Many of them find themselves at the sharpest end of the housing crisis: unable to afford even the cheapest rent and lacking the stability needed to pursue a career or complete their education.
A lack of housing supply has been a policy challenge for several years. Successive governments have struggled to get homes built, and housing charities argue that some 90,000 social homes are needed every year in order to address the chronic shortage of affordable housing.
Michelle Donovan, Head of Independent Living at Centrepoint, says the cycle of instability caused by a lack of housing can be disruptive for young people in particular, “It’s such a crucial time for them. It can harm career progression and educational attainment.”
In response, the youth homelessness charity launched its Independent Living Programme. The initiative’s crucial innovation is to cap rent at one-third of a resident’s earnings, and to provide support services focused on ensuring they are ready to maintain employment and housing when they move on.
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Michelle says the most important thing is that young people have space to hold down a job “Our homes give them that stability and from there it ends their reliance on benefits and hopefully means they can escape homelessness for good. The idea is we’re giving young people the stability they need to focus on their futures.”
The flat that changed one young woman’s life
A woman who spent the pandemic lockdowns alone in her room in homelessness accommodation is now fulfilling her dream to be a midwife.
Katelin, who became homeless at 17 after years of family arguments, said the isolation gave her time to plan the steps she needed to achieve her goals. “During COVID I thought, where do I see myself if I stay where I am?”
She spent two years in supported housing but – like 1 in 5 young people in similar situations – struggled to move on and start living independently.
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Her support worker told her about a scheme run by Centrepoint for working young people who couldn’t afford rent elsewhere, “I got incredibly lucky – the scheme was offered to me and one other person. I wouldn’t be able to say I’m a midwife now if it wasn’t for me living at the independent Living Programme.
We Can’t Do This Alone
Last year, over 118,000 young people faced homelessness. That’s one young person every four minutes. At a time of life when most of their peers are trying new things and taking their first steps into adulthood, these young people found themselves alone and afraid, and unsure where to turn.
It doesn’t have to be like this, with the right support at the right time, these young people can escape homelessness or avoid it altogether.
At Centrepoint, provide more than a bed for the night. We provide a safe place to rebuild, support into education and work, and the confidence to believe in a better future.
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Youth homelessness is not inevitable. With the right help at the right time, it can be prevented and it can be ended.
Our mission is to end youth homelessness – and you can help us.
Whether it’s running a marathon or holding a sleep out, you, your friends, family and co-workers can join our movement to end youth homelessness and give vulnerable young people a brighter future.
A PE teacher has revealed how living in a Centrepoint Independent Living Programme home has made a “significant difference” to his life, giving him the stability and independence he previously struggled to find.
(Image: Centrepoint)
Londoner Naihum always loved sport and teaching. And, after finishing university, he secured a full-time role as a PE teacher. However, despite his dedication, he faced a common problem for many young people: a lack of affordable housing. Rents in his area were high, and the stress of trying to cover his living costs began to weigh heavily on him.
“I couldn’t find a place I could afford,” he said. “It was really difficult to manage everything on my own.”
Things changed when he heard about Centrepoint’s Independent Living Programme. After applying, he was offered a place in one of their homes where rent is capped at a third of his salary.
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“Living here has made a significant difference. I’m able to afford it without having to stress overnight and having to think about where I’m going to get the money from with the job that I’m currently at,” he explained, “I know that other people are in situations where they are finding it hard and their mental health is affected.”
The Independent Living Programme homes are more than just housing; residents are also able to access additional support in acquiring the life skills young people need to sustain tenancies in the future. Naihum has worked with mentors to improve his budgeting and financial management, helping him to understand what he can do to cover essentials like food, transport, and bills.
The stability and support has helped Naihum in other ways too. Over time, he has built a strong sense of community with other young people living in similar situations to him. “It’s great because you’ve got others to reach out to and it just makes it easier,” he said.
Now the charity hopes even more young people like Naihum can be supported thanks to the latest Omaze Million Pound House Draw in the Lake District, which will help fund more of the charity’s Independent Living Programme homes and give young people the chance to move from homelessness into independence.
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The partnership could not have come at a more important time. Centrepoint’s chief executive, Seyi Obakin OBE, is hopeful that many dozens more young people will get to benefit from the stability that the charity’s Independent Living Programme affords young residents: “The guaranteed £1 million raised by Omaze will help us expand our services and build more genuinely affordable homes for those ready to move forward. Together, we can help transform young lives and end youth homelessness for good.”
While the lingering chill in the air might lead you to believe otherwise, British festival season is fast approaching. We’ve whittled things down into a handy guide to the events you won’t want to miss out on this summer.
For the music obsessives looking to spruce up their rotation with some fresh talent, look no further than the UK’s biggest new music festival, The Great Escape, which will be celebrating its 20th birthday in May. It’s set to be one hell of a party.
Speaking of newcomers, State Fayre, the latest event from industry titans Festival Republic, will be hoping to shake things up in August, bringing an impressive mix of rock, country, folk and Americana to the sprawling grounds of Hylands Park in Chelmsford, Essex.
Then there are some killer line-ups from Reading and Leeds, All Points East, Green Man and Isle of Wight, which should be enough to keep you busy while Glastonbury takes its traditional fallow year.
