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A haulier is calling for government support as rising fuel prices caused by conflict in the Middle East drive up operating costs.
Matt Prewett, network operations manager at Hawks Haulage in Leicester, said the cost of filling up a lorry with diesel had shot up by about £300 since March
And while customers are "understanding" of the situation, he said Hawks has had no choice but to pass on some of the rising cost of doing business, and firms need the government to "step in
The government told the BBC it has extended the five‑pence fuel duty cut twice, until September, and will continue to monitor the situation.
The cost of fuel has seen sharp increases globally since the US and Israel launched wide-ranging strikes on Iran on 28 February
The RAC said the average price of petrol was up 25.5p a litre since the start of the war, while diesel had risen by 49p, with both at their most expensive level in more than three years.
It said petrol pump prices had risen for 43 consecutive days - although wholesale prices had begun to fall, predicting prices could begin to lower for customers
Prewett said fuel costs were having a "massive effect" on day-to-day operations transporting goods across the country
He said: "Before the increase, we were looking at between £400 and £500 pounds to fill a truck. Now we're close to £700 to fill a truck
"A certain percentage of that we've had no choice but to pass on to the customers. We've taken a big hit ourselves, but we have had to pass some of these increases on.
"We do have some really loyal and understanding customers, and with the diesel increase being in the press, everybody's aware of it. Everybody notices it when they go and fill their own personal cars up, so they do understand that we have had to pass some of this increase on to them
Some tax relief on fuel prices would be a massive help. We need the government to step in and help out
A government spokesperson said: "Motorists are paying more because of the war in Iran. This is not our war, and that is why we did not join it.
"We are determined to keep costs down for motorists. That's why we have extended the 5p fuel duty cut twice until September and will continue to monitor the situation
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The masts of an explosives-filled World War Two ship should be preserved after they are salvaged, according to a new petition.
The SS Richard Montgomery's masts have been visible from Kent and Essex since the US military vessel was wrecked in the Thames Estuary in 1944.
A petition is calling for the masts to be displayed locally after the UK government confirmed they would be removed for safety reasons related to explosives that remain within the wreck.
The US government, which owns the wreck, was contacted for comment, while the Department for Transport (DfT) said it was "too early" to say what will happen to the masts.
The Liberty class cargo ship, built in 1943, ran aground and broke apart in 1944. It now lies about 1.5 miles (2.4km) off the coast of Sheerness on the Isle of Sheppey.
Efforts to salvage the vessel and the 1,400 tonnes of explosives it had been transporting were abandoned when it completely flooded just over a month after becoming stuck.
Government efforts to remove them in case the wreckage fell onto and detonated the cargo were first revealed in 2020 but have been beset by delays.
The masts became a popular draw for tourists.
Sittingbourne and Sheppey MP Kevin McKenna, who started the petition, said the masts were "an important part of our maritime history".
The risk of a major explosion is believed to be remote.
Preserving one in Sheppey and one in Southend would create accessible heritage displays while supporting tourism and community engagement in both areas," he said.
The MP added he "fully supports safe removal and transfer work" and keeping the masts in the local area "ensures this historic landmark is not lost".
We are exploring options with the US Government, which owns the shipwreck, and local authorities."
They added that the DfT's priority "will always be the safety of the public".
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The team that helps operate the platform, CoW Swap, said that it was working to resolve the issue for the DEX aggregator.
DNS hijacking allows attackers to redirect users from a legitimate domain to a malicious lookalike site, often with the goal of draining crypto wallets or harvesting private data. The attack vector has become a persistent weak point in decentralized finance, where users typically rely on web-based interfaces to access otherwise secure smart contracts.
CoW Swap operates as a decentralized exchange aggregator, sourcing liquidity across venues and using a mechanism known as “Coincidence of Wants” to match trades directly between users or batch them for more efficient execution. Orders are handled by competing “solvers” that optimize trade outcomes, a design intended to reduce slippage and limit exposure to maximal extractable value (MEV).
MEV is a practice on the blockchain where bots reorder transactions to extract profit at users’ expense, making mitigation key to ensuring fair pricing and protecting traders.
The platform is governed by CoW DAO, a decentralized autonomous organization spun out of the Gnosis ecosystem. The project has positioned itself as a user-protective alternative in DeFi trading, emphasizing execution quality and fairer trading outcomes
We are now actively working to resolve the situation. Please continue to refrain from using swap dot cow dot fi until we confirm that it is safe to use,” the team wrote on X.
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Bitcoin is consolidating just below $70,000 with one scheduled event this week capable of breaking the pattern in either direction: the March CPI print dropping April 10 at 8:30 AM ET. The binary is clean, if U.S. inflation data comes in soft enough to shift Federal Reserve language toward cuts, BTC $75K becomes an immediate technical target; if core CPI stays sticky above 0.3% month-over-month, the “higher for longer” scenario reasserts itself, and the path of least resistance points back toward $60,000–$62,000.
