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Stuart Machin

British businessman, CEO of Marks & Spencer

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  • 4h ago

    UK economy faces recession risk if Strait of Hormuz stays shut into 2027, EY warns

    EY's latest outlook says GDP could contract by 0.2% next year if the vital waterway remains closed, while fuel thefts from UK forecourts have hit £194,000 a day since the Iran war began.

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Today’s Brief

Hormuz, Ceuta and 156 yen

Trump pauses Iran strikes as Ceuta deaths force Europe and yen intervention jolts markets

A weekend of near-misses and hard numbers is setting Monday's agenda. Washington stepped back from new Iran strikes, Europe fought over a deadly migration surge, and markets watched the first joint US-Japan yen intervention in years.

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  • Ukrainian drone strikes inside Russia

    Strikes hit a Wildberries warehouse and a university in Russia as drone attacks continue across several regions

  • US and Israel plan Iran energy strikes

    Announced Trump a new round of negotiations for Monday, prompting a decline in global oil prices despite continued denials from Iranian officials.

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World · Updated 1h ago

The Middle East after Gaza

Hamas clarified its conditions for the Gaza disarmament roadmap, and Iran stated no final agreement has been reached on Strait of Hormuz administration despite a US-Iran memorandum.

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