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So, dust off your sunhat – and, let’s be realistic, your wellies and anorak, too – because it looks like this summer is set to be a corker…
The Great Escape
Peaches is performing a spotlight shot at Brighton Dome, hosted by The Independent (Press)
Where – Brighton
When – 13-16 May 2026
Twenty years since it first erupted onto the UK festival scene, the Great Escape will be returning to Brighton with a veritable smorgasbord of up-and-coming talent, sourced from every corner of the globe. Discover the hottest newcomers to indie, soul, metal, and everything in between, scattered over 30 intimate venues (all within walking distance) in the seaside town.
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Confirmed names range from Canadian powerhouse Peaches to The Kooks, who caught their big break at the festival back in 2006, as well as Irish act Kingfishr, who first played The Great Escape on The Independent’s stage two years ago, now performing a spotlight show at the Brighton Dome. Then there are over 450 other acts to enjoy across the four days, plus keynote conversations with Peaches, Melanie C, Ian Murray MP, and plenty of industry insiders and experts discussing everything from representation to mental health. Evie Wynne
Mighty Hoopla
Crowds soaking up the sun during a performance at Mighty Hoopla festival, 2023 (Sarah Louise Bennett)
Where – Brockwell Park, London
When – 30 and 31 May 2026
In May, London’s Brockwell Park will once again be playing host to the two-day bonanza that is Mighty Hoopla, the most colourful, joyful, camp celebration of everything we love about pop music. Witness sets from Tulisa, Scissor Sisters, JLS, Louise and Alexandra Burke all in one place, along with this year’s it-girl, Lily Allen, delivering a UK festival exclusive performance of her critically adored comeback album, West End Girl. Grab something sequinned, sparkling or spandex and we’ll see you there. EW
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Isle of Wight
The Isle of Wight Festival has branched out in recent years (PA Archive)
Where – Seaclose Park, Newport, Isle of Wight
When – 18 – 21 June 2026
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While the festival’s early line-ups earnt it a reputation as the “European equivalent of Woodstock”, it’s fair to say that Isle of Wight has diversified its offering in recent years. Whether you’re singing along to Lewis Capaldi or reminiscing on summers of yore with Calvin Harris and Rita Ora, there really is something for everyone. And with The Cure, Sex Pistols, and Shed Seven all set to make an appearance, there’s plenty to keep the rock fans happy, too. EW
State Fayre
Elvis Costello is headlining the inaugural State Fayre festival this summer (Getty)
Where – Hylands Park, Chelmsford, Essex
When – 26 – 28 June 2026
From the organisers of Reading, Leeds and Latitude, we give you State Fayre, a new event tapping into the UK’s ongoing obsession with country music. Packed with the very best that the country, Americana, rock and folk scenes have to offer, its lineup includes major acts like Elvis Costello and the Imposters, Alanis Morissette, Skunk Anansie, The Coral and Kings of Leon, plus brilliant newcomers such as Stephen Wilson Jr, Muireann Bradley and Kezia Gill. And when you need to re-charge, there’ll be plenty of delicious options thanks to foodie influencer Eating with Tod, who’ll be bringing his BBQ festival Fume to the park, as well. EW
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Latitude
Larking around at Latitude (Katie Wiilloughby/Festival Republic/PA) (Local Library)
Where – Henham Park, Suffolk
When – 23 26 July 2026
Latitude’s family-friendly festival returns with a typically excellent mix of music, art, literature and entertainment. Whether you’re in the mood for some chart-topping tunes from Teddy Swims and Tom Grennan, the sweet soul of Billy Ocean or the fiery rock of The Undertones. Want to give those weary feet a rest? Stroll over to the Listening Post, where Salford’s own Dr John Cooper Clarke will be imparting his wisdom with the crowd. Or, for some light relief, join Sarah Pasco, Lenny Henry, and Sue Perkins in the Comedy Arena for an afternoon of guaranteed laughs. EW
Camp Bestival
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Family fun at Camp Bestival (Press)
Where – Lulworth Castle, Dorset
When – 30th July – 2 August 2026
In just a matter of months, the staid grandeur of Lulworth Castle will once more be transformed into a kooky wonderland of circus, craft, disco, and plenty besides. In this, its 18th year, Camp Bestival will be taking parents on a trip down memory lane with performances from hip-hop greats Fatboy Slim and De La Soul, while, a few tents over, the kids settle down for a bedtime story with CBeebies. Best. Weekend. Ever. EW
ArcTanGent
Where – Fernhill Farm, Bristol
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When – 19 – 22August 2026
ArcTanGent represents a glimmering alternative to the more mainstream festivals out there. This year they’re offering performances from industry disruptors Chelsea Wolfe, Primus, and Perturbator, to name a few. ATG opens the door to an underground world of electronic, synth wave, and industrial, bringing them firmly into the fore. Join them in Bristol this August for an experience you won’t forget in a hurry. EW
Green Man
Wolf Alice are headlining Green Man this summer (Scott Garfitt/Invision/AP)
Where – Bannau Brecheiniog National Park, Wales
When – 20 – 23 August 2026
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Nestled amidst the gently rolling hills of Bannau Brecheiniog National Park in Wales, Green Man is back with another mesmerising programme of music, comedy, science, and arts designed to tantalise the senses. Part of a typically eclectic line-up, this year’s headliners include indie aficionados Wilco and modern-day rock band Wolf Alice, whose recent album, In Bloom, saw them nominated for a second Mercury Prize in 2025. Arguably the best part about Green Man, though, is the plethora of other activities on offer, which will see you filling your mornings with yoga and your evenings with toasted marshmallows, high on the magic of the Welsh mountain air. EW
All Points East
Tyler, the Creator will headline All Points East in a UK festival exclusive (Getty)
Where – Victoria Park, London
When – 21 – 30 August 2026
Its cool crowd and impressive line-ups have earned All Points East comparisons to California’s Coachella music festival – albeit smaller and with far fewer influencers. It’s a bit of a stretch given the California event is one of the biggest festivals in the world, but at least here you’re not shelling out $70 for tacos (it’s more like £18). Anyway, by now All Points East is a staple of any festival-lover’s culture calendar.
