Energy traders dig in for a long Iran war
Vitol, Trafigura and rivals expand credit lines in anticipation of prolonged disruption to global oil and gas flows
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Switzerland hits UBS with proposed $20bn capital increase
Federal Council sets out plans for banking reform after months of lobbying by country’s biggest lender
EQT makes improved £9.7bn offer for Intertek
Previous bid for FTSE 100 group from Swedish private equity firm rejected
Russia to suspend Kazakh oil flows through key pipeline supplying Berlin
Plan will hit Rosneft refinery that supplies most of German capital’s petrol, kerosene and heating fuel
UK dilutes post-crisis ‘fit and proper’ rules for financial services staff
Changes are first stage in wider shake-up by Financial Conduct Authority
Trump extends Iran ceasefire — but market focus has already drifted elsewhere
Prospects for further negotiations remain uncertain, with Tehran and Washington offering conflicting signals on the ceasefire’s status.