In today’s newsletter: As conflict engulfs Iran, shifting ​global alliances and soaring energy prices are reshaping ​the existing power balances​ that could redefine the next stage of international security

Good morning. So far, there is only one clear winner from the war in Iran: Russia. Before the US and Israel attacked Tehran in late February, Moscow was preparing deep budget cuts to education and healthcare funding to pay for its invasion of Ukraine, which has now entered its fifth year.

In just over a month of the fighting in Iran, Vladimir Putin’s Russia has experienced a dramatic reversal in fortunes. The global oil price has shot up from a prewar average of $72 to well over $100 per barrel, providing a financial boost of multi-billions for Moscow that shows little sign of ending.

Middle East | Donald Trump has launched a tirade against European countries that refused to join his war against Iran, calling out the UK and France.

Military | The UK is sending more military support to the Gulf, taking the total deployment to 1,000 troops.

NHS England | Some medicines could run out in weeks or even days, NHS England head warns, after supply line shocks.

UK politics | Nigel Farage to ‘steer well clear’ of UK CPAC event in July being led by the short-lived former prime minister Liz Truss.

UK news | King Charles’s state visit to US to go ahead in late April despite Iran war concerns.

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Review finds no ‘meaningful impact’ five years after race action plan launched, amid calls for government to step in

Promises by police chiefs to tackle racial bias failed owing to “a lack of clear national leadership”, an independent police report has found.

The promises were made five years ago in the wake of the Black Lives Matter movement and led police bosses in England and Wales to launch a race action plan promising to tackle the “stigmatising and humiliating” experiences of Black people at the hands of officers.

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As the war in Iran enters its second month, and President Trump signals an end to the war, many Iranians are urging the U.S and Israel to keep striking their country.

(Image credit: Atta Kenare)

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Asset management firm CoinShares is preparing for its Nasdaq trading debut on Wednesday, following a successful joint merger.

What You Need To Know

CoinShares announced in a press release that it is merging with Vine Hill Capital Investment Corp. (NASDAQ:VCIC) and Odysseus Holdings Ltd. Once completed, the transaction will shift CoinShares’ listing from Nasdaq Stockholm to the Nasdaq Stock Market in the U.S.

The merger has resulted in the formation of a new holding company, CoinShares PLC. CoinShares …

Full story available on Benzinga.com

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Investor Gary Black of The Future Fund LLC thinks that the Nasdaq 100’s rule changes would put significant pressure on fund managers to participate in Elon Musk-led commercial space flight company SpaceX‘s upcoming IPO.

Intense Pressure On Managers

The upcoming IPO is expected to create “intense pressure” on managers and professional investors to participate, “even at a valuation north of $1T,” because “sitting out may be too risky,” Black said in a post on the social media platform X on Tuesday, citing the recent Nasdaq rule changes.

“Fund managers fret that if they sit out the SpaceX offering and the shares soar, their performance will look dismal,” he said. He added that Musk and the bankers were “well aware” of this pressure on fund managers as SpaceX gears up to sell a “record $75B worth of stock.”

Full story available on Benzinga.com

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Saudi Arabia’s defence ministry has said it has intercepted and destroyed ten drones over the past hours, and eight missiles launched towards the Riyadh area and the country’s eastern region.

Early this morning Kuwait said its air defences were responding to hostile missile and drone attacks. Neither Saudi Arabia nor Kuwait said where the drones or missiles came from.

Iran attacked and set ablaze a fully loaded crude oil tanker off Dubai. Local authorities later said response teams contained the incident with no oil leakage and that no injuries had been reported

Donald Trump warned that the US would obliterate Iran’s energy plants and oil wells if it did not open the strait of Hormuz.

The Israeli military said four soldiers had been killed in combat in southern Lebanon, where its forces are clashing with Iran-backed Hezbollah.

Two giant Chinese container ships have sailed through the strait of Hormuz on their second attempt to leave the Gulf after turning back on Friday, ship-tracking data shows. The transit signals a diplomatic breakthrough between Beijing and Tehran as Iran widens its list of approved nations for transiting the vital route, Lloyd’s List reported.

Indonesia’s foreign minister called for an emergency UN security council meeting and a thorough investigation” into a “heinous attack” after three UN peacekeepers from Indonesia were killed in southern Lebanon.

