Trump renews threat to ‘decimate’ Iran as Tuesday deadline looms

US president says power plants and bridges will be attacked if Tehran does not open Strait of Hormuz

The UK is turning the energy crisis into a political mess

Castigating companies for ‘profiteering’ is nonsensical and unhelpful rhetoric

How Europe made Viktor Orbán

Hungary’s illiberal champion has benefited from the misjudgments and complacency of other leaders

Ukraine’s drones dent Russia’s war-fuelled oil windfall

Moscow’s disrupted energy exports add pressure to markets already reeling from Iran conflict

Chess: Sindarov, 20, heads for glory as Uzbek star stuns Candidates with 6/7

Puzzle: can you spot the 2026 Candidates brilliancy?

When will Americans take the blame?

US war of choice in Iran risks turning Americans into global pariahs

Neurocrine bets nearly $3bn on deal for insatiable hunger treatment

Soleno Therapeutics makes first commercialised drug for extreme hunger caused by Prader-Willi syndrome

Saudi Arabia charges record premium for its oil

World’s biggest crude exporter to ask Asian customers for around $20 a barrel on top of benchmark prices

Sales of used EVs surge in US as petrol prices pass $4 a gallon

Americans are buying second-hand electric vehicles even as the market for new vehicles slumps

Jan Morris by Sara Wheeler — ‘a woman different to any other’

A carefully measured biography grapples with the life of the fascinating, complicated and often exasperating writer, adventurer and transgender pioneer

Britain needs a plan to invest in defence

Repeated delays are worrying partners and risk losing key technologies

Trump is hastening Britain’s return to the EU

Economics, security and domestic politics all point the Starmer government towards Brussels

Finding faith, the power of fasting, Matthew Macfadyen – and other HTSI stories you clicked last week

Catch up on our most-read articles

Jamie Dimon warns private credit losses will be larger than feared

JPMorgan chief raises alarm on weakening lending standards in annual shareholder letter

Should phones be allowed in restaurants?

A growing number of establishments are going on mute

FirstFT: US to unleash ‘hell’ if Iran doesn’t reopen Strait of Hormuz

Also in today’s newsletter: Private equity buyouts slump and Cuba’s solar tech lifeline

A food and drink guide to Ojai, California

In this valley oasis, Marina O’Loughlin finds the food superb, the bedtimes early and the locals determined to keep it that way

Fast fashion’s offcuts are fighting back

Squeezing money out of a legacy brand may be better than trying to build a new one

US employment: more sludge

Plus, guns and butter redux

Trump vows to destroy Iran’s power plants and bridges unless it reopens strait

As war enters sixth week, the price of Brent crude rises slightly above $110 a barrel

FTAV’s further reading

Total portfolio investing; job simulators; Copilots; investment excitement; trade; faith; and fonts

Have markets already tightened the screw enough?

March’s hawkish communications in Europe have had the effect of tightening monetary policy

The best of TV and streaming this week

BBC drama ‘Babies’ evokes the grief of miscarriage; ‘The ’Burbs’ is an eighties comedy-horror reboot; petty disputes turn nasty in HBO’s ‘Neighbors’; five stars for medical drama ‘The Pitt’; a debut for the British ‘Saturday Night Live’; Jane Austen spin-off ‘The Other Bennet Sister’. Reviews by Reb

Transcript: Counting the costs of Trump’s immigration crackdown

Victoria Craig talks to Guy Chazan