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Descending on Victoria Park this year are soul stars Jorja Smith and Tems, as well as two sets from Tyler, the Creator in what will be the American rapper’s UK exclusive. Headlining with support from PinkPantheress, fresh off her own headliner-in-the-making Coachella set of her own, is none other than Lorde. For the moody alt-rockers out there, both old and new thanks to a recent revival of early Noughties metal, Deftones are back in the UK – it’s been 31 years since their debut album, but hits like “Nosebleed” feel as fresh and immediate as ever. Likewise, nostalgia runs deep for Twenty One Pilots who will be making their APE debut on 30 August. Annabel Nugent
Reading / Leeds
The UK’s answer to Coachella? Sombr will be playing All Points East in August (Getty)
Where – Rivermead Park, Reading / Bramham Park, Leeds
When – 27 30 August 2026
Shrugging off any preconceived stereotypes of a festival overrun by excitable teenagers, Reading and Leeds have announced a line-up that is certainly not to be sniffed at. So, if Gen-Z artists Sombr, Role Model, and Raye aren’t your thing, the subversive sounds of Kneecap, Geese, and Men I Trust just might be. Meanwhile, for those whose tastes lie closer to the club, check out Mall Grab and Hybrid Minds on the brand new Warehouse stage for a party that won’t disappoint. EW
A town council has increased its portion of the council tax bill by nearly 70%
A man has been arrested on suspicion of fraud believed to be linked to a nearly 70% council tax precept rise. In February, Cambourne Town Council agreed to increase its council tax precept to £1,493,098, which was a 68% increase from the previous financial year.
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The rise left a number of Cambourne residents angry, with one resident branding it as “ridiculous”. The town council admitted that “restricted funds, including S106 monies, were previously used for revenue expenditure when they should not have been”, a spokesperson previously told CambridgeshireLive.
A 63-year-old man has been arrested on suspicion of fraud in connection with the precept rise. A Cambridgeshire Police spokesperson said: “On Wednesday (April 15), a 63-year-old man from St Ives was arrested on suspicion of fraud by abuse of position. He has been bailed until July 15.”
A Cambourne Town Council spokesperson said: “As there is an active criminal investigation, the Council is not able to comment on specific matters. We are complying fully with all legal obligations and will provide further information when it is lawful and appropriate to do so.”
Experts believe that around two million devices will be impacted (Picture: Riccardo Milani / Hans Lucas)
Millions of Amazon Kindle devices are going to stop working within weeks in what one book-lover has called a ‘nightmare’.
The tech giant informed Kindle lovers in an email last week stating that Amazon Kindle and Kindle Fire devices released during or before 2012 will no longer be supported from May 20.
This means that anyone using the affected devices, which rely on online services, will no longer be able to download new e-books, effectively ‘bricking’ the devices.
Amazon says that users will still be able to flip through already downloaded ebooks and their Kindle Library will remain accessible on the smartphone app and the Kindle website.
But it warned that deregistering or performing a factory reset on the older Kindles will make them unusable, and users will no longer be able to reregister it or use the device in any way.
On Kindle Fire devices, users will no longer be able to purchase or download content. All other services will remain operational.
In its recently updated support page, Amazon also confirmed that the gadget’s ‘Send to Kindle’ feature will no longer work, and users will be forced to use a USB cable to transfer any documents to e-readers.
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Older Kindle devices will no longer be able to download new books from the end of May. (Photo by Smith Collection/Gado/Getty Images)
Amazon should have already emailed you if you own one of these bricks-to-be, but you can use this page to find out which model you have.
To soften the blow, Amazon is offering longtime users a promotional code for 20% of some Kindle devices, as well as book credits if they purchase a new device before June 20.
Tech expert Paolo Pescatore says that as much as Amazon’s decision is ‘frustrating’ for users, stopping support for older models makes sense from a security perspective.
What has Amazon said?
An Amazon spokesperson told Metro: ‘Starting May 20, 2026, customers using Kindle and Kindle Fire devices released in 2012 and earlier will no longer be able to purchase, borrow, or download new content via the Kindle store.