Blasts were heard in Tehran and power cuts hit some areas of the capital, Iranian media reported on Tuesday. Israel earlier carried out missile strikes on what it called military infrastructure in Tehran and infrastructure used by Hezbollah in Beirut.

Japan and Indonesia agreed to step up coordination on energy security, Japanese PM Sanae Takaichi said on Tuesday.

Two Iranian missile launches targeted central Israel, Israeli media reported, with the emergency service saying it had not received reports of any injuries.

Turkey reported a ballistic missile launched from Iran had entered Turkish airspace before being shot down by Nato air and missile defences.

An earlier summary of key developments is here.

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Exmouth local says devastating impact on wildlife along the coastline is ‘hard to put into words’

As the flooding from Tropical Cyclone Narelle’s violent visit to Exmouth subsided and the winds dropped, Brinkley Davies headed to Graveyards beach.

The beach, at least according to some Exmouth locals, got its name because of the tendency for turtles to get stuck on the dunes.

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From medieval church wall paintings to Liam Gallagher’s viral X post, charity has catalogued more than 6,600 pieces

Some of the UK’s smallest public murals are on bollards in Shrewsbury while one of the biggest is on a 1960s 16-storey block of flats in Gosport.

Perhaps the funniest though is in Cardiff. Ahead of last summer’s Oasis concerts it was a straightforward copy of Liam Gallagher’s viral post on X declaring: “Because Cardiff is the bollox.”

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South Korea will delay the shutdown of coal-fired plants, while the Philippines also plans to boost the output of its coal-burning plants

Governments across Asia are ramping up their use of coal, the dirtiest fossil fuel, as they try to cover huge energy shortfalls triggered by the US-Israel war on Iran.

The move has triggered warnings from climate experts who point to coal’s devastating environmental impact, and say the energy crisis should be a wake up call for governments to invest in renewables, which can offer a more stable supply that is not exposed to price shocks.

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Woods said Tuesday he is stepping away to seek treatment, four days after his vehicle crashed in Florida and he was arrested on suspicion of driving under the influence. He will miss the Masters for the second straight year.

(Image credit: Jason Oteri)

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Women are falling behind on AI adoption, and former Meta COO Sheryl Sandberg knows it. That’s why she’s refocusing her women’s leadership nonprofit, Lean In, on closing the AI gender gap — and installing a 25-year-old to lead the charge.

A new survey of 1,000 U.S. adults from Lean In found that 33% of men use AI daily, compared to 27% of women. While the gap is closing, even small differences could have outsized impacts over time, Sandberg told Fortune.

“We all know that AI is already starting to, and has the power to transform how we work, who’s in the workforce, how we live, how we communicate,” Sandberg said.

On March 24, Sandberg announced Bridget Griswold, a 25-year-old former Meta product manager, as the new CEO of Lean In. Despite public criticism of Griswold’s age and limited nonprofit experience, Sandberg said the nonprofit was looking for an “AI native” with a product background — and Griswold fit the bill.

The appointment comes amid turbulence: the Sandberg Goldberg Bernthal Family Foundation, which includes Lean In, shed a quarter of its staff over the last year through layoffs and voluntary departures, The Wall Street Journal recently reported.

Lean In’s pivot to AI comes as only half of companies are prioritizing women’s career advancement, and more than 30% are placing little to no priority on advancing women of color, according to the organization’s 2025 Women in the Workplace report. Women’s jobs are three times more likely to be automated by AI — and their vulnerability is compounded by underrepresentation in AI leadership and development.

Women are more likely than men to feel threatened, overwhelmed, and like they’re “cheating” when using AI, the study found. They’re also more likely to avoid AI due to ethics and accuracy concerns.

“These are great concerns to have, and it’s awesome that women care about ethics and not cheating. But what’s really concerning is that this might inadvertently cause women to use AI less than men,” Griswold told Fortune.

The survey found that men are 27% more likely to have been praised for using AI, and women are 23% less likely to receive manager support to use it.

“The managers who are encouraging the men to use AI and not the women — they may not even know they’re doing it,” Sandberg said, adding that biases against women are often unintentional. “When you surface those biases, when you tell people, you tell managers, look, that the overall data says you’re encouraging men more than women — that is the first step to correcting that bias.”

New Era at Lean In

Griswold joined Lean In as head of product and AI in January, and by March she had replaced longtime CEO and co-founder Rachel Thomas. She said to accomplish Lean In’s goal of getting more women into leadership, they need to use AI.

