German lender says it applies ‘conservative underwriting standards’ in €26bn portfolio as concerns mount about wider industry

Global crude output will fall to lowest level in four years, energy agency warns in report

Ships and energy infrastructure in the Gulf hit by new wave of strikes

Saudi pipeline allows ships to avoid perilous Strait of Hormuz but they will have to brave hotspot for Houthi attacks

US company objects to use of British entrepreneur’s name in her collaboration with Zara

Not since the Suez Crisis has the IDF fought alongside an ally in a major military offensive

It depends on its damage to the target, potential for blowback and durability

Iraq has long been a battleground for Tehran and Washington’s interests. Now a murky conflict has broken out once again

Chair of Swiss private capital group warns pace could double to above 5% in coming years

Glendon Capital Management says debts are marked higher than similar publicly traded securities

Investor exodus highlights growing unease about the sector

President announces Shield of the Americas coalition of regional allies that excludes Brazil, Colombia and Mexico

Masoud Pezeshkian had said Tehran would stop attacks on Gulf neighbours

The conflict with Iran is unpopular with the American public and is roiling markets and the economy

Experts say reopening Strait of Hormuz remains most viable option as ideas such as influencing futures market fade

Israeli and US strikes have targeted regime infrastructure and also struck civilian sites. Here are some of the key buildings hit

From AI weapons to Game Boys, defence tech billionaire is in talks to raise funds for new gaming venture ModRetro

Steve Smith says restrictions may follow if enrolments to research masters programmes continue to rise

Market mood ‘has completely changed’ following outbreak of Middle East war

Israel and the US have achieved many military aims in Iran, but the unpredictable fallout poses threats to everyone

US allies in the Arab world have been plunged into a conflict they neither wanted nor consented to. Historian Eugene Rogan on what it means for the Middle East

Why the newly endangered city will endure

Alphabet boss gets bumper package of stock options tied to the share price and growth of Waymo in the next three years

Iran’s army says it will continue to target US and Israeli military sites