‘These models have been supported for at least 14 years – some as long as 18 years – but technology has come a long way in that time, and these devices will no longer be supported moving forward.’
‘The challenge is that these devices were built for a different era and are not equipped to run newer, more data-hungry services and features,’ he tells Metro.
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‘On top of that, supporting ageing hardware becomes harder as older chipsets, components and software stacks lose broader industry support.’
Ugo Vallauri, co-director of the Restart Project, which teaches people how to refurbish their old tech, says Amazon will brick two million devices.
A Kindle 1st Generation (2007) is among the impacted products (Picture: eBay)
Vallauri tells Metro that while this will only impact 3% of users, it’s the latest example of ‘software obsolescence’, leading to 624 tons of e-waste.
‘We’ve seen it all before,’ he says. ‘Manufacturers of all kinds of products.
‘Amazon claims that new models provide better performance when deciding to stop supporting products they’ve already sold to consumers. However, that’s hardly a good reason for soft-bricking millions of still functioning devices.’
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‘By offering a discount to buy a new device, Amazon is implicitly inviting people to upgrade and recycle their existing, functioning device.’
‘I made the intentional choice not to trust Amazon’
Daria Ershova has owned her Kindle for nearly a decade (Picture: Daria Ershova)
Book-lovers have criticised the move. Among them is Daria Ershova, a PR worker in Belgrade, Serbia, who has owned a Kindle since 2017. Her mum, meanwhile, has been reading books on the device for 13 years.
‘What frustrates me most is the logic of it,’ Daria, 24, tells Metro.
‘If a device works perfectly fine, cutting off its access to new content is a bad business decision.
‘And it’s one that punishes exactly the kind of customer Amazon should want to keep: people who’ve been in their ecosystem for a decade.’
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Some social media users fear that the move was to force more people to use updated Kindle models that display adverts.
I’m so upset… My Kindle is fifteen years old. It still works fine, and I want no other. I read a lot, and this is the only e-reader that doesn’t hurt my eyes. None of the new models have a screen that so perfectly mimics paper. And now Amazon is forcing me to buy a new… pic.twitter.com/NuaSOYIG9C
— Susana Imaginário – Authoress (@Chronodendron) April 9, 2026
New Kindle models display ads for books and sponsored screensavers on the home page and lock screen, which can be removed for a fee.
Amazon’s announcement has left people who own e-readers not produced by the American corporation worried that their devices could be next.
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One social media user told Metro that he bought an e-device by the Canadian company Kobo for this very reason.
‘I am a bit worried that I’ll eventually need to replace my Kobo and would rather refurbish it,’ he says.
‘I’d be more worried if I had a Kindle but I made the intentional choice not to trust Amazon.’
England’s Lionesses are no strangers to making history.
The past decade has been rich in landmark moments; a first tournament medal, a first major trophy, and a first title defence – on foreign soil to boot.
When Sarina Wiegman’s side play Iceland in Reykjavik on Saturday (17:30 BST) they will reach another milestone – the 500th fixture for England’s senior women’s team.
The game is important for securing qualification for next year’s World Cup in Brazil, with England keen to win more silverware in the famous white shirt.
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But regardless of the result, the match will be etched in history as a reminder of how far the English women’s game has come.
“But, in saying that, watching him, his energy, his intensity of how he pressed and ran for the team and defended, they are all really, really good signs in terms of his fitness. And if he stays in that place, his quality will take over and he’ll be massive for us between now and the end of the season.”
Bitcoin has long been promised to function as money. In practice, it rarely does.
While 99% of transactions are still speculative trading, for as long as bitcoin has been a thing it has been used to skirt governments’ economic controls. Cryptocurrencies are particularly attractive for countries facing sanctions.
The Iranian government is considering charging oil tankers for safe passage through the Strait of Hormuz in cryptocurrency. The reports have excited the bitcoin community with crypto markets jumping slightly in response. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions”, an Iranian government spokesperson told the Financial Times.
$2 million per ship – in crypto
According to blockchain intelligence firm TRM Labs, Iran’s armed forces, the Islamic Revolutionary Guard Corps (IRGC), has accepted payments from ship operators since March, charging up to US$2 million per vessel to transit the strait. Payment can be made not only in bitcoin but also in Chinese yuan or the dollar-pegged “stablecoin” tether.
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For shipping companies, the details remain unclear. But many ships are unlikely to set sail without assurances of safe passage from the IRGC.
The US has taken a hard line. President Donald Trump has accused Iran of extortion and stated that the US would hunt down and intercept any ships in international waters that paid the Iranian tolls.
The stalemate is likely to tighten an already narrow choke point. The war has reduced the passage of tankers to a trickle.
Practical problems
Our research has examined how individuals and governments facing sanctions use cryptocurrencies as a way to buy and sell oil, raise hard currency and sidestep economic embargoes. Iran is no stranger to crypto shenanigans. Around 4.5% of all bitcoin mining takes place there, allowing the country to purchase imports and bypass US sanctions.
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Yet implementing a bitcoin-based toll system without US approval is not straightforward. Shipping companies will struggle to buy enough cryptocurrency from exchanges without alerting US regulators.
As the US has defined the IRGC a terrorist organisation, any exchanges doing business with Iran risk being added to sanctions lists. Two UK-registered crypto exchanges have found themselves in such a predicament this year.
