Oil and gas crisis from Iran war worse than 1973, ​1979 and 2022 together, says IEA
Posted on Tuesday April 07, 2026

Oil prices swing and stock markets tense on approach to Trump’s deadline for Iran to reopen strait of Hormuz

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The oil and ‌gas crisis triggered by the blockade of the strait of Hormuz is “more serious than the ones in 1973, ​1979 and 2022 together”, the head of the International Energy Agency (IEA) has said.

Speaking as Donald Trump’s deadline for Iran to reopen the waterway approached, Fatih Birol told ⁠Le Figaro newspaper that the impact of the Middle East conflict on the oil market was larger than the combined force of the twin shocks of the 1970s and the fallout from Russia’s invasion of Ukraine.

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Meta employee in London accused of downloading 30,000 private Facebook images
Posted on Tuesday April 07, 2026

Police investigating as former worker is suspected of having designed program to avoid security checks

A former worker at Meta is under criminal investigation on suspicion of downloading about 30,000 private Facebook images.

He was employed by the social media company when it is believed he designed a program to be able to access the pictures while avoiding internal security checks.

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Hedge fund borrowing exposes emerging markets to greater Iran war risk, says IMF
Posted on Tuesday April 07, 2026

Analysis shows developing economies more likely to experience higher interest rates and currency shocks

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Emerging economies are at greater risk of higher interest rates and currency shocks resulting from the Iran war because of increased reliance on market investors such as hedge funds, the International Monetary Fund has warned.

The IMF’s analysis shows that a cumulative $4tn flowed into emerging markets last year from outside the formal banking sector – including from hedge funds and investment funds.

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JP Morgan reaches agreement with City airport for Canary Wharf’s tallest tower
Posted on Tuesday April 07, 2026

Bank to submit planning application shortly, after securing deal on 265m-high London Docklands building

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JP Morgan Chase has reached agreement with London City airport to build one of Europe’s tallest office towers in the east of the capital.

The £3bn tower is poised to be the tallest in the Canary Wharf financial district after JP Morgan, one of Wall Street’s biggest banks, secured approval from the airport.

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Children in UK report online sextortion attempts in record numbers
Posted on Tuesday April 07, 2026

Exclusive: Call for nudity-detection tech on phones as number of under-18s reporting blackmail attempts rises by 34%

• ‘I felt ashamed and scared’: how an online friendship became a sextortion nightmare

Children are reporting online sextortion attempts in record numbers in the UK, as campaigners urge tech companies to do more to stamp out the crime.

The Report Remove service, which allows children to flag intimate images or videos of themselves that have appeared, or could appear, online, said it received 394 reports from under-18s last year of blackmail attempts after sending sexual images to predators. The figure is 34% higher than in 2024.

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Musk’s SpaceX courts retail investors as it aims for record-breaking stock market flotation
Posted on Tuesday April 07, 2026

Elon Musk’s aerospace to AI company will host summer event to try to convince buyers it is worth $2tn

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SpaceX will kick off the marketing for its highly anticipated stock exchange debut by hosting an event in June for 1,500 retail investors, as executives set out to convince buyers that the aerospace to artificial intelligence group should be valued at $2tn.

In an unusual move, the company has earmarked a large portion of its shares – potentially up to 30% – for non-professional, non-institutional investors, banking on the popularity of its chief executive, Elon Musk, to help it raise $75bn (about £56bn) in what is expected to be the largest public offering in history.

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Sporting v Arsenal: Champions League quarter-final first leg – live
Posted on Tuesday April 07, 2026

⚽ Champions League updates from 8pm BST
⚽ Real Madrid v Bayern Munich – live updates
⚽ Email Yara | Read the latest Football Daily

Real Madrid v Bayern Munich: Rob Smyth is on MBM duty for the match at the Santiago Bernabeu. Follow along below.

Champions League preview: Our friends at WhoScored have crunched all the numbers behind the four quarter-final ties: Sporting v Arsenal, Real Madrid v Bayern, Barcelona v Atlético Madrid and PSG v Liverpool.

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Real Madrid v Bayern Munich: Champions League quarter-final first leg – live
Posted on Tuesday April 07, 2026

⚽ Updates from this 8pm kick-off at the Bernabéu
⚽ Six of the best Bayern and Real Madrid face-offs
⚽ Read Football Daily | Sporting v Arsenal – live

Bayern will hope to get over what has become an awkward hurdle. In five of the six seasons since they last won the Champions League, they’ve gone out in the quarter-finals.

Sporting v Arsenal is the night’s other Champions League game. You can follow that with Yara El-Shaboury.

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