mardi 10 mars 2026

Trump: Iran war ‘very complete’

The oil price nightmare facing households | How to bag a table at the most in-demand restaurants
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Tuesday, 10 March 2026

Issue No. 380

Good morning.

Late last night, Donald Trump hinted that US involvement in the war in Iran might be nearing its end. “Very complete, pretty much,” were his words after an hour-long phone call with Vladimir Putin. Nevertheless, affairs in the Middle East are likely to have a drastic impact on our energy prices at home. Szu Ping Chan, our Economics Editor, leads you through the likely effects of looming inflation on your bills.

Chris Evans, Editor

P.S. There are only a few days left to claim one year of The Telegraph for £1.99 per month, including all the articles in this newsletter. If you are already a subscriber, make sure you’re logged in to read today’s stories.


 

In today’s edition

The tiny island that could let Trump beat Iran without sending a single troop

‘Scammers stole my face to advertise a dodgy AI investment scheme’

Plus, how to bag a table at the most in-demand restaurants

Final days to claim your email-exclusive offer

Get a year’s access for £1.99 per month. That’s just £23.88 for your first year.

 

Trump says Iran war ‘very complete’ after call with Putin

Ben Farmer

Ben Farmer

Africa Correspondent, in Dubai

 

After 10 days of conflict in the Middle East, Donald Trump has said the war is “very complete, pretty much”.

His comments came after a long phone call with Vladimir Putin gave some relief to tumbling markets and checked soaring oil prices. The US president subsequently announced that he would waive “oil-related sanctions” to unnamed countries, widely understood to be Russia.

The Kremlin said Putin had given Trump proposals to end the war quickly during their hour-long chat. US defence officials also said that America was close to achieving its military objectives.

A US B-1 bomber returns to RAF Fairford after a mission in Iran last night

Iran’s Revolutionary Guards responded by declaring: “We are the ones who will determine the end of the war.” They said they would not allow “one litre of oil” to be exported from the region if the US and Israel continued attacks.

Meanwhile, Trump doubled down on his unsupported claim that Iran was responsible for the bombing of a girls’ school, saying he was “willing to live with” the findings of a US investigation into the incident.

Elsewhere, Emmanuel Macron, the French president, said he had ordered an “unprecedented” naval task force to the Middle East to reopen the Strait of Hormuz. Macron said he would deploy eight frigates, two amphibious helicopter carriers and the country’s aircraft carrier, Charles de Gaulle.

Emmanuel Macron pictured on a visit to the Charles de Gaulle aircraft carrier

While the Ministry of Defence announced last night that it had begun “air sorties” over the United Arab Emirates, and warplanes had shot down an Iranian drone in the region, Sir Keir Starmer has failed to send a single warship since Cyprus came under attack.
Read the full story here

Go deeper with our full coverage of the Iran war:

Follow the latest on the conflict

Macron orders ‘unprecedented’ naval deployment

Live updates: Oil price drops as Trump waives sanctions

 

The oil price nightmare facing households

Szu Ping Chan

Szu Ping Chan

Economics Editor

 

Prepare for pain. Rachel Reeves’s warning of a looming inflation shock is a stark reminder of just how exposed Britain is to volatile energy prices.

The Chancellor admitted yesterday that tensions in the Middle East meant price rises were coming, with soaring energy costs “likely to put upward pressure on inflation in the coming months”.

The rate of price growth is still stubbornly high at 3 per cent. While the spectre of $100-a-barrel oil has receded, higher prices still look like the new normal. That’s a very different world from a few weeks ago, when inflation and borrowing costs were on a decidedly downward path.

Motorists are already feeling the pinch. Petrol prices are up by 5p per litre compared with a couple of weeks ago while diesel has risen by roughly twice that amount.

The RAC said average petrol costs were likely to hit 140p “in the next week or so”, with diesel now set to breach the 160p mark within days.

Economists warned that typical gas and electricity bills could hit an annual £2,000 by the summer.

The price of heating oil has already more than doubled, prompting Reeves to signal that the Government will take action to bear down on prices as the Tories accuse suppliers of price gouging.

