011 Modello 3

US and Iran exchange fire as Hormuz crisis reignites

Oil holds onto gains as Tehran targets UAE and American forces hit Iranian fast boats

Also in this newsletter, car sales at record highs

US regulator claimed billionaire waiting too long to disclose his stake in the social media platform

Facing hostility from its two largest trading partners, Canberra embarked on a drive to diversify

‘Please stay in your seats when the ‘ran out of fuel’ sign comes on’

From Abzal Iskakov, Astana, Kazakhstan

From Jenny David, Cheltenham, Gloucestershire, UK

From Ian Peter MacDonald, Spean Bridge, Inverness-shire, UK

From Christopher Burden, Reading, Berkshire, UK

From Fergus Randolph KC, London WC2, UK

Employees will be paid directly for generating business instead of sharing revenue between the group’s units

Also in today’s newsletter: US and Iran exchange fire in the Gulf, and the EU blocks funds for key Chinese solar energy parts

Lawsuit brought by Elon Musk accuses start-up’s executives of selling out charitable mission for personal gain

German company’s shares under pressure over profitability concerns and questions about the future of warfare

New Jersey to charge $150 for round trip to MetLife stadium, up from usual fare of $12.90

We are highly confident that this could end up a car crash

Jay Powell has overseen his last Fed meeting as chair even if he plans to stay on as governor

Oil jumps to $115 and Treasuries sell off as Tehran targets UAE and US hits Iranian fast boats

Video game retailer offers $125 a share for resale web group with plans to bring in ‘entrepreneurial mindset’

The longer the Strait of Hormuz blockade continues, the more likely a crisis-like adjustment in rich economies becomes

Oil jumps to $114 as tensions flare up in Middle East

Hindu nationalist party topples West Bengal’s leftwing chief minister after 15 years in power

World Liberty Financial accusation against Justin Sun comes after he sues firm over alleged fraud