Oil soars 60% in March as Iran war chokes global energy supplies
Tehran’s closure of Strait of Hormuz in response to US-Israeli strikes sparks biggest crude rally in decades
US audit regulator pledges to rewrite oversight rule after industry backlash
Jim Logothetis says parts of quality control standard implemented by Biden administration ‘may be unnecessary’
Trump rebukes France as tensions rise with Europe over Iran war
Italy refuses US warplanes permission to refuel, adding to transatlantic divisions over conflict
Unilever’s Marmite deal with McCormick looks unpalatable
Its investors may not have much appetite for exposure to a less tried-and-tested food group
Price controls make a troubling return to the mainstream
Governments should focus more on boosting supply and productivity
Raspberry Pi profit surges as AI boom lifts demand
Sales growth for UK computer company particularly strong in China and US
The Beginning Comes After the End by Rebecca Solnit — everything is connected
In a short history of the recent past, the writer-activist argues for a more optimistic perspective of the current political gloom
Unilever combines food division with McCormick to create $66bn group
Merger will transform the maker of Hellmann’s mayonnaise into beauty and personal care specialist
Treasury blasted for ‘inhumane’ decision over UK inheritance tax deadline
Pension experts criticise government’s refusal to extend deadline to pay IHT from six months to 12 months
Drop in hiring adds to Fed’s concerns over low job growth
Vacancies remained strong but US businesses hired far fewer new workers in February
Trump’s presidential library to feature soaring tower and golden statue
US leader’s foundation expects to raise nearly $1bn for building in Miami containing decommissioned Air Force One
Huawei comeback loses pace as cloud and phones falter
Chinese tech conglomerate reports slowest revenue growth in three years
Nvidia invests $2bn in chipmaker Marvell to boost AI networking
Semiconductor groups join forces on silicon photonics to speed up data centre systems
Five stars for the Royal Ballet’s Mayerling — impeccable staging of a grimly fascinating tale
Kenneth MacMillan’s grown-up, complex historical narrative is strongly cast and performed
The EU doesn’t have an Iran war strategy either
European leaders blame the US for lacking a long-term plan, but they must slay their own sacred cows to weather this crisis
UK deradicalisation scheme being used to speed mental health service access, review warns
Home Office has expressed concerns that Prevent programme is under pressure due to wider gaps in public services
What can poetry give us in times of crisis?
At their best, poets both offer us an immersive break from clamorous news feeds and fortify us for the future
Israel to ‘demolish’ all houses in Lebanese border villages
Defence minister Israel Katz plans ‘security control’ of area stretching dozens of kilometres into neighbour’s territory
Geely to use Volvo Cars’ plants over building overseas factories
Move is in contrast to rival BYD, as founder warns of “very serious” overcapacity in global car industry
Labour suspends rebel MP Karl Turner
Backbencher who spearheaded jury trials revolt had been warned about his conduct
Milan city council raided in San Siro sale investigation
100-year-old stadium was bought by private equity-backed AC Milan and Inter Milan for about €200mn last year
Chagos ruling paves way for islanders to stay on archipelago
Landmark case is latest twist in battle with UK government over remote Indian Ocean territory
Russian oil tanker docks in Cuba despite US blockade
Donald Trump allows shipment, but its crude cargo offers only a temporary lifeline for the crisis-hit country
Trump renews Iran threats as US oil prices continue to rise
Also in today’s newsletter, Pete Hegseth’s broker attempted to make big defence investment before Iran attack