Oil falls after Bessent says deal to reopen Strait of Hormuz is imminent
Brent crude drops 4% as Iranian and Omani negotiators agree on temporary arrangement for shipping through waterway
Japan’s fusion industry seeks state backing amid Middle East energy strain
Also in today’s newsletter, oil bosses draw Trump’s ire after blockbuster earnings
BP to sell $4bn US biogas business as profits more than double
UK oil major has had several approaches for its North Sea assets, says chief executive
Toyota plans $6.3bn buyback as weak yen boosts outlook
World’s biggest carmaker expects to sell more than 5mn hybrid electric vehicles this year
HSBC resumes share buybacks as quarterly profit soars to $10.1bn
Europe’s largest lender boosted by wealth management and insurance business in Hong Kong