Is Trump’s $300bn Ambani’s $40mn?
Also in this newsletter: the Reserve Bank of India outlines the expected economic impact of the Middle East war
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Trump warns Iran over charging for passage through strait
Global stocks and oil rise in wake of S&P winning streak on ceasefire optimism
North Sea oil prices hit record high as Iran keeps hold over Hormuz
Washington-Tehran ceasefire agreement fails to stem global energy crunch
Venezuela passes mining reform law as it seeks private investment
Corruption and violence in mineral-rich regions likely to pose barrier to foreign companies
FirstFT: Asian refineries rush to secure oil cargoes as Iran keeps hold over Strait of Hormuz
Also in today’s newsletter: 7-Eleven owner delays US listing and CLSA curtails flagship Tokyo forum
Attacks cut Saudi oil capacity by 600,000 barrels per day
First official confirmation of scale of damage done by Iran to kingdom’s energy sector