011 Modello 3

The escalating Mideast conflict — in charts

Since the US and Israel struck Iran, thousands of missiles and drones have been launched across the region

Also in today’s newsletter: Modi and Carney discuss trade deal, and Toyota bows to Elliott in $38bn buyout battle

British premier, after carefully nurturing relations with the US president, makes clear they are at odds over the Iran war

Administration to terminate appeals in four cases involving law firms that sued to block measures from taking effect

FT explains what might come next after the killing of Iran’s supreme leader

Shia militant group strikes northern Israel for first time since 2024, triggering retaliatory offensive

Saudi Arabia also closes an oil refinery after attack

Modella rebranded high street shops as TG Jones after buying them last year

EM stocks and currencies come under pressure as US dollar jumps

Macron’s decision to extend the deterrent is a boost for the continent’s defence

Investors in the power and utility group might have expected more but it’s not clear they had a right to

President Emmanuel Macron lays out doctrine of ‘forward deterrence’

Gold and the US dollar jump but government bonds fall amid fears of an inflation shock

Small farms and low productivity mean their livelihoods did not improve even as markets hit a record high

Carriers have enjoyed strong demand and cheap fuel but escalating tensions threaten both

Premier hits back at president’s comments that Britain ‘took too long’ to allow its bases to be used for Iran strikes

Israel spent years hacking Tehran’s traffic cameras and monitoring bodyguards ahead of the assassination of Iran’s supreme leader

The disruption to LNG flows has sparked concerns about supply to the key regional customers of Europe and Asia

The world has already reckoned with its dependence on oil but retains other energy vulnerabilities

Reflection AI’s new funding talks come as Trump administration seeks US rivals to China’s DeepSeek

Charter operators vie to secure slots in Muscat as airports in UAE and Qatar remain constrained

Oil settles more than 6% higher, while S&P 500 ends with slight gain as energy and defence groups advance

Insolvency of UK property lender is the latest failure to raise questions about credit quality and diligence

Another 38 bars to close immediately with almost 500 jobs lost following Tilray Brands deal