacular views of Chiang Mai and the lush forested mountains that surround it. Over recent weeks, though, visitors can see little of the city beyond a thick cloud of grey haze.Persistent wildfires have caused intense air pollution across the north of Thailand, forcing three provinces to declare emergencies and triggering spikes in pollution-related illnesses. Continue reading...