Initiative may be slipping away from US and Israel as Middle East crisis deepens

• Oil prices spiked sharply as geopolitical tensions escalated between Iran and the United States following military confrontations. • The U.S. dollar recovered against major currencies as investors sought safe-haven assets amid rising uncertainty. • Energy markets remain volatile with traders closely monitoring developments in Middle East tensions and their impact on global supply chains.

• The U.S. has initiated measures to secure Venezuela's gold reserves as American geopolitical influence in the region intensifies. • The effort reflects Washington's strategy to expand economic leverage and control over Venezuelan assets during the nation's ongoing political and economic crisis. • The move signals escalating U.S. intervention in Venezuela's internal affairs with significant implications for regional power dynamics.

• Estonia has formally warned Russia against aggressive actions in the Baltic region and pledged a military response to any violations. • The Baltic nation reaffirmed its commitment to NATO defense protocols and regional security frameworks. • The warning reflects heightened tensions between NATO members and Russia along Eastern European borders.

• Somalia announced plans for historic oil drilling operations, marking a significant economic development for the Horn of Africa nation. • The initiative carries substantial geopolitical weight as it could reshape regional influence and resource control in East Africa. • Industry analysts view the project as transformative for Somalia's economy and a potential catalyst for regional stability or tension.

• Recent geopolitical tensions are fundamentally altering maritime shipping routes for energy commodities worldwide. • Energy shipping companies are implementing agile strategies to navigate heightened tensions and supply chain disruptions. • The shift in maritime logistics has broader implications for global energy prices and international trade networks.

• A US fighter jet was shot down over Iran as military tensions between Washington and Tehran intensify dramatically. • The incident marks a significant escalation in direct military confrontation between the two nations amid ongoing threats and counter-threats. • US forces have deployed advanced long-range missile systems in response, positioning for potential large-scale operations.

New legislation comes amid push from big oil, as critics warn polluters’ profits prioritized over Americans’ healthUtah has made it nearly impossible for residents to hold fossil fuel companies legally accountable for climate damages in a move one advocacy group described as putting “profits for the biggest polluters over communities”, with other states expected to follow suit.The new state legislation comes as part of a push from big oil and its political allies – including groups tied to rightwing impresario Leonard Leo – for legal immunity in red statehouses and Congress, with a goal of winning state and federal legal immunity similar to the liability waiver granted to the firearms industry in 2005. Continue reading...

Chuck Schumer accuses president of ‘ranting like an unhinged madman’ in threat to obliterate Iran’s power plants and bridges. Plus, Audrey Hepburn’s son Sean on her movies, marriages, good works and fascist parentsGood morning.Donald Trump has faced sharp criticism after threatening to wipe out Iran’s power plants and bridges in an expletive-riddled social media post yesterday.How has Iran reacted? Iran’s parliament speaker responded with a warning that the US president’s “reckless moves” would mean “our whole region is going to burn”.This is a developing story. Follow the liveblog here.What will they see? During the flyby, which will last about six hours, the crew will have to observe the celestial body with their naked eyes, along with cameras they have onboard. The journey promises views of the moon’s far side that were too dark or too difficult to see by the 24 Apollo astronauts who preceded them. Continue reading...

It is clear among top officials in the Trump administration that the Israeli president overpromised in his pitch to the USMiddle East crisis – live updatesWhen Israel’s prime minister, Benjamin Netanyahu, arrived at Donald Trump’s Mar-a-Lago club on 29 December last year, he came with an ask – and a not so subtle inducement.After months of restocking air defence and other missiles after June’s 12-day conflict in which the US joined in to bomb Tehran’s nuclear facilities, Israel was ready to go again, this time with more substantial objectives. Continue reading...

Concerns about coming wildfire risk, and temperatures also remain high on other side of Pacific where rare tropical cyclone has formedAfter a historically warm winter across nine states in the US, the first month of meteorological spring again brought exceptionally high temperatures, with numerous states recording new all-time high temperatures in March. The remarkable intensity and longevity of the warmth have left much of the mountain snowpack, a crucial source of water for millions in the American west, at critically low levels.Though precipitation totals tend to increase in spring, the low snowpack has raised concerns about a potentially severe wildfire season if conditions do not improve soon. And with further spells of abnormally warm, dry weather expected this week, the outlook is becoming increasingly worrying heading into the late spring and summer months. Continue reading...

Companies using heating oil have already begun rationing their fuel use, says Federation of Small BusinessesMiddle East crisis – live updatesThousands of independent businesses across the UK are braced for their energy bills to more than double owing to the sharp rise in heating oil costs as the war in Iran pushed Europe’s fuel market prices to fresh record highs.About 7% of all small and medium-sized companies warm their properties and provide hot water using heating oil, which in some cases has more than doubled in recent weeks. Continue reading...

Oliver Tokic-Bensley, 16, says he had been in the water mere minutes when a shark bit his footGet our breaking news email, free app or daily news podcastA teenage surfer bitten by a shark at a South Australian beach has described how he “flicked it off” and “legged it back to shore”.Oliver Tokic-Bensley, 16, was bitten on his foot while surfing on Good Friday near his family beach house at Middleton, 80km south of Adelaide. Continue reading...