FirstFT: Japan’s Sanae Takaichi confronts Iran war oil shock
Also in today’s newsletter: China warns Maersk and MSC over high freight rates, and Amazon leads record US corporate borrowing rush
Oracle shares rally 10 per cent on strong revenue forecast from AI data centres
Larry Ellison’s database group posted better than expected earnings from its cloud unit
Government overcomes backbench rebellion to pass jury plan
Ninety Labour MPs abstained while 10 joined Tories and Lib Dems in opposing Courts and Tribunals Bill
Israel rejects Lebanon’s request for ‘cessation’ in fighting to allow for talks
Meeting between two longstanding enemies could take place in Cyprus
Transcript: Wildest day for oil ever
Katie Martin speaks to Robert Armstrong
UK deploys first warship to Cyprus after scrutiny over delays
Departure of HMS Dragon comes amid wider criticism of Britain’s slowness to bolster support for allies in Iran war
Soaring fuel prices to cast long shadow across US economy
Industries from farming to airlines face long-term higher costs and will raise customer prices in response
Amazon leads record US corporate borrowing rush with nearly $50bn bond sales
Total issuance tops $65bn on Tuesday as companies take advantage of calmer markets
JD Vance to headline fundraising tour as Republicans gear up for midterms
US vice-president’s drive comes as concerns over cost of living and Iran war weigh on support for the party
Wildest day for oil ever
Did drastic swings in the price of crude just change the war in Iran?
No snow, no refund: weird weather tests Big Ski’s business model
Vail’s attempt to lock in revenue with its annual pass has come adrift because of rising prices amid less of the white stuff
Europe looks to shield consumers from high energy prices
France and Italy are monitoring petrol prices for evidence of price gouging
There is no easy exit to Trump’s war
The US and Israeli attacks on Iran will leave the Middle East in greater turmoil
Merger blocked after lawyers Simpson Thacher miss deadline for appeal
Law firm, where partners are paid an average of $7.7mn, says mistake was because of its ‘misinterpretation of the rules’
The ‘number station’ sending mystery messages to Iran
Radio station is broadcasting what appears to be coded orders in Farsi, echoing the cold war
Nigel Farage U-turns on his Iran war position
Reform leader said last week that ‘the gloves need to come off’ but now calls for caution over the UK’s involvement
Women Without Men — Shahrnush Parsipur’s powerful tale of misogyny and escape in Iran
The Booker-longlisted novel follows the interwoven stories of five characters in search of new, sometimes surreal, destinies
The toughest opera to stage? Yuval Sharon’s Tristan und Isolde is a daring Met debut
New York production with a glorious Lise Davidsen might not please the traditionalists — but it is powerfully poignant
UK consults on scaled-back digital ID plan
Ministers try to win over sceptical public by potentially excluding children and some personal data
Pandemic oil traders are the GOATs
Relatively speaking
Short sellers target Wizz Air as Iran war wipes out profit
Budget airline’s CEO says crisis is ‘more manageable’ than others after forecasting €50mn hit to its bottom line
Amazon holds engineering meeting following AI-related outages
Ecommerce giant says there has been a ‘trend of incidents’ linked to ‘Gen-AI assisted changes’
Creditors of collapsed MFS claim £1.3bn shortfall
Some £238mn is unaccounted for by entities tied to UK bridge-loan provider, creditors allege in court filings
There is no return to normal on oil any time soon
Even if the Iran war ends quickly, governments will need to prioritise security of supply