“We hope that Lean In can be a place that encourages [young women] to use AI and actually [produces] real results,” she said, adding that she hopes it can be a place where women build their confidence and accelerate their careers.

“We need to make sure that we are focused on helping women of the next generation lead, and product and AI are going to be so critical to that, which is one of the many reasons we’re very lucky that Bridget has stepped into the leadership role,” Sandberg said. 

This story was originally featured on Fortune.com

Adelaide has the biggest price decline, with unleaded down 24.9 cents and diesel down 21.3 cents

Fuel prices have started falling immediately across Australia in the wake of the government’s fuel excise cut, unexpectedly accelerating the delivery of the Albanese government’s cost-of-living relief.

Prices in capital cities paused then plummeted on Wednesday, after the prime minister announced the tax on petrol and diesel would be halved to 26.3 cents a litre.

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Sen. Elizabeth Warren (D-Mass) has criticized President Donald Trump again as gas prices at the pump continue to rise amid escalating tensions in the Middle East.

Record Gas Prices

In a post on the social media platform X on Tuesday, Warren shared her criticism of Trump and the war in Iran. “Record monthly gas price increases courtesy of Trump’s Iran war,” she said, quoting a post by GasBuddy analyst Patrick De Haan, who said that the monthly rise was the “largest monthly increase” in prices ever recorded by the organization.

Warren then doubled down on her criticism of Trump and rising gas prices in a separate post on X on Tuesday. “Donald Trump’s response to skyrocketing gas prices? “If they rise, they rise,” she said in the caption of her post, …

Full story available on Benzinga.com

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A rescue mission involving volunteer helicopter crew and public donations ended in joy after Molly was located and brought home

A spot of furry black and white appears among the jagged rocks of New Zealand’s alpine backcountry. It is Molly the border collie, sitting near the foot of a waterfall where she had been separated from her owner one week earlier.

Molly was rescued on Tuesday after an avalanche of donations from the public funded a volunteer team made up of former helicopter pilots and crew to mount a search in the wilderness.

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Rachel Reeves will address concerns about price rises and shortages with retailers as energy costs surge

The bosses of the UK’s biggest supermarkets are to meet the chancellor on Wednesday as the government seeks to gauge the extent of potential price rises and shortages of household essentials amid a surge in energy, fuel and fertiliser costs.

Rachel Reeves is meeting the bosses of Sainsbury’s, Tesco and Morrisons as concerns rise about the potential impact on the cost of living – including higher food prices – as a result of the Middle East conflict.

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Binah Capital Group Inc. (NASDAQ:BCG) surged 59.20% in after-hours trading on Tuesday to $3.20, after the independent financial advisor network reported fourth-quarter revenue growth of 13.2% and generally accepted accounting principles profitability in its first full year as a public company.

Binah Capital, which went public in 2024 following a merger between Wentworth Management Services LLC and Kingswood Acquisition Corp., announced results for the quarter and full year ended Dec. 31, 2025.

What Do Q4 Results Say?

Binah Capital reported fourth-quarter revenue of $50.5 million, marking a 13.2% increase from the same period a year earlier. Gross profit also improved, climbing to $10.3 million from $8.9 million. The company posted a GAAP net income of $0.2 million, a turnaround from a $1.1 million loss in the fourth quarter of 2024.

GAAP diluted earnings per share were $0.01 for the quarter, an improvement from a loss of $0.07 per share …

Full story available on Benzinga.com

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Cryptocurrency bettors remain unconvinced that vessel traffic in the Strait of Hormuz will return to normal by the end of the month despite President Donald Trump hinting at winding down the Iran campaign.

Will Normalcy Return To Global Oil Trade?

Polygon (CRYPTO: POL)-based Polymarket shows 23% chance of normal traffic resuming on the critical oil shipping route by April 30, up 3 percentage points in the last 24 hours, but down 16 points over the week. The chance of this happening by May 30, however, was higher at 37%.

Nearly $1 million has been wagered on this keenly watched bet. The market resolves to “Yes” if IMF Portwatch reports a 7-day moving average of transit calls for the route of at least 60.

Based on data up to March 29, the 7-day moving average was only 3.

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Treasurer says Iran war having ‘extreme impact on global economy’

Jim Chalmers has unveiled a suite of Covid-era support measures for businesses struggling with soaring fuel prices and the prime minister is set to address the nation in the latest sign the government is preparing for a more severe economic downturn from the US-Israel war on Iran.

