Is the US truly resilient to the energy market strife?
‘Somewhat counterintuitive’ indeed
Iran warns US Navy against entering Strait of Hormuz
Oil climbs 5% after Tehran claims to have struck American warship in strategic waterway
Boost for Modi as BJP claims election win in key Indian state
Hindu nationalist party says it has toppled West Bengal’s leftwing chief minister after 15 years in power
Canada’s beef producers say Mercosur trade deal will devastate industry
Farmers fear a flood of cheap meat as Carney government looks for entry to South American bloc
The US decoupling from the global gloom has limits
Total economic and financial insulation is an impossibility
America’s small businesses left out of Trump tariff refunds
New procedures only reimburse importers, not those who indirectly sourced products through them
FirstFT: Iran warns US Navy against entering Strait of Hormuz
Also in today’s newsletter: Putin hunkers down for fear of assassination and GameStop makes $56bn bid for eBay
Singapore and New Zealand strike ‘world first’ supply-chain pact
Leaders call on their other partners to maintain global trade flows with similar agreements
GameStop makes unsolicited $56bn offer for eBay
Video game retailer offers $125 a share for resale web giant
Our pension funds are not quasi-government money
New legislation pushing the mandatory allocation of investments into private assets conflicts with the fiduciary duty of trustees
US to ‘guide’ stranded ships out of Strait of Hormuz, says Trump
President says ‘humanitarian’ effort to begin on Monday as ‘very positive discussions’ continue with Iran
Inside China’s massive $3tn overseas acquisition spree
Pwned by Beijing
AI + Halo = $$$
A techno-industrial boomlet
Transcript: Labour braces for ballot box bloodbath
Lucy Fisher talks to Miranda Green, Robert Shrimsley and Stephen Bush
More than double the gas stuck in Hormuz is wasted each year, IEA says
Capping methane emissions would alleviate energy and climate crisis
EU leaders to meet Starmer eyeing Ukraine, migration and steel pacts
Also in this newsletter: Discussions on migrant deportations to third countries
Transcript: Global industries squeezed as Iran war enters third month
Victoria Craig speaks to Stephanie Findlay and Lucy Fisher
AI in Practice
Water utilities jettison listening sticks; restaurants aim to cut waste and reduce costs; recruiters’ quest to find the perfect connection; start-ups move fast with AI-generated code; hedge funds seek an edge; wealth managers insist AI can work in their favour
The best of TV and streaming this week
‘Widow’s Bay’ is a superb horror comedy; ‘The Cage’ is an assured casino-set thriller; campus drama ‘Rooster’ stars Steve Carell; ‘Half-Man’ is a gruesome drama from the ‘Baby Reindeer’ stable; Whoopi Goldberg and Jason Schwartzman voice animated comedy ‘Kevin’. Reviews by Rebecca Nicholson
Trouble for Labour across a scrambled political map
Breadth of previous support for the party makes it vulnerable to losing everywhere, to everyone, this week
UAE fertiliser giant resorts to trucks to shift product out of Gulf
Abu Dhabi’s Fertiglobe switches to land cargo to avoid Strait of Hormuz as soaring prices allow it to shoulder extra costs
Greg Abel tells Berkshire holders, be patient
Plus, Elliott likens Iran war to battling Nazis, Wall Street piles into Treasuries, and Raphael at The Met
Putin hunkers down for fear of assassination
Security around Russia’s president tightens after audacious drone attacks from Ukraine
Who are Reform UK’s voters?
Six Britons tell the FT about what attracts them to Nigel Farage’s populist party, which is ahead in opinion polls