Oil jumps above $115 after drone strike on Kuwaiti tanker
Stocks in Japan and South Korea slide as authorities in Dubai say they are extinguishing a fire on the vessel
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India struggles to stem the rupee’s fall
Also in this newsletter, mining conglomerate Vedanta heads for demerger
Trump hails ‘progress’ on Iran deal but threatens huge infrastructure attack
President warns of hits on oil wells, Kharg Island and desalination plants unless agreement reached ‘shortly’
UK growers warn of cucumber and tomato shortages as gas prices surge
Producers warn of empty shelves if supermarkets do not raise prices to help offset costs linked to Iran war
Pete Hegseth’s broker looked to buy defence fund before Iran attack
Morgan Stanley wealth manager approached BlackRock about multimillion-dollar investment on behalf of US defence secretary
FirstFT: Asian countries struggle to defend their currencies amid energy shock
Also in today’s newsletter: Israel approves death penalty law targeting Palestinians, and the risks of a private capital meltdown