Why Hormuz will haunt us long after this war ends
Iran has shown that control of the strait gives it a stranglehold over the world economy
Five handy gadgets for EDC (everyday carry) enthusiasts
A titanium ballpoint pen, a fidget slider and more
Why America’s shale patch is not celebrating $100 oil
Independent operators are caught in the middle between Trump’s Iran war aims and his promise of low petrol prices
Wall St underestimates private capital problems, says top credit hedge fund
Davidson Kempner’s Tony Yoseloff warns a substantial portion of PE firms are already “stressed or distressed”
Thames Water creditors offer £6.55bn in new debt to take formal control
Deal requires agreement with regulators and government and could take a number of months to conclude
FirstFT: Donald Trump warns European allies on Nato over Hormuz plea
Also in today’s newsletter: wealthy individuals pull $10bn from private credit funds and a good night for One Battle After Another
Hellish new planet identified beyond solar system
Observations add to scientists’ expanding picture of far-flung worlds
Non-alcoholic beer and pet grooming added to UK inflation basket
ONS updates list of items used to measure price growth on back of changing spending habits
UK should avoid using subsidies to cap energy costs
Amid Iran war price shock, Labour should propose a better measure than the Tories’ ‘energy price guarantee’
Emirates reroutes flights after drone attack on Dubai’s airport
Flights from Manchester, Edinburgh and Dublin among those that returned to destinations on Monday
Yale padlock maker to scrap CEO appointment in deal with activist investor
Fortune Brands staves off proxy battle with asset manager set up by Trian co-founder Ed Garden
Belgian prime minister calls for EU to normalise ties with Russia
Rightwing nationalist Bart De Wever challenges full support for Ukraine in quest for lower energy prices
French far right makes first-round gains in municipal elections
Local votes are crucial test of parties’ strength and appetite for alliances ahead of 2027 presidential contest
UniCredit launches €35bn Commerzbank takeover offer
Italian lender steps up long-running pursuit with plan to increase its near 30% stake in German bank
FTAV’s further reading
IPOs; private credit; autocoding; the IMF; and Anthropic
2022 redux?
War makes it possible.
‘One Battle After Another’ wins Best Picture at Oscars
Satire on immigration takes home one award after another, including Paul Thomas Anderson’s first directing accolade
India seeks greater ‘chemistry’ with EU capitals as ties deepen
Also in this newsletter: Arguments against an EU gas price cap
Canadian pension funds hit by private equity slump
Submit your questions to Katie Martin: are markets heading for a shock?
Take part in a live Ask an Expert Q&A with the FT’s markets columnist on Thursday March 19 at 1pm GMT
Central banks set to pivot in a hawkish direction
Reaction to the supply shock will set the tone for the months ahead
Online MBA 2026
As generative AI comes of age, its use in online MBAs poses tough questions for business schools and students. Plus, the value of flexibility and why top athletes opt for remote learning
The best of TV and streaming this week
Nicole Kidman stars in Patricia Cornwell adaptation ‘Scarpetta’; Louis Theroux goes ‘Inside the Manosphere’; C4’s reboot of ‘A Woman of Substance’ — plus infidelity drama ‘DTF St Louis’; social media documentary ‘Molly vs the Machines’; and water company exposé ‘Dirty Business’ (★★★★★). Reviews by R
Transcript: US shale producers not yet tempted by $100 oil
Victoria Craig talks to Sam Fleming and Stephanie Findlay