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The Latest Breaking News from FT

Is Trump's Hormuz blockade a 'success'? 34 Iran-linked tankers bypass restrictions with $900 million oil

US claimed that it holds "total control" over the Strait of Hormuz, calling it a success. However, reports reveal Iran-linked tankers are bypassing these restrictions. At least 34 tankers have continued operations, with some carrying significant oil volumes. This situation creates a complex environment for global oil trade. Tensions remain…

The Times of India

Ukraine-Russia war latest: Smoke spreads over 300km from Russian port on fire after deadly strike

Ukraine has struck Russia's Black Sea port of Tuapse multiple times within the past week, sparking a huge fire

The Independent UK

Hotels across America slash summer rates as World Cup demand falls short, report says

Experts have pointed to high ticket prices and simmering anti-American sentiment to explain the price drop

The Independent UK

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New EU entry-exit system causing up to three-hour delays, say airports

Airport body has asked for power to suspend EES checks requiring personal information and biometrics

The Guardian - UK

Mark Zuckerberg reportedly working on AI clone of himself — Meta insiders claim 3D photoreal animated Zuck will be able to engage with employees on his behalf

The very top job at Meta may periodically be delegated to an AI replica of Mark Zuckerberg. Will anyone notice?

Tom’s Hardware

Crispin Odey drops £79m libel claim against FT over sexual misconduct allegations

Ex-hedge fund manager ‘forced to accept’ newspaper likely to succeed in its public interest defence, say his lawyers

The Guardian - UK

US declares ‘V for Victory’ in Iran but chaos in the Strait of Hormuz and Lebanon continues

A major escalation in Lebanon by Israel threatens to derail the Iran ceasefire less than a day after it was announced

The Independent UK

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Cost of Trump’s Iran war is now estimated to be $500 million a day

U.S. may already have spent as much as $31 billion on five-week conflict, think-tank estimates

The Independent UK

Secret passwords and crypto payments: Inside Iran’s mysterious new ‘tollbooth system’ in the Strait of Hormuz

Oil prices surged again on Thursday after Donald Trump dashed hopes of a swift resolution to the Middle East war

The Independent UK

Thames Water ‘close to deal that would spare it new Ofwat fines until 2030’

Offer reportedly put forward by creditors hoping to save struggling firm from being renationalised temporarily

The Guardian - UK

Wednesday briefing: How did Russia become the unexpected beneficiary of the Iran war?

In today’s newsletter: As conflict engulfs Iran, shifting global alliances and soaring energy prices are reshaping the existing power balances that could redefine the next stage of international security

The Guardian - UK

The New York Times drops freelance journalist who used AI to write book review

Writer and author Alex Preston said he “made a serious mistake” after a reader spotted similarities between his review and one that appeared in the Guardian

The Guardian - UK

Hegseth’s broker accused of seeking to invest millions in defense contractors before Iran war

Defense Secretary Pete Hegseth accused of attempting to profit from Operation Epic Fury as Pentagon insists claim ‘false and fabricated’

The Independent UK

TotalEnergies made $1bn profit from Middle East oil bet as war disrupts prices

The French energy giant is reported to have dominated the Middle East crude market in March, snapping up dozens of oil cargoes as wartime disruptions created a historic opening for traders.

Euronews

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The Guardian - US

Brent crude hits $116 a barrel as Trump threatens to ‘blow up’ Iran’s oilwells and export hub

Investors nervous over escalation of Middle East conflict as US president says he wants to ‘take the oil in Iran’

The Guardian - UK

Brent crude rises after Trump says he wants to ‘take the oil’ in Iran and Yemeni Houthis launch second attack on Israel – as it happened

Brent crude on track for record monthly increase; aluminium prices hit four-year highs after Iranian attacks on Middle East smelters

The Guardian - AU

Oil set for record monthly gain – as it happened

This blog is closed – our live coverage continues on a new blog here

The Guardian - US

US treasury department demands retraction of story on increased oversight of Federal Reserve

Treasury department said Financial Times article about Scott Bessent’s views on Fed oversight was ‘manufactured’

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The Times of India

'Saudi pact becoming a problem for us': Why Pak wants to host US-Iran peace talks

Pakistan’s push to host US–Iran peace talks is being shaped as much by urgency as by opportunity. Islamabad is growing increasingly wary that its defence pact with Saudi Arabia could pull it deeper into a widening regional conflict.

International Business Times UK

Senator Murphy Alleges 'Corrupt' Insider Trading After £1.17 Billion Futures Bet Placed Minutes Before Trump's Iran Post

An anonymous trader's massive futures trades just before Trump's Iran strike pause announcement have sparked insider trading allegations from a US senator and a Nobel Prize-winning economist.

The Times of India

'Asim Munir spoke to Trump': Is Pakistan emerging as backchannel in Iran war?

Pakistan is positioning itself as a key mediator in the US-Israel-Iran conflict, with its army chief and prime minister engaging in separate calls with US and Iranian leaders. Islamabad has offered its capital as a venue for potential discussions, aiming to facilitate peace amid ongoing regional tensions and stalled diplomatic…

The Times of India

Are US-Iran talks happening in Pakistan? What White House said

The White House has not confirmed reports of potential meeting between US and Iranian officials in Islamabad, calling the situation sensitive and fluid. Mediating countries, including Pakistan, are reportedly attempting to convene US-Iran talks, though Tehran denies direct negotiations. This diplomatic push follows a pause in US strikes on Iran's…

Tom’s Hardware

Microsoft considering suing OpenAI over Altman's recent deal with Amazon, report claims — exclusivity dispute revolves around Frontier multi-agent service

Microsoft ruminating on suing OpenAI over Altman's recent deal with Amazon

Evening Standard

FTSE 100 falls as Strait of Hormuz uncertainty continues

The FTSE 100 Index closed down 44 points at 10,261.15.

Fortune

'Proceed with caution': Elon Musk offers warning after Amazon reportedly had mandatory meeting to address 'high blast radius' and AI-related incidents

“Folks, as you likely know, the availability of the site and related infrastructure has not been good recently,” Dave Treadwell, an Amazon senior vice president reportedly wrote in an email.

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