Confusion over US naval escorts in Strait of Hormuz exposes lack of clarity over war aims

Public accounts committee finds lack of accurate data prevents setting of ‘meaningful targets’

Oil price swings as traders parse mixed messages on US naval escorts in crucial waterway

Software giant throws its weight behind the AI start-up’s lawsuit challenging its designation as a supply chain risk

Industries from farming to airlines face long-term higher costs and will raise customer prices in response

Meeting between two longstanding enemies could take place in Cyprus

Departure of HMS Dragon comes amid wider criticism of Britain’s slowness to bolster support for allies in Iran war

Ninety Labour MPs abstained while 10 joined Tories and Lib Dems in opposing Courts and Tribunals Bill

The US and Israeli attacks on Iran will leave the Middle East in greater turmoil

Radio station is broadcasting what appears to be coded orders in Farsi, echoing the cold war

Ministers try to win over sceptical public by potentially excluding children and some personal data

Budget airline’s CEO says crisis is ‘more manageable’ than others after forecasting €50mn hit to its bottom line

Issuance of around $60bn expected on Tuesday as companies take advantage of calmer markets

A succession of US foreign policy choices has destabilised the oil industry

Tribunal kicks off hearing of hedge fund founder’s case against UK financial watchdog

Donald Trump has said the conflict will be over ‘very soon’. How can he stop it?

Multiyear partnership includes a further ‘significant’ investment from Nvidia into one-year-old AI start-up

How one London trading floor coped with a record swing in prices

The US president has already done lasting damage to international trust in America

Manufacturing and trade figures dating from before Iran war disappoint

German group says it must ‘rigorously’ cut costs as conflict and tariffs cloud outlook

Private equity firm agrees financing with KKR and Pimco after failing to convince investors to commit to large equity deal

Oil producer is racing to restore 70% of normal shipments, chief executive says

Niels Christiansen says Mette Frederiksen’s idea would ‘drain quite a lot of capital out of companies’