The world in a glance.

Brent crude on course for largest monthly price rise on record

Cost of oil likely to keep climbing until Strait of Hormuz reopens to shipping

Trump is not just sinking in the Gulf

As his poll numbers tank, the president’s trade and immigration agendas are encountering judicial resistance too

Billionaire Rokos donates record £190mn to Cambridge university

Gift from hedge fund boss will fund new school of government

Delta Air Lines taps Amazon Leo for in-flight Wi-Fi as streaming wars heat up

Delta says the Amazon Leo in-flight Wi-Fi will be available starting in 2028 on 500 initial aircraft.

My wife and I buy promotional CDs with our tax-refund check. Is now a bad time to switch to Treasurys?

“We have no experience with Treasurys .”

Gas prices reach $4 per gallon for the first time in nearly four years

The average cost of gasoline climbed to $4.018 per gallon as the war in Iran drives up energy prices

Gold’s bull run could be nearing its finish line, says UBS strategist

Bullion prices may fall if the Federal Reserve decides to hold interest rates for the rest of the year, which the market has priced in.

Unilever nears deal to merge food unit with McCormick to create $60bn group

Move will transform Hellmann’s mayonnaise maker from multi-category conglomerate into beauty and personal care company

BlackRock looks at HSBC’s Canary Wharf tower for new London HQ

Asset manager is seeking at least 600,000 sq ft as demand for high-end offices rises

Cracks appear in US-UK security co-operation after Trump-Starmer tensions

Differences over war in Iran are hitting working relationships between diplomats, officials and military personnel

Foreign central banks sell US Treasuries in wake of Iran war

International official holdings at New York Federal Reserve fall to lowest level since 2012

Why do politicians want AI to go faster?

Bullish rhetoric about ‘unleashing’ the technology is badly out of touch with the sensibilities of many voters

BlackRock to boost investment in NHS property

Asset manager teams up with Greater Manchester Pension Fund for £1bn joint venture as government seeks more private finance

‘Pump anxiety’ from soaring fuel prices prompts surge in interest in EVs

Increased costs since outbreak of Middle East conflict prompt more test drives and advert views

The City law firm that found wealth in private capital

Macfarlanes has transcended its roots to become one of London’s most profitable legal partnerships

Iran’s hackers go to war

Tehran’s cyber operatives have sought to sow fear and hoover up intelligence in series of attacks in Israel and the US

Stock futures jump, oil prices retreat on report Trump willing to end war

The president is willing to end hostilities even if the Strait of Hormuz remains largely closed, WSJ reports

Pete Hegseth’s broker looked to buy defence fund before Iran attack

Morgan Stanley wealth manager approached BlackRock about multimillion-dollar investment for US defence secretary

Most people have already gotten their tax refunds. That’s bad news for restaurants and retailers.

A $1 increase in gas prices can lead to around six fewer drive-thru customers a day, a recent analysis found.

Kuwaiti oil tanker struck off Dubai

Oil pares gains and European futures rise as Donald Trump said to be open to ending war even if Hormuz remained closed

Trump hails ‘progress’ on Iran deal but threatens huge infrastructure attack

President warns of hits on oil wells, Kharg Island and desalination plants unless agreement reached ‘shortly’

Want to watch all of the Yankees’ games on TV this season? It’ll cost you over $1,200.

To show how expensive and complicated it can be to watch all of an MLB team’s games, we looked at the Yankees, who will appear on 10 different networks or streaming platforms this…

Strategy skips a week of bitcoin purchases for the first time this year

Strategy’s pause is not likely to last, given Executive Chairman Michael Saylor has said the company will be buying every quarter ‘forever.’

Unilever nears deal to combine food division with spice maker McCormick

Move will transform Hellmann’s mayonnaise maker from multi-category conglomerate into beauty and personal care company

UK growers warn of cucumber and tomato shortages as gas prices surge

Producers warn of empty shelves if supermarkets do not raise prices to help offset costs linked to Iran war

Pete Hegseth’s broker looked to buy defence fund before Iran attack

Morgan Stanley wealth manager approached BlackRock about multimillion-dollar investment for US defence secretary

Trump could ask Gulf states to contribute to war costs, says White House

Washington’s regional allies are bearing brunt of retaliatory attacks by Iran

Sysco goes all in on the ‘cash and carry’ food-service business with a $29 billion buyout

Sysco’s stock tumbles after announcing a $29.1 billion cash-and-stock deal to buy Jetro Restaurant Depot.

