Middle East war as it happened: US extends waiver allowing countries to buy Russian oil
US stocks head for their best month in six years on hopes of an end to the war
Letter: How German cinema struggled to confront the Holocaust
From Mark A Wolfgram, Lecturer, Department of Political Science, University of Ottawa, Ottawa, ON, Canada
Letter: Trump should pontificate on a king, not an antipope
From Joe Keaney, Manchester, UK
Letter: Sound of dissent still acts as a clarion call to action
From Austen Lynch, Garstang, Lancashire, UK
Letter: Gwynne’s modernist work is not entirely lost after all
From Ian Tocher, Guildford, Surrey, UK
Letter: Time to take note of retail cyber hack’s significance
From Trudie Roberts, Rossendale, Lancashire, UK
Letter: The past is harder to ignore when cast in stone
From Nancy Kolff Rodríguez, Amsterdam, The Netherlands
Letter: Pilgrim paths are no longer roads less travelled
From Richard Scriven, Department of Geography, University College Cork, Cork, Ireland
Letter: Taking up arms comes with legal ramifications
From Thomas Power, Lecturer, Technological University, Dublin, Ireland
Letter: Welsh heroine is on display in all her glory
From Vivien Reuter, London SW19, UK
FT Crossword: Number 18,349
FT Crossword: Polymath number 1,383
Inflation expectations are only crumbs of comfort for now
Iran war’s impact has been larger on short-term expectations but 2022 serves as a cautionary tale
Blue Owl co-founders no longer pledging shares for personal loans
Doug Ostrover and Marc Lipschultz had committed firm equity worth more than $1.1bn last year as collateral
Anthropic CEO met White House chief of staff as US seeks access to Mythos model
Dario Amodei met with Susie Wiles despite lawsuits over whether AI lab is a national security threat
Months-old start-up Recursive raises $500mn for self-teaching AI
Group founded by former engineers at DeepMind and OpenAI secures $4bn valuation in deal with Google’s venture arm and Nvidia
Oil slumps as US and Iran declare Strait of Hormuz open to shipping
Some tankers reverse course after attempting to transit waterway amid confusion over its status
Spain probes grid operator over ‘very serious’ breaches linked to blackout
Investigations mark first time since 2025 outage that authorities have identified different degrees of wrongdoing
Allies of Olly Robbins defend handling of Mandelson vetting
Appointment as US ambassador likely to have involved scrutiny of Chinese and Russian business links
Lutnick tells Canada ‘they suck’ and vows to wind back trade deal with US
Fraught talks set to resume to end dispute that is costing America more than $1bn a month
Starmer refuses to quit after ‘unforgivable’ Foreign Office vetting fiasco
PM shifts blame after Peter Mandelson revealed to have failed security officials’ checks
Transcript: Labour lambasted over defence
Lucy Fisher talks to Robert Shrimsley, Jim Pickard and Stephen Bush
Top Fed official warns Iran war could spark ‘lasting’ price shock
Christopher Waller says higher oil prices coupled with Donald Trump’s tariffs raise prospect of prolonged inflation
Organised crime suspect Daniel Kinahan arrested in Dubai
Irish police are looking to extradite man alleged to be one of Europe’s top criminals