Stock markets tumble after surge in oil prices underlines threat to global economy

Selection of slain ayatollah’s son is seen as act of defiance against war launched by US and Israel

Democrats and some Republicans fear a deepening involvement in the war with no clear exit strategy

Oman base seeks to prioritise government and commercial relief services as attempts to reopen other centres falter

Soaring production costs could add to recent woes of poor harvests and a five-year-low wheat price

Oil price surge and a softening labour market complicate US central bank’s ability to boost output while containing inflation

Narrow victory paves way for scrapping rules that some say unfairly penalised married couples

Traders are betting a widening conflict in the Middle East will lead to a weeks-long disruption in supply  

Iran’s Red Crescent Society tells locals to avoid exposure as capital is engulfed in smoke

UK foreign secretary says people need to ‘focus on the substance and not social media posts’

Private capital firm seeks big return on investment in CoolIT Systems as AI boom boosts valuations

Should the regime survive, hardliners believe the IRGC’s influence will be ever greater

The son of the ousted shah and a longstanding rebel group spend big in Washington in hopes of ruling in Tehran

Foreign minister Wang Yi says Beijing ‘positive and open’ on this month’s summit between the US and Chinese presidents

Data centres, energy projects and hotels move to limit potential losses

However this conflict concludes, the US and Iran’s new leaders will have to revisit the same issues that sparked hostilities

Tehran’s missiles are key to its retaliation against Israel and the US. But launching them brings an immediate risk of death

Korean giant’s device chief says its future Galaxy devices will host multiple models as users mix and match AI tools

Murders have fallen in Fortaleza in the north-east, but that may be because one mob is dominant and can extort at will

The 56-year-old cleric becomes the third leader of the Islamic republic after his father was killed in US-Israeli air strike

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