A broader bailout could still happen. Reeves pledged to take “the necessary decisions to help families with the cost of living and protect the public finances”, adding: “My economic approach will both be responsive to a changing world, and responsible in the national interest”.

However, with economists warning that capping bills at their current rate could cost up to £10bn, any rescue package would come at a huge fiscal cost.

This piece of insightful journalism is available only to subscribers.
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Plus, our new-look business newsletter is your expert guide to the people and events shaping economies, markets and industries.
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Iran must-reads

The tiny island that could let Trump beat Iran without sending a single troop

A barren limestone outcrop 15 miles off Iran’s coast could hold the key to “Operation Epic Fury”. Handling 94 per cent of the country’s exported crude, Kharg Island is the Islamic Republic’s economic lifeline. Speculation is mounting that Washington plans to seize the island intact, granting Donald Trump a strategic stranglehold over Tehran’s security forces and Beijing’s energy supply. Even so, capturing this isolated prize is a high-stakes geopolitical gamble with the risk Iran could sabotage its own oil operation.

For subscribers only

 

The Iranian general who always survives... is he Mossad’s ultimate plant?

During Iran’s 12-day war in June, Israel ordered the wholesale targeting of the top brass of the Islamic Revolutionary Guards Corps. Gen Esmail Qaani, a brigadier general and one of the most powerful military figures in Iran, was thought to have been killed. Days later, he emerged in public wearing civilian clothes and a baseball cap. It was not the first, or last time the general narrowly avoided an assassination attempt, and speculation is starting to grow over his “extraordinary ability to walk away unscathed while everyone around him dies”.

Continue reading

 

Credit: Flightradar24

Iran war chaos squeezes world’s airlines through ‘eye of a needle’

Every year, the Batumi Bottleneck sees more than a million raptors pass through in one of the world’s most spectacular migrations. Now, the port city in Eastern Georgia is witness to a different type of migration, as plane after plane flies on the world’s newest aerial highway. The Iran war has forced almost all of the world’s airlines through a narrow channel over Georgia and Azerbaijan, forming a major bottleneck in their bid to avoid Iranian and Russian skies.

Continue reading

 

Opinion

David Blair Headshot

David Blair

Iran has already made its first big miscalculation of the war

Instead of securing an early ceasefire, Iran has prolonged the conflict by attacking its Gulf neighbours

Continue reading

 
<span style="color:#DE0000;">Robert Tombs</span> Headshot

Robert Tombs

The Royal Navy made Britain impossible to invade. Now we face a rude awakening

Continue reading

 
<span style="color:#DE0000;">Jake Wallis Simons</span> Headshot

Jake Wallis Simons

Iran’s malevolent new Ayatollah clearly has a death wish

Continue reading

 
Matt Cartoon
 

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In other news

The King, Queen and Prince and Princess of Wales gather at Westminster Abbey to celebrate Commonwealth Day

Your Essential Reads

The disastrous cost of Labour’s tax on the young

Minimum wage increases have pushed up youth unemployment

Labour’s double whammy of a hike in employers’ National Insurance and a rise in the minimum wage has made the cost of hiring a young person skyrocket. As David Wilkes reports, this isn’t just affecting those under 25 who can’t get a job, it is costing all of us in terms of soaring benefit payments and a decline in the proportion of the population who pay tax.

Continue reading

 

Maro Itoje saw Sam Underhill sent to the sin-bin and then followed him

Maro Itoje’s dumb card is symbolic of England’s leadership problem

England’s Six Nations campaign went from bad to worse in Rome on Saturday, and the issue of leadership has once again come to the fore. Captain Maro Itoje’s yellow card not only epitomised the team’s ill discipline but it was plain stupid, and a head-loss moment you wouldn’t expect from an England captain. Who can step up to rectify England’s problems when the team is under pressure?

Continue reading

 

The photo the scammers used, showing Madeleine holding a £10 for a previous article she wrote for The Telegraph

‘Scammers stole my face to advertise a dodgy AI investment scheme’

When I opened my phone to a text from a fellow money reporter, writes Madeleine Ross, I wasn’t expecting to learn that my face had been stolen by fraudsters to advertise an AI cryptocurrency investment scam. While initially I found the low-tech adverts funny, I soon began to have my doubts. What if someone believed I had endorsed this? This is what I found out.