Even if shipping companies had ready access to millions of dollars-worth of crypto, bitcoin is not truly anonymous. All transactions are logged in a transparent ledger, known as a blockchain, and can be traced with ease in real time.
The transit fee has been reported as the equivalent of US$1 per barrel of oil. US enforcement agencies need only check how much oil a ship is carrying and the time the vessel sailed the strait to guess whether or not a toll was paid.
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Who wins from crypto crises
Iran’s plan is seemingly a challenge to the dominance of the US dollar in global oil markets. Accepting payment in yuan, in particular, could subvert the so-called “petrodollar” system. One strategist at Deutsche Bank says the conflict could see “the beginnings of the ‘petroyuan’”.
But China and Iran aren’t the only potential beneficiaries. Some of the biggest commercial proponents of bitcoin are US oil firms, like Exxon and ConocoPhillips. Both have been recognised by the World Bank for their “innovations”: using residual gas from oil wells to power their bitcoin mining machines. Both benefit enormously from a high global oil price and spiking crypto markets. By spurring demand for bitcoin, the crypto industry – centred in the US – will also win big.
In times of war, stocks in weapons companies have always been a safe investment. It looks like cryptocurrencies could be joining them. In a forthcoming book I have written with colleagues, Crypto Crises: how digital currencies accelerate global instability, we explain how cryptocurrencies are reproducing and intensifying geopolitical crises, transforming them into new opportunities for states and corporations to extract profits.
Trump himself initially suggested that the US and Iran might levy the Hormuz toll fees as a “joint venture”, declaring that US involvement would be “a beautiful thing”.
Together, these moves point to a broader shift. Bitcoin remains difficult to use on the high street, while its transparent ledger makes it a terrible choice for criminals. Instead, its real use lies elsewhere.
Crypto use is often a symptom of desperation, not innovation. It is being touted during economic blockades or other moments of geopolitical tension, when conventional financial systems are restricted or have broken down. In these circumstances, it can become a makeshift opportunity for survival, or a tool for making quick profits from instability.
Tottenham host Brighton this afternoon as they continue their quest to dodge relegation to the Championship.
That defeat leaves Spurs in 18th place in the table, two points adrift of safety with six matches left to play.
They will have their work cut out for them if they are to get one over on Fabian Hurzeler’s Brighton, though.
The Seagulls are the form Premier League’s form team at the moment, with five wins in their last six matches propelling them back into the European conversation.
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Brighton have only graced European football once, going out in the last 16 of the 2023-24 Europa League.
Now ninth in the table with as many as eight Premier League sides set to compete on the continent next season, a strong performance in the run-in may well bring European football to the AmEx Community Stadium.
How to watch Tottenham vs Brighton
TV channel: In the UK, the game will be televised live on Sky Sports Premier League and Main Event, with coverage starting at 5pm BST ahead of a 5.30pm kick-off.
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Live stream: Sky Sports subscribers can also catch the contest live online via the Sky Go app and website.
Live blog: You can follow all the action on matchday via Standard Sport’s live blog, with expert analysis from Sam Tabuteau at Tottenham Hotspur Stadium.
Oil prices dropped back to where they were in the early days of the Iran war, and US stocks raced to another record Friday after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian Gulf to customers worldwide.
The S&P 500 leaped 1.2 per cent to an all-time high and closed out a third straight week of big gains, its longest streak since Halloween. A freer flow of oil could take pressure off prices not only for gasoline but also for groceries and all kinds of other products that get moved by vehicles. It could even ultimately help people pay less on credit-card interest and mortgage bills.
The Dow Jones Industrial Average surged as many as 1,100 points before paring its gain to 868, or 1.8 per cent. The Nasdaq composite climbed 1.5 per cent.
The US stock market has jumped more than 12 per cent since hitting a bottom in late March on hopes the United States and Iran can avoid a worst-case scenario for the global economy despite their war. Friday’s reopening of the Strait of Hormuz, which may only be temporary, is the clearest signal yet for optimism, and president Donald Trump said late Thursday that the war “should be ending pretty soon”.
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The price for a barrel of benchmark US crude plunged immediately after Iran’s foreign minister, Abbas Araghchi, posted on X that passage for all commercial vessels through the strait “is declared completely open” as a ceasefire appears to be holding in Lebanon. He said it would stay open for the remaining period of the ceasefire, and the price for U.S. oil dropped 9.4 per cent to settle at $82.59 per barrel.
Brent crude, the international standard, fell 9.1 per cent to settle at $90.38 per barrel. To be sure, it remains above its $70 price from before the war, indicating some caution is still embedded in financial markets.
US stocks are heading toward the end of a third straight week of big gains.
Several times since the war began, optimism on Wall Street has quickly deteriorated into doubt about a possible end to the fighting. That in turn has caused vicious and sudden swings of prices for everything from stocks to bonds to oil.
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Minutes after the Iranian foreign minister’s announcement of the Strait of Hormuz’s reopening, Mr Trump said on his social media network that the US navy’s blockade of Iranian ports remains “in full force” until both sides reach a deal on the war. He, though, also suggested that “should go very quickly in that most of the points are already negotiated” and emphasized it by using all capital letters.