China suppliers warn of higher prices for Americans due to Strait of Hormuz closure

The Iran war has stalled shipments of oil and its products through the Strait of Hormuz, raising concerns among Chinese manufacturers about supply chain disruptions.

This is a reason the Middle East’s major oil-producing countries have been selling their U.S. Treasurys

A need for liquidity may be playing a role in the decision of some countries to reduce their holdings of U.S. government debt.

A more than 50% rise in oil prices over the past month may be more than just a ‘short-lived shock’

Crude prices jumped Monday as uncertainty over an endgame for the war increases

Microsoft’s stock may extend a record stretch of lagging performance that’s ignited fierce debate

Analysts are divided over whether Microsoft’s diversified business model is a long-term AI advantage or a convenient present-day excuse.

JetBlue Airways raises checked bag fees at least $4 as fuel prices soar

Airfare has climbed for routes around the world, driven by higher fuel prices since the U.S. and Israel attacked Iran.

Most people have already gotten their tax refunds. That’s bad news for restaurants and retailers.

A $1 increase in gas prices can lead to around six fewer drive-thru customers a day, a recent analysis found.

NFL asks prediction market operators to refrain from 'objectionable bets'

Unlike leagues such as the NHL, MLB and MLS that have embraced platforms like Kalshi and Polymarket, the NFL is taking a more cautious stance.

Air Canada CEO to step down over failure to speak French

Michael Rousseau recorded condolence video after fatal plane crash in English despite country being officially bi-lingual

Nasdaq paves the way for SpaceX and OpenAI to quickly join a premier index after IPOs

A new “fast entry” rule would make it far easier for new megacap stocks to join the Nasdaq-100 soon after going public.

Qatar-backed US LNG plant starts production as Iran war hits global supply

Golden Pass plant owned by QatarEnergy and ExxonMobil may help replace shortages hit by Hormuz crisis

‘It’s time to buy Meta.’ Why Morgan Stanley sees 45% upside for the stock.

There’s a “tactical buying opportunity” as concerns about AI and regulatory matters lead Meta’s stock to trade at an unusually large discount to its historical average.

After Iran, gold is looking less glittery

Is the yellow metal the new crypto?

Oil prices set for record monthly surge as Trump threatens to ‘blow up’ Iran’s power plants, oil wells and Kharg Island if no deal reached

Crude prices jumped Monday as uncertainty over an endgame for the war increases

These stocks are surging as the next hot play on the Iran war

Alcoa’s stock rallied Monday after Iranian missile strikes on two large Middle East aluminum sites sent prices of the industrial metal higher.

UK government on verge of full nationalisation of British Steel

Talks with Chinese owner Jingye continue while losses mount

Iranian strike on Kuwaiti power and water plant stokes infrastructure fears

Attack at electricity and desalination facility marks latest escalation in Gulf war launched by US and Israel

My PayPal account received money from the Philippines with two phone numbers listed. I called them. Big mistake.

“I know my information is on the dark web, and I have taken steps to be cautious.”

Don’t speak to UK diplomats, Russians told

Britain denounces ‘campaign of harassment’ after Moscow expels diplomat who met bankers and economists

The market’s wobble amid Iran war has left world-beating U.S. stocks ‘extremely cheap,’ says Bill Ackman

Ignore the bears, says the hedge-fund billionaire

Iran could emerge from the war stronger and more dangerous

The Islamic republic aims to set up a toll booth on the Strait of Hormuz. It may succeed

AI satellite start-ups gain traction with investors ahead of SpaceX IPO

Elon Musk and Jeff Bezos’s commitment to putting data centres in space boosts fortunes of smaller players

German arms manufacturer in damage control mode after PR disaster and stock slump

Rheinmetall’s CEO has been criticized after making derisive remarks about Ukraine’s low-cost and highly efficient drone technology.