Oil price rises and markets slide after Trump warning to Iran

US moves towards reestablishing working relations between two countries after abducting President Nicolás MaduroThe US has lifted sanctions on Venezuela’s acting president, Delcy Rodríguez, in the latest step towards normalising relations between the two countries after US forces abducted her predecessor, Nicolás Maduro, and his wife.The couple were taken to New York after their abduction in January to face charges of alleged drug trafficking, to which both have pleaded not guilty. Continue reading...

Bank of England survey in March shows chief financial officers foresee 3.7% increase over coming yearBusiness live – latest updatesCompanies in the UK expect to raise their prices more rapidly over the coming months as the war in the Middle East drives up costs, Bank of England research shows.The Bank’s regular survey of more than 2,000 chief financial officers conducted last month, after the Iran conflict began, shows they now expect to raise their prices by 3.7% over the coming year. Continue reading...

Christopher Joell-Deshields was suspended last year, with £7,125 found to have been spent on luxury itemsThe boss of Pride in London, one of the world’s largest LGBTQ+ events, has been sacked after he was accused of buying luxury goods for personal use with vouchers intended for volunteers’ food and drink.Christopher Joell-Deshields, who had been chief executive of Pride in London since 2021, was put under investigation last September and suspended the following month in response to claims of misconduct. Continue reading...

Priceless artefact snatched in Netherlands museum heist has been recovered, ending international searchA priceless gold 2,500-year-old helmet from Romania, stolen last year in the Netherlands, has been recovered, according to a Dutch art detective.“It’s amazing. It’s the best news we could have got,” Arthur Brand said on Thursday, confirming that the Helmet of Coțofenești had been found. Continue reading...

Divers in race against time to unearth wreck of the Dannebroge before seabed becomes construction siteMore than 200 years after being sunk by Admiral Horatio Nelson and the British fleet, a Danish warship has been discovered on the seabed of Copenhagen harbour by marine archaeologists.Working in thick sediment and almost zero visibility 15 metres (49 feet) beneath the waves, divers are in a race against time to unearth the 19th-century wreck of the Dannebroge before it becomes a construction site in a new housing district being built off the Danish coast. Continue reading...

In today’s newsletter: Britain’s refusal to be drawn into ​t​he Iran war has triggered a backlash from the White House​, with the president’s fury expos​ing the fragility of this once unshakeable partnershipGood morning. Another week, another tirade against the UK from Donald Trump. The US-Israeli conflict with Iran has further inflamed tensions in the special relationship, which was already under strain from attacks by the capricious US leader. So far this week, Trump has once again mocked the UK’s navy, instructed allies worried about jet fuel supplies to take it from the strait of Hormuz themselves, and announced that the US is considering leaving Nato.The outbursts have become a pattern since the war with Iran began – and mark a departure from the unlikely friendly relationship Starmer and Trump have enjoyed until now.Middle East | Donald Trump used a prime-time address to the nation to declare the month-long war in Iran a success “nearing completion”, despite a spiralling conflict that has caused economic turmoil across the globe, fractured transatlantic alliances and eroded the president’s approval ratings.UK politics | The UK will seek an even deeper partnership with the EU because of the instability wreaked by Donald Trump’s war with Iran, Keir Starmer has said, adding that the moment called for a more ambitious deal with Brussels.Nasa | Nasa’s moon rocket Artemis II launched on Wednesday evening, carrying astronauts to the moon for the first time in almost 54 years.BBC | The BBC confirmed in a statement it was first made aware of a police investigation into historical allegations of sexual abuse by Scott Mills in 2017.NHS | Claims by Palantir that concerns over the US data analytics company’s multimillion-pound NHS contract are “ideologically motivated” have been rejected by the chair of a parliamentary committee. Continue reading...