Continue reading

 

Seize the day

How to bag a table at the most in-demand restaurants – according to the experts

Recent years have seen London’s restaurant industry become increasingly like that of New York, as it has become impossible to book a table at the most popular spots. This is not just true of our capital. Across Britain, restaurant booking has become an increasingly vicious game. Here, hospitality experts share nine in-the-know tips for securing a table.

Continue reading

Below is another article that I hope will improve your day:

  • Easter is fast approaching and hot cross buns are coming into season. Xanthe Clay, our Food Writer, has assessed the best and worst that supermarkets have to offer this spring.
  • Today marks the first day of the Cheltenham Festival. Here is everything you need including tips, odds and the weather ahead of the first set of races.
 

From the fashion desk

Why it’s time for men to wear proper shoes to the office again

Robert Peston and Stephen Fry shoes

Robert Peston and Stephen Fry have been criticised for their informal footwear

It is quite uncommon for us to feature Robert Peston in the Fashion pages at The Telegraph. However his recent style choices do warrant such attention.

The ITV political editor’s shoes, specifically, have irked viewers recently. As he was delivering the latest news on the conflict in the Middle East, he projected suitable gravitas with his shirt and tie. Yet as the camera panned out, viewers caught sight of his bold red Nike trainers. Some called them “garish”, others said they were “very unprofessional”.

However, Peston is not the only man who has contributed to a sad decline in men’s footwear standards. Sir Stephen Fry turned up at Buckingham Palace to be knighted by the King last year wearing a pair of black trainers.

How did it come to this? Mark Palmer takes a closer look, and reveals where to buy the smart alternatives.
Continue reading

 

Your say

‘Sounds and sweets airs, that give delight and hurt not’

Every weekday, Orlando Bird, our loyal reader correspondent, shares an off-piste topic that has brought out the best of your opinions and stories.

Orlando writes...
I enjoyed Bijan Omrani’s article about the value of learning poetry by heart, even if its conclusion was a dispiriting one. Sadly, I have no evidence to contradict his observation that this practice is in terminal decline. When I was at school – not exceptionally recently – the idea of spending a lesson memorising Dover Beach would have seemed quaint, and the situation appears to have worsened.

It’s a shame, because the stuff you encounter at that age tends to stick. I was lucky to grow up in a home strewn with poetry books, and the things I read then still have a particular vividness. It perhaps doesn’t say much for the vitality and optimism of my 13-year-old self that the poet I instinctively gravitated towards was Philip Larkin, but there we go.


 

Readers have had much to say on this subject. “There is a deep satisfaction in recalling poetry learnt when one was young,” wrote Judy Sutherland. “Sixty-eight years ago, with much grumbling, my English class set about memorising some of the Prologue of Chaucer’s Canterbury Tales. I still remember the lines, and find it very soothing to murmur them to myself.”


 

“At my prep school”, added Patrick White, “there was a poetry competition. At the end of term some of the pupils had to stand in front of the whole school and recite their poem. I chose Edward Lear’s nonsense poem Akond of Swat. With the book token prize I purchased Edward Lear’s Nonsense Omnibus, which I still have. I can recite most of the 23 verses, but I still do not know ‘Who, or why, or which, or what, is the Akond of Swat’.”


 

Brian Jenner has been attempting to buck the trend: “I recently offered my son £12 to learn John Masefield’s Cargoes, as I had recited it at primary school. I made a video of him doing this and sent it to his grandmother, who said she had also learnt it at school. Later, I showed the video to my son’s teacher. I suggested that he could ask my son to recite the poem, or get all the pupils to learn it. He wasn’t so sure.”

Do you have a poem up your sleeve? Send your responses here, and the best of the bunch will feature in a future edition of From the Editor PM, for which you can sign up for here, and the best will feature in a future edition of From the Editor PM, to which you can sign up here.

Please confirm in your reply that you are happy to be featured and that we have your permission to use your name.

 

Puzzles

Panagram

Find as many words as you can in today’s Panagram, including the nine-letter solution. Visit Telegraph Puzzles to play a range of head-scratching games, including PlusWord, Sorted, and Quick, Mini or Cryptic Crosswords.


