US markets see biggest slump since start of US-Israel war on Iran

• Regional diplomats from Saudi Arabia, Turkey, and Egypt met in Pakistan on Sunday to establish a framework for direct US-Iran negotiations, with foreign ministers expected to reconvene Monday to discuss peace terms. • Iran's parliament speaker Mohammed Bagher Qalibaf warned that Iranian forces are "waiting for the arrival of American troops on the ground to set them on fire," while dismissing the US 15-point action list as negotiating under pressure. • The US has deployed thousands of troops to the Middle East including 2,500 Marines aboard USS Tripoli and elements of the 82nd Airborne Division, signaling preparations for potential ground operations despite diplomatic efforts.

• The Israeli Defense Force conducted widespread strikes targeting Iran's missile and nuclear infrastructure on Thursday, marking escalation in the month-long Operation Roaring Lion with strikes on facilities including the Arak Reactor. • Oil prices surged and US stock markets fell sharply Thursday amid renewed uncertainty about potential conflict resolution, with investors expressing doubt over prospects for ending the Iran war. • The escalation coincides with Houthi forces joining the conflict through attacks on Israel and a critical April 6 deadline for potential wider regional military engagement.

Twenty-two defendants, including intelligence agents and police, accused of committing crimes on behalf of Freemason mafiaTwenty-two people are to stand trial in France from Monday on charges of murder and other serious crimes centred on a masonic lodge accused of running hit squads.Seven defendants – including former intelligence agents, soldiers and businessmen – face possible life sentences. Prosecutors allege the group carried out murder, attempted murder, aggravated assault and criminal conspiracy on behalf of a mafia network inside the Athanor lodge in the Paris suburb of Puteaux. Continue reading...

UK PM to chair meeting in Downing Street on how government responds to economic consequences of Iran war later on MondayGood morning. Keir Starmer will today chair a meeting in Downing Street on how the government responds to the economic consequences of the Iran war, which has the potential to upend much of what the government is trying to do to improve living standards. And so he is probably not too happy about the fact that this morning he has to attend an event in the West Midlands launching Labour’s English local elections campaign.It is a relatively low-key launch. “The Westminster press pack wasn’t invited for a full Q&A,” Politico reports. Starmer will be back in London later for his Iran war meeting.We’re going to fight to earn every vote. Fight for our values. And fight for the country we are building together, a Britain built for all.Because, in the context of everything that is happening in the world. Those values – that fairness we stand for – it’s never been more important.We will protect our forces, our people, our allies in the region. But I made the decision that it is not in our national interest to commit British forces to a war, without a clear legal basis and a clear plan – and I stand by that.It’s a question of judgement. Do not forget that the Tories and Reform would have rushed us into this. With no thought of the consequences, including for the cost of living. Utterly reckless. Continue reading...

Drivers planning nearly 21m leisure journeys from Thursday to Monday despite soaring fuel prices, say expertsThe four-day bank holiday weekend is expected to be the busiest Easter on the roads in four years, despite a surge in fuel prices caused by the conflict in the Middle East.Drivers are planning nearly 21m leisure journeys between Thursday and Easter Monday, according to a study by the RAC and the traffic analytics specialists Inrix. Continue reading...

Request comes at the start of a two-week inquest into the death of Noongar man Jeffrey Winmar in MelbourneGet our breaking news email, free app or daily news podcastEleven police officers called to give evidence into the death of an Aboriginal man in custody have sought certificates to protect themselves from self-incrimination.The request from the Victoria police chief commissioner came at the start of a two-week inquest into the death of Noongar man Jeffrey Winmar. Continue reading...

New agreement delayed amid home secretary Shabana Mahmood’s demands for more interceptions of dinghiesA renewed deal between the UK and France to stop small boat Channel crossings has not yet been signed, with a day to go before the current one expires, raising questions about whether people smugglers will be able to act unimpeded from later this week.Rishi Sunak and Emmanuel Macron announced the previous £468m deal on 10 March 2023, weeks before it came into force. The UK pays two-thirds of the cost of policing France’s northern border and the current agreement expires on Tuesday. Discussions on it began last July at the 37th UK-France summit and British officials travelled to Paris last week for another round of talks. Continue reading...

Stock markets in Asia drop sharply, with investors nervous over escalation of Middle East conflictBusiness live – latest newsThe price of oil has risen sharply to $116 a barrel after Donald Trump said he wanted to “take the oil in Iran”, sending Asian stock markets tumbling.Brent crude, the international benchmark for oil, rose by 2% in early trading on Monday, after Trump said that he could seize the Iranian export hub of Kharg Island. Continue reading...

City Property, which manages buildings for council, accused of ‘coercive and unfair’ increases and issuing eviction noticesTenants at one of Glasgow’s leading cultural hubs are battling what they describe as “unsustainable” rent increases, with critics describing the landlord responsible as a “rogue agency” imposing similar rises on vulnerable organisations across the city.With tenants expected to sign new leases or receive notices to quit this week, hundreds of protesters gathered outside the offices of City Property last Friday. The demonstration reflects growing concern about the conduct and accountability of the arm’s-length organisation that manages hundreds of buildings on behalf of Glasgow city council. Continue reading...

Dry ground, iron-rich earth and strong winds combined to create an eerie dust storm that was filmed in DenhamGet our breaking news email, free app or daily news podcastThe skies of Shark Bay in Western Australia turned an eerie blood red before Tropical Cyclone Narelle made landfall, a phenomenon an expert said was caused by an iron-infused dust storm.Narelle crossed into WA on Friday, hitting the state roughly 900km north of Perth in the food bowl region. Continue reading...

Millions are dipping into savings or borrowing to get by as the Iran war drives up prices, survey showsThe Iran war has led to a surge in pessimism in the UK as half of households are already struggling to afford everyday essentials.The escalating conflict in the Middle East, which has driven the price of oil, gas, crop fertiliser and other raw materials sharply higher, threatens to cause another cost of living shock. Continue reading...

Interest rates as high as 4.45% and a steep cut in next year’s allowance fuel forecast of last-minute rush Savers who want to make the most of this year’s cash Isa allowance are being urged not to leave it to the last minute, as the deadline for applications falls on the Easter weekend.The Isa wrapper allows people to save or invest money and benefit from the returns free of tax. Each tax year, people can pay in up to £20,000, which can then be moved around in subsequent years without the tax benefits being lost. Continue reading...