The Cleveland Fed’s nowcast – built on late-March data – projects a 0.84% monthly headline surge driven by gasoline prices up 26.2% year-over-year and diesel up 50.4%. That reading, if confirmed, would mark a sharp acceleration from February’s 0.27% headline and would effectively freeze any Federal Reserve pivot conversation through at least mid-summer. Macro crypto trading desks are already pricing two radically different worlds into options flow. Thursday’s print decides which one we’re in.
Bitcoin is currently rangebound between $65,000 and $71,000, a compression zone that has held for several weeks and is coiling into what chart structure suggests is a decision point. The $73,700 level above is the immediate overhead resistance; above that is the $75,000 psychological ceiling, which has acted as a load-bearing level since BTC’s last failed breakout attempt.
A weekly close above $75,000 on CPI-driven volume would be the first structural confirmation that the bull case is intact.
RSI on the daily is sitting near 53 – neutral, not oversold, which means there’s no technical floor being built from momentum exhaustion alone. The 200-day EMA is converging with the $67,500 support zone, making that level load-bearing in the near term. A daily close below $67,500 opens the door to $62,000, where significant order book depth and prior accumulation structure sit. MVRV ratio remains below 1.5, suggesting the market hasn’t reached the euphoria zone – but that also means on-chain buying pressure isn’t yet dominant enough to generate self-sustaining momentum.
The bull case requires a CPI-triggered risk-on move through $71,000, then a reclaim of $73,700 on sustained volume, with $75,000 as the confirming close. The bear case activates on a hot print: a rejection at $71,000 that cascades back through the 200-day EMA and targets the $60,000–$62,000 whale accumulation zone. For traders already holding, the downside scenario below $66,000 deserves serious risk modeling before Thursday. The single most important level: $71,000. Hold it post-print and the bull case lives. Lose it and $62,000 becomes the next anchor.
The Bitcoin CPI relationship isn’t incidental – it’s mechanical. CPI drives Fed rate expectations, rate expectations drive the dollar and treasury yields, and dollar strength directly compresses institutional appetite for risk assets, including BTC. February’s CPI landed at 2.4% year-over-year with core holding at 2.5% annually for the second consecutive month, driven by shelter costs rising 0.2%. That stickiness kept “higher for longer” as the dominant Fed posture heading into April’s data cycle.
The threshold that matters for a Federal Reserve pivot signal is a core monthly reading at or below 0.2% – anything above 0.3% entrenches current policy and delays the first cut. CME FedWatch currently prices fewer than two cuts for 2025, a dramatic repricing from the four-cut consensus that opened the year. Energy is the wild card: the Cleveland Fed’s nowcast is being driven almost entirely by gasoline and diesel spikes, and the Fed has historically looked through volatile energy components when assessing underlying inflation trends. If headline runs hot but core stays controlled, traders may interpret that as a conditional green light.
March payrolls added 178,000 jobs, with unemployment holding at 4.3% – a labor market that doesn’t scream imminent recession and therefore gives the Fed cover to hold. The April 10 U.S. inflation data release won’t just move Bitcoin on the day; it will recalibrate the entire rate-cut timeline that institutional crypto positioning is built on
Spot Bitcoin ETF inflows from BlackRock’s IBIT and Fidelity’s FBTC have shown direct sensitivity to CPI beats and misses – a hot print tightens that inflow tap immediately.
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The crypto exchange said its operations in the United Arab Emirates remain unchanged and that many employees have chosen to remain
The spokesperson also said its operations in the UAE remain unchanged and that many employees have chosen to stay.
Our operations in the UAE continue as normal — a large number of our team has chosen to remain in the UAE. We remain deeply committed to the UAE as a key hub for Binance and to the broader region,” the spokesperson said. “As a global company, we continue to operate seamlessly and serve our users without interruption.”
The offer of relocation comes after a ceasefire agreement, following roughly six weeks of escalating regional conflict that has disrupted business activity in the UAE. The country has intercepted hundreds of missiles and drones since hostilities began in late February, according to the UAE Ministry of Defense, with additional interceptions reported on April 8.
The Middle East conflict has already disrupted major crypto, business and sports events across the UAE. TOKEN2049 Dubai has been postponed to 2027, while TON Gateway was canceled due to security and travel concerns. Other large events, including Middle East Energy Dubai and the Dubai International Boat Show, have also been delayed, and the Bahrain and Saudi Arabian Formula 1 races, key for crypto sponsorship exposure, are set to be canceled.
In December, Abu Dhabi Global Market (ADGM) said Binance’s global platform would operate under its regulatory framework, marking a significant step in formalizing the exchange’s structure.
Binance, which reportedly has 1,000 staff members or 20% of its total global workforce in the UAE, has also indicated that its worldwide operations are supported from Abu Dhabi, though it has not clearly defined a single global headquarters.
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