 

Yesterday’s Panagram was OVERHEARD. Come back tomorrow for the solution to today’s puzzle.

 

Thank you for reading. Have a fulfilling day and I hope to see you tomorrow.

Chris Evans, Editor

P.S. I’d love to hear what you think of this newsletter. You can email me your feedback here.

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lundi 9 mars 2026

Iran picks new leader as oil crisis looms

The surprising signs of Parkinson’s you might not spot | Five big changes coming for landlords this year
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Monday, 9 March 2026

Issue No. 379

Good morning.

Iran has named the son of the former ayatollah as its new supreme leader. Mojtaba Khamenei is a conservative hardliner whose father, mother, wife and son have been killed in the past eight days. An olive branch with the US therefore seems unlikely, and Akhtar Makoii explains why Khamenei may even struggle to consolidate power.

The global economy is taking a battering. Overnight, the price of oil surged past $100 a barrel, and with the 24-mile wide Strait of Hormuz closed to Western business, energy prices are set to skyrocket. Jonathan Leake, our Energy Editor, reports on the cataclysmic fallout from Iran’s crippling geopolitical play.

Chris Evans, Editor

P.S. There are only a few days left to claim one year of The Telegraph for £1.99 per month, including all the articles in this newsletter. If you are already a subscriber, make sure you’re logged in to read today’s stories.


 

In today’s edition

How the global economy was left on the brink by a tiny 24-mile wide waterway

The surprising signs of Parkinson’s you might not spot

Plus, five big changes coming for landlords this year

Final days to claim your email-exclusive offer

Get a year’s access for £1.99 per month. That’s just £23.88 for your first year.

 

Defiant Iran turns to Khamenei’s son

Mojtaba Khamenei, the late ayatollah’s son, has been appointed to succeed his father

Akhtar Makoii

 

Iran has named Mojtaba Khamenei, the 56-year-old son of the late Ayatollah Ali Khamenei, as the Islamic Republic’s third supreme leader.

The Assembly of Experts formally announced his selection overnight after a nine-day succession process, with Iran’s Revolutionary Guards and National Police both promising full allegiance.

Supporters of the Islamic Republic rallied after midnight in Tehran and other cities, pledging support to the new supreme leader.

The appointment is significant for several reasons.

Mojtaba lacks the senior religious credentials traditionally expected for the role – he holds the rank of hojjatoleslam, several levels below grand ayatollah.

He is simultaneously the most powerful man in Iran and potentially the most vulnerable supreme leader the country has ever had.

Donald Trump has already signalled disapproval and Israel has warned it will target anyone seeking to fill the role.

He takes power during an active war, with bombs falling, oil facilities burning and Iran’s military command structure severely weakened.

Vehicles at Tehran oil depot melt after US and Israeli strikes

Whether he can consolidate authority – religious, political, and personal – over a fractured system remains the central question facing Iran right now.
Read the full story here

David Blair: New supreme leader shows folly of Trump’s war

Profile: Iran’s shadowy new leader hated America before. Now it’s personal

 

How the global economy was left on the brink by a tiny 24-mile wide waterway

Jonathan Leake

Jonathan Leake

Energy Editor

 

The Strait of Hormuz, only 24 miles wide and surrounded by sun-baked rocky deserts, is among the world’s least appealing seaways, but what lies beyond attracts 40,000 tankers and cargo vessels a year.

The countries lining the Gulf produce not only a fifth of the world’s oil and gas but also a raft of other essential commodities.

They include half the world’s nitrogen-based fertilisers, vital for farms across America and Europe. The Gulf also produces a fifth of the world’s sulphur, essential for industries ranging from metal production and petrol-refining to manufacturing complex electronics.

The Strait is vital for goods going the other way too; tens of millions of people from the Middle East rely on food imports passing through it.

As multiple economic and human disasters ripple out from the Strait, who will blink first? Iran? Or Donald Trump?

This piece of analytical journalism is only available to subscribers.
Sign up to read it here

Meanwhile, In Washington, there is anxiety about spiralling gasoline costs, not just in the White House but on the streets.