Companies with big fuel bills soared to some of Wall Street’s biggest gains following the easing of oil prices.
United Airlines flew 7.1 per cent higher, and Southwest Airlines climbed 5.1 per cent. A day earlier, the head of the International Energy Agency had said that Europe has “maybe six weeks or so” of remaining jet fuel supplies.
Operators of cruise ships, which guzzle fuel, also steamed higher. Royal Caribbean Group gained 7.3 per cent and Carnival rose 7 per cent.
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Housing and auto-related companies likewise got some relief from the drop in oil prices.
With less threat of high inflation hurting the economy, a sustained drop in oil prices could convince the Federal Reserve to resume its cuts to interest rates to help the economy. The yield on the 10-year Treasury sank to 4.24 per cent from 4.32 per cent late Thursday, and lower yields can bring down rates for mortgages and other loans going to U.S. households and businesses.
Builders FirstSource, a supplier of windows and other products, rose 5.5 per cent, and homebuilder PulteGroup gained 5 per cent on hopes that lower mortgage rates will spur more people to buy houses. Carvana climbed 7 per cent because lower loan rates can get more customers into new autos.
A strong start to the earnings reporting season for big U.S. companies has also helped support the U.S. stock market, and more financial companies joined the list delivering bigger profits for the start of 2026 than analysts expected.
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State Street rose 2.5 per cent, and Fifth Third Bancorp added 1.7 per cent after both reported better results for the latest quarter than expected.
They helped offset a 9.7 per cent slide for Netflix, which fell even though it delivered a better profit than expected. It did not raise its forecast for revenue growth for the full year, which analysts said may have disappointed some investors.
It also said Reed Hastings, cofounder and chairman of the streaming company, will step down from its board of directors in June when his term expires.
All told, the S&P 500 rose 84.78 points to 7,126.06. The Dow Jones Industrial Average jumped 868.71 to 49,447.43, and the Nasdaq composite climbed 365.78 to 24,468.48.
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In stock markets abroad, stock indexes leaped in Europe following Iran’s announcement about the Strait of Hormuz. France’s CAC 40 jumped 2 per cent, and Germany’s DAX returned 2.3 per cent.
In Asia, where trading finished for the day before the announcement, indexes were weaker. Japan’s Nikkei 225 lost 1.8 per cent, and Hong Kong’s Hang Seng fell 0.9 per cent for two of the bigger losses.
The UK’s biggest grocer described the move as “one of the most revolutionary retailing improvements in decades” which would give customers access to a host of information about products via their smartphones.
QR codes will be applied to the packaging of 13 lines of Tesco’s own-brand sausages including Tesco Pork Sausages, Tesco Pork Chipolatas, Tesco British Pork Sausage Meat as well as British Cumberland Sausages and British Lincolnshire Sausages.
The codes can be used to provide additional product information to customers such as nutritional content, with shoppers being able to use them to access recipes and competitions.
(Image: PA Wire)
Tesco said adopting the new codes would give it better information about products in stores, helping it to order more accurately and improve efficiency, reducing unnecessary waste.
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In the event of product recalls, QR codes will allow retailers to identify specific batches instead of removing all items, avoiding throwing products away unnecessarily and improving availability.
Retailers will also be able to block the sale of affected items at the till and contact customers who may have purchased them.
It is part of a wider industry shift led by GS1, the global body responsible for barcode standards, which has set a target for retailers and manufacturers to be ready to accept QR codes.
Tesco development and change director Peter Draper said: “For customers, this is a tiny and almost invisible change at the checkout, but for the retail industry it’s a significant step forward.
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“Moving to QR codes will help us reduce food waste, improve stock control and unlock new digital benefits for our customers.
(Image: PA Wire)
“Customers will continue to shop and pay in exactly the same way, but they’ll have the option to access far richer information about the products they buy simply by using their smartphones.
“Over time, this opens up exciting possibilities, such as personalised digital tools to help customers manage the food they buy and reduce waste at home.”
Anne Godfrey, chief executive of GS1 UK, added: “Tesco moving to QR codes powered by GS1 across an entire range marks a significant step forward for UK retail.
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“It shows how the next generation of barcodes can support a more connected, transparent future. We hope this progress encourages others to follow Tesco’s lead so that consumers and businesses alike can benefit from richer, more trusted product information.”
The world’s finest players arrive at the Crucible (Picture: Getty Images)
The 2026 World Snooker Championship gets underway this weekend as 32 of the planet’s finest cueists battle it out for the famous old trophy.
Zhao Xintong became China’s first world champion a year ago and he returns as the favourite to conquer the Crucible again.
No one has ever defended their first world title at the Sheffield theatre, with the Crucible curse lingering on, but many fancy Zhao to be the man to break it.
He is taking on a strong field as he tries to do that, with eight other former champions returning to South Yorkshire this year.
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There are also four debutants, who will be excitedly skipping through the doors of the Crucible this month, with two young English stars among them in Liam Pullen and Stan Moody.
Here are all 32 players who will play at the Crucible ranked by their current form. How long form lasts is up for debate, but this has been judged on the last four events: the Players Championship, Welsh Open, World Open and Tour Championship.
