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
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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