“The war in the Middle East is having an extreme impact on the global economy. Australians and Australian small businesses are paying the price for that,” the treasurer told reporters on Wednesday.

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Salvaged railway timber removed for testing from Rozelle parklands, which was previously closed in 2024 when asbestos was found in garden mulch

Parts of a Sydney children’s playground where asbestos was found in garden mulch in 2024 has been closed again, with authorities removing salvaged railway timber for testing.

Areas of Rozelle parklands in Sydney’s inner west were fenced off on Monday, with a council notice advising: “Thank you for your patience while we work with the NSW government to carry out works.”

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More than four million children have been enrolled in newly created Trump Accounts, the Internal Revenue Service (IRS) said Tuesday, marking a major rollout of the administration’s savings initiative.

Additionally, the IRS said more than one million children are covered by elections for the $1,000 Trump Accounts pilot program contribution.

Trump Accounts were created under the “One Big Beautiful Bill Act” last year, and contributions can begin July 4, 2026.

“The IRS has been working closely with the Treasury Department to make the election process as simple and easy as possible by permitting taxpayers to fill out a one-page form when they file their tax return,” IRS Chief Executive Officer Frank J. Bisignano said in a statement. “Families with eligible children born between 2025 and 2028 just need to check the box on a form to stake their claim for the $1,000 contribution. It’s that simple.”

IRS UNVEILS PROPOSED REGULATIONS FOR NEW TRUMP ACCOUNTS SAVINGS PROGRAM

The new data is based on how many Form 4547, “Trump Account Election(s),” have been submitted with individual tax returns to date, according to the IRS.

To create a Trump Account and enroll in the pilot program with their 2025 tax return, parents can fill out IRS Form 4547.

The accounts will be available to every American child born between Jan. 1, 2025, and Dec. 31, 2028, and will include a $1,000 seed contribution invested in an index fund. They can be created for anyone who has not turned 18 before the end of the calendar year in which the election is made and has a valid Social Security number.

Each account is in the child’s name and is controlled by parents until the child reaches age 18.

TRUMP ADMIN PROPOSES OPENING 401(K)S TO PRIVATE EQUITY, CRYPTO

While no contributions are required, up to $5,000 can be deposited into the accounts per year.

The U.S. Treasury previously estimated that Trump accounts could accumulate significant savings if families maximize contributions and allow the funds to grow.

For example, a fully funded account could reach as much as $1.9 million by age 28, according to the Treasury’s Office of Tax Analysis. At the lower end of projected returns, the account could still yield nearly $600,000 over the same period.

TRUMP NAMES DAVID SACKS CO-CHAIR OF TECH ADVISORY COUNCIL, EXPANDING AI, CRYPTO ROLE

Without additional contributions beyond the federal government’s initial $1,000 deposit, it is estimated that the account could grow to between $3,000 and $13,800 over 18 years.

Children can receive contributions from parents, relatives, friends, employers, state governments and philanthropic organizations, according to the IRS.

Since the Trump Accounts were first unveiled, numerous major companies have expressed support for the initiative and announced plans to match the government’s $1,000 contribution for eligible employees’ children.

READ MORE FROM FOX BUSINESS

More information about Trump Accounts can be found at trumpaccounts.gov.

FOX Business has reached out to the White House for comment.

FOX Business’ Amanda Macias and Emma Colton contributed to this report.

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In just 50 years, Ireland has become the world’s third largest exporter of pharmaceuticals, with medicines now making up about 20% of Ireland’s GDP. So how did Ireland become so tied to the pharma industry — and is that reliance at risk amid tariffs, patent cliffs and geopolitical tension?

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Donald Trump confirmed that King Charles and Queen Camilla, will travel to the US for a state visit from 27 to 30 April.

The president said that the trip will include a banquet dinner at the White House on 28 April. “I look forward to spending time with the King, whom I greatly respect. It will be TERRIFIC!,” Trump wrote on Truth Social.

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Critics say ‘election integrity’ plan to compile national voter list is unconstitutional and will be blocked by the courts

Donald Trump on Tuesday signed an executive order seeking to restrict mail-in voting and compile a national voter list in a move that is unprecedented and likely unconstitutional.

The order directs the administration to establish a federal list of confirmed citizens that can legally vote in each state, and orders the postal service to send mail-in ballots only to those on the list. During a press conference at the White House, Trump said the administration would like to require voter ID and proof of citizenship, and repeated falsehoods about mail-in voting.