Customers keep asking why there has been a “jump at the pumps”, and there are queues as motorists rush to fill up their cars. Trump will be watching closely. Every US president knows that when prices at the pump spike, their poll ratings plummet.
Trump claims ‘a small price to pay’ as oil rockets through $100

Latest updates: Asian markets plunge after oil surges by 25pc

 

Iran must-reads

Trump says ending Iran war will be ‘mutual’ decision with Netanyahu

Donald Trump has said the decision to end the war with Iran will be a “mutual” one with Benjamin Netanyahu. The US president said that Israel’s prime minister will have input on resolving the spiralling conflict, which has now entered its 10th day. Speaking in response to attacks by the Iranian regime on the Gulf states, the prime minister of Qatar described them as a “betrayal” and a “dangerous miscalculation”.

Elsewhere, Sir Keir Starmer has spoken to Trump for the first time since the US president criticised him for not supporting strikes on Iran. The conversation came hours after Trump rebuked Sir Keir again, following reports that Britain was preparing an aircraft carrier to go to the Middle East.

Were Britain to deploy HMS Prince of Wales, it may need to be escorted by a French warship with most of the Royal Navy’s fleet unavailable or undergoing maintenance. With a number of European ships set to converge on Cyprus following the drone attack on RAF Akrotiri, Emmanuel Macron will visit the island today, pushing France to the front of Europe’s military response while Sir Keir, and Britain, are left in the cold.

Follow the latest updates here

 

Under siege, Iran turns to its deadly weapon of choice

For Iran to kill six American troops, one might assume that a fearsome cruise missile, such as the Khorramshahr, which carries warheads weighing up to 1,800kg, was deployed. However, the strike was probably carried out by a cheap and crude low-flying Iranian Shahed drone that cost as little as $10,000. Serious but not, perhaps, a surprise: these drones have been wreaking havoc in Ukraine since the Tehran regime started selling them to Russian forces in the early phases of Vladimir Putin’s invasion.

Continue reading

 

Iran’s IRIS Dena was destroyed by a US submarine torpedo, in the first such attack since the Falklands war

Audacious submarine kill shatters illusion of Indian power

The commander of the Iranian navy grinned as he shook hands with his Indian counterpart, both dressed in immaculate white-gold uniform, a show of India’s supposed global prowess. Just two weeks later, an Iranian ship was lying in pieces at the bottom of the Indian ocean, shattering any illusion of Indian global power.

Continue reading

 

Opinion

Tom Sharpe Headshot

Tom Sharpe

The battle for the Strait of Hormuz is coming. What can Britain do?

This fight is coming to us whether we like it or not and we should respond accordingly

Continue reading

 
<span style="color:#DE0000;">Hamish de Bretton-Gordon</span> Headshot

Hamish de Bretton-Gordon

The US has now removed two dictators. Putin will be trembling in his boots

Continue reading

 
<span style="color:#DE0000;">William Sitwell</span> Headshot

William Sitwell

It’s time the BBC slapped a tobacco-style warning on Chris Packham

Continue reading

 

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In other news

This picture shows a man who looks like Andrew Mountbatten-Windsor with a young woman on his lap

Your sport briefing

Your essential reads

Laura Beck and her partner, Jez Murphy, live on a converted narrowboat in Middlesex

Cheaper than a London flat, but you have to empty the loo: the highs and lows of narrowboat life

Unable to afford a flat in London, Laura Beck and Jez Murphy bought a second-hand narrowboat. Now, having painted the hull, fixed the rusting roof, renovated the interior, rewired, and installed a pizza oven and a gelato-maker, Laura, gives Marina Gask a very honest assessment of life on the water.

Continue reading

 

The surprising signs of Parkinson’s you might not spot

While a tremor is synonymous with Parkinson’s, “30 per cent of people with the condition will never have one, and each patient can have quite an individual response to it,” says Dr Robin Fackrell, a consultant in geriatric and general medicine. That’s because Parkinson’s has over 40 different symptoms, some of which can appear up to a decade before diagnosis. Here, with the help of a specialist, Telegraph Health lists nine uncommon symptoms you should look out for and when to visit a GP.

