Iran war oil price windfall gives Shell a chance to edge ahead of BP
Extra funds mean majors can now in theory increase exploration without cutting shareholder returns
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UAE opens up an Opec fissure
Exit represents a rejection of the production-control system dominated in recent years by Saudi Arabia
Ken Griffin suggests wealthy individuals do not understand private credit risks
Founder of Citadel says some investors may not have realised they cannot quickly withdraw all their money from funds
FirstFT: UAE quits Opec in blow to oil cartel
Also in today’s newsletter: Bank of Japan holds rates and raises inflation forecast, and the Taliban accuse Pakistan of strikes on an Afghan university
US soldier pleads not guilty over prediction trades on Maduro capture
Serviceman accused of making more than $400,000 from trading on classified information