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’
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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
Asia turns to coal as Iran war chokes off gas supplies
Countries shrug off environmental concerns to fire up use of polluting fuel as Gulf supplies dwindle
China suppliers warn of higher prices for Americans due to Strait of Hormuz closure
The Iran war has stalled shipments of oil and its products through the Strait of Hormuz, raising concerns among Chinese manufacturers about supply chain disruptions.