For subscribers only

 

Arlene Costello with her daughter Marie-Claire, formerly known as Sophie

‘I changed my daughter’s name because it didn’t suit her’

When Arlene Costello and her husband Michael welcomed their third child into the world, they named her Sophie. Less than a week later, Arlene couldn’t help feeling it had been a mistake. “I didn’t dislike the name, but I just really felt as though it wasn’t ‘her’ name,” she says. So, aged two weeks, Sophie became Marie-Claire. Since then, Arlene has learnt of scores of other mothers who have suffered “baby-name regret”. Heather Main reports on a growing phenomenon.

Continue reading

 

Seize the day

The five big changes coming for landlords this year

From this April, Britain’s landlords will face a wave of changes that could drastically affect the rental market. Property owners will need to prepare themselves for the coming months. In this guide, Telegraph Money investigates what these changes could mean for you.

Continue reading

Below are two more articles that I hope will improve your day:

  • The Sunday night staple Call the Midwife cranks up the nostalgia and the supernatural as it reaches the end of the road. The finale will leave a huge hole in the BBC schedule. Read our five star review here.
  • From a special variety of rose to personalised jewellery, Telegraph writers and readers share 35 of their recommendations for thoughtful Mother’s Day gift ideas.
 

Caption competition with...

Matt Cartoon
Matt Pritchett

Matt Pritchett

Cartoonist

 

Hello,

Thank you for all your brilliant submissions this week. Unsurprisingly, the conflict in Iran was the theme of most of your captions, but this one took the cake. Well done, Una Dane.

Above is this week’s cartoon, a familiar sight this week in Dubai. Send me your captions here and may the best man or woman win.

Matt Cartoon

P.S. For an inside look at what inspires my weekly cartoons, you can sign up for my personal subscriber-exclusive newsletter here.

 

Your say

Cymru conversation

Every weekday, Orlando Bird, our loyal reader correspondent, shares an off-piste topic that has brought out the best of your opinions and stories.

Orlando writes...
The Prince and Princess of Wales marked St David’s Day with a message delivered in Welsh. They have apparently been using Duolingo to brush up their skills. When in Rhondda, and all that.


 

Many were impressed by their efforts, but Huw Baumgartner, writing from Pembrokeshire, was less enthused: “Only 18 per cent of the Welsh population can speak the language of heaven, so the people’s tongue is, in practical terms, English. I fully support the capacity for Welsh speakers to conduct their lives in the language, but the priority given to it by the devolved Government, especially in education, is disproportionate and tends to niggle the forgotten majority.”


 

P Johnson, a fellow Pembrokeshire dweller, tended to agree: “We find the prioritising of Welsh at the top of road signs very distracting. While driving, it takes extra seconds to scan the Welsh wording before arriving at the English directions, thus taking your eyes off the road. This is surely a safety issue.”


 

Some Welsh place names could take rather longer than that to scan. Marilyn Parrott told how, “when I started at grammar school in Cardiff, it was compulsory to learn Welsh for a year. Sixty years on, I can still pronounce Llanfairpwllgwyngyllgogery chwyrndrobwllllantysiliogogogoch without hesitation, repetition or deviation.”


 

There’s a line in Kingsley Amis’s great novel The Old Devils, set in South Wales, that never fails to make me smile: “They went outside and stood where a sign used to say Taxi and now said Taxi/Tacsi for the benefit of Welsh people who had never seen the letter X before.” It has probably led me to take a flippant attitude to this topic – along with being made to learn a few bits of Cornish, a language that scores profoundly low on usefulness, when I was at primary school.

What do you think? Send your responses here and the best of the bunch will feature in a future edition of From the Editor PM, to which you can sign up here.

Please confirm in your reply that you are happy to be featured and that we have your permission to use your name.

 

Puzzles

Panagram

Find as many words as you can in today’s Panagram, including the nine-letter solution. Visit Telegraph Puzzles to play a range of head-scratching games, including PlusWord, Sorted, and Quick, Mini or Cryptic Crosswords.


 

Yesterday’s Panagram was PROTRUDED. Come back tomorrow for the solution to today’s puzzle.

 

Please let me know what you think of this newsletter. You can email me your feedback here.

Thank you for reading. Have a fulfilling day and I hope to see you tomorrow.

Chris Evans, Editor

We have sent you this email because you have either asked us to or because we think it will interest you.

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