The Taylor Swift effect: US vinyl sales top $1bn for the first time since 1983

• US Energy Secretary Chris Wright told NBC News that gasoline prices could decline by summer despite current elevations caused by Iran war-related supply disruptions and Strait of Hormuz tensions. • The projection offers some relief to consumers facing inflationary pressures from energy markets, contingent on conflict de-escalation or resolution within the coming months.

• In a Saturday phone call with NBC journalist Kristen Welker, President Trump claimed Iran sought a ceasefire, but Iranian Foreign Minister Abbas Arashi immediately contradicted the assertion, stating Iran has never requested negotiations or a truce. • US and Israeli forces have intensified bombardment of Iranian cities including Tehran, Hamadan, and Isfahan, with Trump warning of additional strikes; 12 US service members have been killed since the war began February 28. • Reuters reports Trump has ignored attempts by Middle Eastern allies to broker negotiations ending the conflict, while the US State Department warned American citizens to leave Iraq immediately amid ongoing military operations.

• An immigrant child died in ICE custody in Dallas, marking at least the 12th death in immigration detention since the beginning of 2026, raising renewed scrutiny of detention conditions and medical care protocols. • The death underscores ongoing concerns about oversight and accountability within the immigration enforcement system during a period of intensified deportation enforcement.

• The Israeli Defense Forces' 91st "Galilee" Division conducted raids in eastern southern Lebanon, killing several Hezbollah operatives as Israel prepares for potential ceasefire negotiations and discussions on Hezbollah's disarmament. • Military operations are designed to reduce missile and drone fire toward Israel and continue systematic destruction of the Iranian regime's ballistic missile and unmanned aerial vehicle infrastructure. • The raids occur amid parallel diplomatic preparations for Lebanon ceasefire talks, signaling Israel's dual-track military and negotiation strategy in the broader regional conflict.

• European Union foreign ministers convened in Brussels to address the escalating Iran conflict now in its third week, coordinating response to regional instability and implications for European interests. • The high-level coordination reflects EU concerns about energy security, maritime safety in the Strait of Hormuz, and the potential for wider Middle Eastern destabilization affecting European allies.

• A federal jury in Texas convicted eight anti-ICE protesters on terrorism charges Friday in a closely watched trial that has raised concerns about the Trump administration's expanding crackdown on activist speech. • The convictions represent an intensified prosecutorial approach against immigration enforcement protesters, raising questions about First Amendment protections for demonstration activity. • The case has drawn criticism from civil liberties advocates warning of an erosion of protest rights under the current administration's enforcement posture.

• Italy's military reported a drone attack on the Ali al-Salem air base in Kuwait on Sunday, marking an expansion of hostile activity beyond primary conflict zones in Iran and Lebanon. • The strike demonstrates the geographic spread of military operations and drone threats across the Gulf region, threatening coalition infrastructure supporting operations in the broader conflict.

• The Trump administration reopened the US embassy in Caracas on Saturday, marking the first diplomatic presence since 2019, with the American flag raised as part of resumed diplomatic relations with Venezuela. • The embassy reopening follows a deadly US military strike in early January that led to the abduction of Venezuelan President Nicolás Maduro and his wife Celia Flores, a dramatic shift in bilateral relations. • The diplomatic resumption represents a significant policy reversal in the Trump administration's approach to Venezuela after years of sanctions and confrontational posturing.

• President Trump is conditioning a summit with Chinese President Xi Jinping on Beijing's assistance in securing the Strait of Hormuz, with US-China trade negotiators meeting in Paris ahead of potential talks. • Trump demanded approximately seven countries deploy warships to police the critical waterway, though his appeals have yielded no firm commitments as oil prices surge; China imports roughly 90% of its energy through the strait. • Chinese and US negotiators held candid meetings in Paris, with China signaling willingness to increase purchases of US agricultural products beyond previous soybean pledges, including poultry and beef.

• UAE's Fujairah oil port sustained damage during escalating Iran war operations as the conflict enters its third week, with regional oil infrastructure becoming a focal point of military action. • Iranian Foreign Minister Abbas Arashi denied claims that Iran seeks a ceasefire or negotiations, stating "We are ready to defend ourselves for as long as it takes" and rejecting US overtures for talks. • The damage to critical Gulf oil infrastructure underscores the war's impact on global energy markets and regional stability, with implications for worldwide crude supplies.

• President Trump is threatening to delay his summit with China's President Xi Jinping unless Beijing helps secure the Strait of Hormuz, with US and Chinese trade negotiators meeting in Paris to discuss the issue. • The conflict has entered its third week with Operation Epic Fury killing more than 1,300 people in Iran and 13 US service members dead, while Gulf states report new missile and drone attacks on Sunday after Iran threatened to expand its military campaign. • Trump called on China, France, Japan, South Korea, the United Kingdom and other nations to send warships to keep the Strait open and safe, warning the US will "remember" countries that don't help. • China has shown preliminary goodwill by signaling openness to purchase additional US agricultural products including poultry, beef, and non-soybean crops beyond previously pledged soybean purchases.

• President Trump demanded on March 15 that NATO and allied nations help secure the Strait of Hormuz with military vessels, warning that NATO could face a "very bad future" if allies refuse to assist in keeping the critical waterway open. • Trump warned that the US "will remember" countries that do not contribute to securing the strait, applying diplomatic pressure to allies amid escalating military tensions in the Middle East and warnings of potential sanctions waivers if the conflict prolongs. • The demand reflects Trump's strategy of leveraging the energy crisis and geopolitical instability created by the Iran conflict to mobilize international support for US-led efforts to maintain global shipping routes.