Final days to claim your email-exclusive offer |  | 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.
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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 ➤ |  | 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.
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Sign up here ➤ | | 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 ➤ | |  | | 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 ➤ | | | | | 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 ➤ | | | David Blair Instead of securing an early ceasefire, Iran has prolonged the conflict by attacking its Gulf neighbours Continue reading ➤ Robert Tombs The Royal Navy made Britain impossible to invade. Now we face a rude awakening Continue reading ➤ Jake Wallis Simons Iran’s malevolent new Ayatollah clearly has a death wish Continue reading ➤ | | To make sure you don’t miss our newsletters when they land in your inbox, click here. | | The King, Queen and Prince and Princess of Wales gather at Westminster Abbey to celebrate Commonwealth Day | | 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 | | 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 | | 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 ➤ | | | 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.
| | 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 ➤ | ‘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. | | 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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