Funeral director Robert Bush had previously admitted to dozens of counts of fraud at hearing in OctoberA funeral director has admitted preventing a lawful burial after 30 bodies and a quantity of ashes were found at a funeral home in Hull in 2024.Robert Bush had previously admitted to dozens of counts of fraud at a hearing in October, after police raided the premises of Legacy funeral home on Hessle Road over concern for care of the dead. Continue reading...

Simon Dudley fired after his comments were condemned by prime minister and families of fire victimsReform UK’s housing spokesperoson has been sacked his role after he described the Grenfell Tower fire as a “tragedy” but said that “everyone dies in the end”.Keir Starmer had called on Nigel Farage to sack Simon Dudley, a former head of Homes England, after his comments, which were condemned by Grenfell families and others. Continue reading...

Democrats criticize speech as doing little to answer ‘the most basic questions’ of the American people. Plus, how rap lyrics were used to help sentence a man to deathGood morning.Donald Trump declared the month-long US-Israeli war against Iran a success “nearing completion” in his prime time address to the nation on Wednesday evening – despite the conflict wreaking global economic chaos, damaging transatlantic alliances and hitting his approval ratings.What is the significance of Trump’s comments on HEU? The apparent decision to leave it appears to conflict with his assertions that a key war aim was to ensure Iran could never make a nuclear bomb.Follow our liveblog for the latest updates.What has Houston said about the rocket’s deployment? Flight controllers confirmed that all four solar arrays, which will provide the spacecraft with continuous electrical power throughout its lunar journey, were deployed successfully. Continue reading...

The National Capital Planning Commission had previously delayed the vote after thousands of negative public commentsHello and welcome to the US politics live blog.The National Capital Planning Commission will meet this afternoon to decide on Donald Trump’s White House $400m ballroom project, after a federal judge halted construction earlier this week.House Republicans announced that they will pass a bill, advanced by the Senate last week, to end the record-breaking partial Department of Homeland Security (DHS) shutdown after previously rejecting the measure.Democrats quickly celebrated the win with Senate minority leader Chuck Schumer saying “House Republicans caved” after previously “[derailing] a bipartisan agreement, making American families pay the price for their dysfunction”.Nasa’s lunar rocket successfully launched and the astronauts on the first crewed lunar rocket in more than 50 years received praise from across the US.Attorney general Pam Bondi’s job with the Trump administration is reportedly at risk. The president is said to be unhappy with Bondi’s performance as the head of the justice department and the controversy surrounding the Epstein files, according to a New York Times report.Governor Ron DeSantis of Florida signed legislation on Wednesday to require documented proof of citizenship to register to vote and to begin a process that will eventually unenroll voters who have not provided citizenship documentation.Supreme court justices appeared skeptical of the Trump administration’s argument to restrict birthright citizenship for hundreds of thousands of children born to undocumented immigrants of temporary foreign nationals. Trump himself attended the hearing, widely considered to be the first time a sitting president has attended arguments at the supreme court. Continue reading...

Exclusive: Pressure intensifies for Gabbard after president’s displeasure with Iran war testimonyDonald Trump has privately asked cabinet officials in recent weeks whether he should replace his director of national intelligence, Tulsi Gabbard, venting frustration that she shielded a former deputy who undercut his rationale for war with Iran, according to two people briefed on the discussions.It is not clear that Trump will actually fire Gabbard over the episode. Currently, there is no standout candidate to take the job, and advisers have cautioned that creating a high-profile vacancy before a successor is ready could cause unhelpful political distractions. Continue reading...

Last April, the president unleashed a tidal wave of tariffs on ‘liberation day’. Analysts say the policy has failed, even by the Trump administration’s own termsBefore Donald Trump declared “liberation day” on 2 April 2025 and shocked the world by raising import tariffs on nearly every country the US did business with, he had spent almost three months causing chaos in Washington.The wholesale slashing of government jobs under Doge (the “department of government efficiency”) and the defunding of US aid agencies had shown White House watchers that the US president was in a hurry to upset institutions he considered profligate or useless. Continue reading...