The Glam

Brazil ends IPO drought as Iran war fuels stock market rally

São Paulo exchange emerges as indirect beneficiary of turmoil in the Gulf

State department says groups provided satellite imagery that enabled Tehran to strike American forces in Middle East

Donald Trump says truce between Washington and Tehran still in effect after the two sides exchanged fire

From Sheila Hayman, Advisory Board, Minderoo Centre for Technology and Democracy, University of Cambridge, London NW1

From Dora Thornton, London EC1R, UK

From Cormac Meehan, Bundoran, County Donegal, Ireland

From Christopher Siwicki, Rome, Italy

From Jonathan Allum, Amersham, Buckinghamshire, UK

From Hugh Wilson, Paris, France

From James Beadle, Roquebrune-Cap-Martin, France

From Erhan Kilincarslan, Huddersfield, West Yorkshire, UK

Party performed strongly in council polls but path to general election victory is probably more perilous

Nigel Farage’s Reform UK makes big gains on English councils, while nationalist parties triumph in Scotland and Wales

Marty Makary had clashed with anti-abortion advocates and is latest top health official to lose job

Promotional AI video showed Yıldırımhan missile seemingly striking nuclear sites in America well beyond its range

Lucy Fisher talks to Jim Pickard, Jennifer Williams and Stephen Bush

Greater Manchester mayor is hoping to challenge prime minister for party leadership

Hiring exceeds Wall Street forecasts for second month in a row

Pakistan cancelled plans to buy cargoes on spot market because it expected Gulf shipments to resume

Scepticism persists that Vladimir Putin is willing to commit to a more lasting peace deal

Results cement prop firm as one of the most profitable on Wall Street

Nigel Farage’s Reform UK made sweeping gains in northern England, with a Brexit divide still clear