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The 16 qualifiers have the advantage of already playing in the World Championship, so their wins in qualifying are also taken into account.
Ding Junhui has had a poor season by his standards (Picture: Getty Images)
32. Ding Junhui
The Chinese legend comes in as the 16th seed but he only just clung on to his guaranteed spot at the Crucible after a very quiet time.
He didn’t qualify for the 16-man Players Championship or 12-man Tour Championship, didn’t enter the Welsh and lost his first round at the World Open. Last time he won a match was December 4 against Scott Donaldson at the UK Championship.
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31. Si Jiahui
Another top 16 player who was vying for bottom place on this list is Si Jiahui, who also hasn’t won a match over the last four tournaments, losing his openers at the Welsh and the World Open.
The 23-year-old has won matches a bit more recently than Ding, though, at the Championship League, World Grand Prix and German Masters this year.
30. Ali Carter
The Captain has been forced out of some events this season, due to ill health and off-table issues, so his form has been tricky to judge.
He had disappointing Welsh and World Open campaigns, but showed something in qualifying to beat Julien Leclercq and Anthony McGill.
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29. He Guoqiang
There will be plenty of attention on debutant He Guoqiang when he takes on Ronnie O’Sullivan in his opener on Tuesday and he was impressive in qualifying to book his first Crucible trip.
Wins over Jack Lisowski and Long Zehuang got him through the qualifiers, but his only other victory of late was a 5-4 win over Iran’s Amir Sarkosh in the World Open.
28. Lei Peifan
Another player with little form behind them coming into the qualifiers, Lei Peifan made light work of Jordan Brown and Ryan Day to get to the Crucible.
However, he had just a win over Polish teenager Michal Szubarczyk in the four events leading up to Sheffield.
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Lei Peifan hopes to cause another Crucible upset (Picture: Getty Images)
27. Matthew Stevens
The 48-year-old is back at the Crucible for the first time in four years after beating Peter Lines and Stuart Bingham in qualifying, the latter an impressive win against the odds.
He had not done a lot before Sheffield, losing early in the Welsh and World Opens and being a long way from reaching the limited field events.
26. Fan Zhengyi
It has been a poor season for Fan Zhengyi, but could end well after three good wins in the qualifiers over Lan Yuhao, Jimmy Robertson and Ben Mertens.
He looked really strong at the English Institute of Sport after a lean spell which saw just one win in the Welsh over the last two months.
25. Dave Gilbert
The Angry Farmer won just one match at the Welsh and World Opens, but didn’t lose in Yushan, he withdrew before his meeting with Matt Selt.
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The two-time Crucible semi-finalist beat Irish pair Leone Crowley and Aaron Hill in qualifying.
24. Pang Junxu
We haven’t seen a lot of Pang of late, winning once at the Welsh ahead of the World Championship qualifiers.
He did well to reach the Crucible with narrow wins over Welsh duo Dylan Emery and Jackson Page.
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23. Liam Highfield
The 35-year-old won four matches in qualifying and did so impressively, beating Oliver Brown 10-4, Wang Yuchen 10-4, Stephen Maguire 10-5 and Oliver Lines 10-2.
He also won a couple of games in the Welsh before losing to John Higgins, which is clearly no disgrace.
Antoni Kowalski makes his Crucible debut this year (Picture: Getty Images)
22. Antoni Kowalski
The Polish Crucible debutant won matches at the Welsh and the World Open, then needed to win three in qualifying for Sheffield to keep hold of his professional status.
He did just that, thrashing Connor Benzey, before impressive wins over Joe O’Connor and Jamie Jones.
21. Jak Jones
The 2024 Crucible finalist made short work of a tough qualifying section, beating Marco Fu and Luca Brecel.
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He won a couple of matches in Wales before narrowly losing to Neil Robertson and pulled out of the World Open due to illness after winning his qualifier.
20. Kyren Wilson
Winning the Masters and Shanghai Masters means Kyren Wilson has had a very profitable season, but he has been disappointing in ranking events, meaning he didn’t make the Players or Tour.
One win in the Welsh and three in the World Open were a couple more underwhelming returns.
19. Stan Moody
The 19-year-old won two matches at both the Welsh and World Open, including a brilliant win over John Higgins in Yushan.
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Two victories at the English Institute of Sport took him to the Crucible, matches won despite suffering with tonsilitis and making a trip to hospital between the wins.
Liam Pullen was superb in winning four qualifying matches (Picture: Getty Images)
18. Liam Pullen
Arguably the star of the qualifiers, Liam Pullen won four matches to book a Crucible debut, beating Alfie Burden, Amir Sarkosh and then two Thai stars in Thepchaiya Un-Nooh and Noppon Saengkham.
There were also three good wins at the Welsh over Ken Doherty, Rob Milkins and Chris Wakelin.
17. Xiao Guodong
The first on this list to qualify for the Players Championship, but Xiao lost his opener in Telford.
He won once at the Welsh and twice at the World Open, but it has been a pretty lean spell after a World Grand Prix semi-final in February.