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Leading cryptocurrencies climbed alongside stocks on Tuesday after President Donald Trump said the military campaign against Iran could end soon, even if the Strait of Hormuz remains largely closed.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:15 p.m. EDT)
Bitcoin (CRYPTO: BTC) +1.26% $68,103.05
Ethereum (CRYPTO: ETH)
               
+3.09% $2,102.70
XRP (CRYPTO: XRP)                          +1.31% $1.34
Solana (CRYPTO: SOL)                          +0.50% $83.19
Dogecoin (CRYPTO: DOGE)              +1.50% $0.09203

Crypto Rallies As Bearish Traders Exit

Bitcoin regained $68,000 overnight after sliding below $66,000 earlier in the day. Trading volume rose 10% over the last 24 hours.

Ethereum bounced from the lows of $1,939.53 to recapture $2,100. XRP and Dogecoin also traded in the green.

Shares of Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closed up 2.27% and 8.09%, respectively.

Over $270 million in crypto positions were liquidated in the past 24 hours, with long and short liquidations almost evenly split,  according to Coinglass data.

Open interest in Bitcoin futures fell 3.42% in the last 24 hours. A drop in open interest coupled with an increase in spot price typically indicates short covering, which occurs when bearish traders exit …

Full story available on Benzinga.com

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Announcement part of controversial shakeup described by critics as administration attack on ‘science and scientists’

The Trump administration will move the US Forest Service headquarters from Washington DC to Salt Lake City and shut down its regional offices, the agriculture department has announced. The announcement sets in motion a controversial reorganization for the country’s second-largest federal land management agency that Trump officials have planned since last year.

The move, which the USDA touted as a “commonsense approach”, recalls the first Trump administration’s chaotic attempt to relocate the Bureau of Land Management from Washington DC to Colorado, first announced in 2019. The agency lost nearly 90% of its Washington-based staff, who declined to move – only for the BLM to return toWashington after Joe Biden took office.

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Lewis was the father of Avi Lewis, who was elected leader of the progressive New Democratic party one day before his father died

Stephen Lewis, the Canadian diplomat, politician and human rights advocate, who spent decades tirelessly working to focus global attention on the HIV/Aids epidemic, has died of cancer.

Lewis, who served as the Canadian ambassador to the United Nations, as well as the head of Ontario’s New Democratic party (NDP), was 88.

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U.S. equities experienced a significant rebound today, with major indices recovering from recent lows. The S&P 500 rose by 2.9% to 6,528.52, while the Nasdaq gained 3.83% to 21,590.62, driven by a rally in tech stocks. The Dow Jones Industrial Average spiked 2.49% to 46,341.51. This recovery comes amid reports of a potential de-escalation between the U.S. and Iran, which boosted investor sentiment.

Despite these gains, the S&P 500 remains on track for its worst monthly performance since September 2022. These are the top stocks that gained the attention of retail traders and investors through the day:

Nike Inc. (NYSE:NKE)

Nike’s stock closed up 3.08% at $52.82, hitting an intraday high of $53.11 and a low of $51.69. Over the past year, its shares have ranged between $50.95 and $80.17. In the after-hours trading, Nike stock fell 9% to $52.82.

The company recently reported third-quarter revenue of $11.28 billion, surpassing analyst expectations. Despite flat year-over-year growth, Nike achieved a 1% increase in Nike Brand revenues and a 5% rise in Wholesale revenues.

Beyond Meat Inc. (NASDAQ:BYND)

Beyond Meat saw its stock surge by 15.09%, closing at $0.70. The stock reached an intraday high of $0.73 and a low of $0.62, with a 52-week range of $0.50 to $7.69. In the after-hours session, the stock fell …

Full story available on Benzinga.com

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Donald Tusk and Micheál Martin say reported phone call with Moscow on sanctions confirms Hungary ‘doing the bidding for Russia’ within EU

Back to Iran and the perceived lack of support from European Nato allies, US president Donald Trump has now turned to criticising France in his latest outburst on social media.

In a post on Truth Social, he said:

“The Country of France wouldn’t let planes headed to Israel, loaded up with military supplies, fly over French territory. France has been VERY UNHELPFUL with respect to the “Butcher of Iran,” who has been successfully eliminated! The U.S.A. will REMEMBER!!! President DJT”

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