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Mark Selby is bidding to become a five-time world champion (Picture: Getty Images)
16. Mark Selby
A brilliant mid-season purple patch has turned a little less purple of late due to early losses in the Players Championship, Welsh Open and Tour Championship, while Selby pulled out of Yushan.
That leaves him with two match wins in his last four tournaments, which is a dip after winning the UK Championship and Champion of Champions earlier in the campaign.
15. Mark Williams
An opening win at the Players Championship over Barry Hawkins was a good one, but there hasn’t been loads else to shout about of late for Williams.
It has been a good season, hence qualifying for the Tour Championship, but he lost his opener there to John Higgins. A couple of wins each at the Welsh and World Open.
14. Chris Wakelin
Deep runs have not been coming of late for Wakelin, but he won his opening matches at both the Players Championship and Tour Championship, which takes some doing. Just being in those events is impressive enough.
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He withdrew from Yushan and lost early in Wales, but beating Xiao Guodong in Telford and Wu Yize in Manchester were good wins.
13. Gary Wilson
A run to the quarter-finals of the World Open was an encouraging sign for Gary Wilson ahead of Sheffield, beating world champ Zhao Xintong in the last 16.
Two wins in qualifying got him to the Crucible and gives him the chance to end an up-and-down season well.
Hossein Vafaei has had some memorable Crucible moments already (Picture: Getty Images)
12. Hossein Vafaei
Another World Open quarter-finalist, Vafaei beat both Mark Williams and Zhang Anda in Yushan.
His only defeats in the last two months have come to Neil Robertson and Judd Trump. The Iranian looked excellent in qualifying, heavily beating Michal Szubarczyk and Gao Yang.
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11. Zhou Yuelong
It has been a good season for Zhou, including a quarter-final run at the Welsh Open and last 16 at the World Open, although he lost 6-0 to Judd Trump in his Players Championship opener.
The Jumping Dragon breezed through qualifying, beating Robbie McGuigan 10-3 and Michael Holt 10-4.
10. Zhang Anda
Last 16 runs at the Welsh and World Open were both solid results, while Zhang also reached the Players Championship but lost early to Shaun Murphy.
He looked superb in qualifying, especially with five centuries in his 10-3 win over Zak Surety.
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Shaun Murphy won the British Open earlier this season (Picture: Getty Images)
9. Shaun Murphy
Murphy’s last outing was a 10-9 defeat to Judd Trump at the Tour Championship, having also been in the quarter-finals of the Players.
The Welsh Open campaign ended thanks to an absurdly good performance from Chang Bingyu, while he was beaten by an on-song Ronnie O’Sullivan in Yushan.
8. Neil Robertson
A Welsh Open quarter-final and Tour Championship semi-final look encouraging for Robertson.
He lost early in Telford to John Higgins and didn’t play in Yushan.
7. Mark Allen
It has been a strange season for the Pistol but he will have been buoyed by runs to the Players Championship semis and World Open quarters of late.
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Victories over Mark Selby, Wu Yize, Zhou Yuelong and Jack Lisowski were in those runs, but an early defeat to David Grace at the Welsh was an example of his inconsistency.
6. Wu Yize
Semi-finals of the Welsh and World Open for Wu Yize were both very good efforts, only losing a decider to Ronnie O’Sullivan in Yushan and 6-4 to Barry Hawkins in Llandudno.
He was poor in both his Players and Tour Championship opening losses, especially in a concerning collapse against Wakelin in Manchester.
Ronnie O’Sullivan has hit form late in the season (Picture: Getty Images)
5. Ronnie O’Sullivan
The Rocket has crept high up this list considering he only played in one of the counting events, but he looked immense on his run to the final of the World Open, making a record break of 153 along the way, only a losing to an inspired Thepchaiya Un-Nooh.
Away from the main tour he also won the Snooker 900 John Virgo Trophy this month, which counts for little but will have done his confidence no harm.
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Barry Hawkins downed a string of top players to win the Welsh Open (Picture: Getty Images)
4. Barry Hawkins
One of only two players on this list to have won one of the four most recent tournaments, seen as World Open champ Thepchaiya Un-Nooh did not qualify.
The Hawk brilliantly won the Welsh Open, with victories over the likes of Mark Williams, Neil Robertson and Wu Yize before Jack Lisowski in the final. He also beat Thepchaiya in his Manchester opener.
3. John Higgins
Just shy of his 51st birthday, Higgins has been remarkably consistent, with runs to the Players Championship final, along with Welsh and Tour Championship semis.
A 5-4 loss to Moody in Yushan was his only early exit of late.
2. Judd Trump
The world number one might be struggling to land silverware at the minute but he is consistently going deep.
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Players Championship semi, World Open semi and Tour Championship final, while he did not enter the Welsh. It’s really good.
Zhao Xintong has been incredibly successful of late (Picture: Getty Images)
1. Zhao Xintong
The number one was always going to be this man, with Zhao winning both the Players Championship and Tour Championship of late, both in fine style, while he also landed the World Grand Prix in February.
The world champion beat the likes of Shaun Murphy, Mark Allen, John Higgins (twice), Chris Wakelin and Judd Trump on his way to his two most recent successes.
He made the last 16 of the Welsh and World Open as well, in what has been a stunning spell for the Cyclone.
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