Renewed Iran conflict has sent oil prices jumping and stock futures falling, with Trump's conflicting statements on blockades and talks creating uncertainty, and economists warning that the impact of the Iran war will lead to persistent inflation, affecting everything from defence spending to luxury brands in the Middle East.

• Oil Prices Jumped and Stock Futures Fell on Renewed Iran Conflict — The New York Times Business -
• US navy seizes Iranian ship after it breaches blockade, says Trump — Financial Times -
• FirstFT: US navy seizes Iranian ship that defied blockade, says Trump — Financial Times -

• Trump Says Iran Talks Are On, Sparking Push to Bridge Gaping Divides — Wall Street Journal -
• Impact of Iran war will hurt US even after conflict ends, economists warn — Financial Times -
• Iran focus of probe into London arson attacks, counterterror police say — Financial Times -
• Syrian Billionaires Needed a Favor in Washington. They Invoked the Trump Name. — The New York Times Business -
• The US and Europe are still stronger together — Financial Times -
• The stock market’s new approach to valuation — Financial Times -
• US investors boost defence exposure as global wars fuel spending boom — Financial Times -
• Luxury Brands Bet on the Middle East. War Has Damaged Their Plans. — The New York Times Business -
• The Navy Sends in the Robots to Clear Hormuz of Mines — Wall Street Journal -
• How Iran has been studying lessons from the war in Ukraine — Financial Times -
• Iran claims ‘strict control’ of Strait of Hormuz and says it will not be fully reopened — Financial Times -

The UK housing market shows resilience with property asking prices rising despite high mortgage rates, while Prime Minister Starmer faces a tough week of questions on the Mandelson vetting scandal and HMRC probes into unpaid VAT by large companies highlight domestic economic scrutiny.

• Property asking prices rise in April despite higher UK mortgage rates — Financial Times -
• Starmer battles for Downing Street future amid Mandelson vetting scandal — Financial Times -
• Starmer set for tough week of questions on Mandelson scandal — Financial Times -

• Is London ready for the Green Party? — Financial Times -
• Ex-Foreign Office head takes legal advice over Mandelson vetting dismissal — Financial Times -
• Surge in HMRC probes over unpaid VAT by large companies — Financial Times -
• Veolia chief driven ‘nuts’ by UK water utilities’ failure to use AI to detect leaks — Financial Times -

Foreign carmakers are turning to Chinese technology to remain competitive, Blue Origin's rocket stumbled on its first commercial mission, and Walmart is challenging Amazon in same-day delivery, showcasing dynamic innovation and competition in global markets and tech sectors.

• Foreign carmakers turn to Chinese technology to remain relevant — Financial Times -
• Blue Origin Rocket Stumbles on First Commercial Mission — Wall Street Journal -
• The Obsessive Race to Make a Four-Ounce Running Shoe — Wall Street Journal -

• Walmart challenges Amazon on same-day delivery by using stores as warehouses — Financial Times -
• Lessons from the China shock 2.0 — Financial Times -
• My Boss Loves ChatGPT. Must I Fake Loving It Too? — The New York Times Business -
• Bogart’s Italian fedora maker seeks to get ahead in China — Financial Times -
• Fusion start-up Helion stands by 2028 timeline despite rivals’ doubts — Financial Times -
• France’s CB seeks to lead European fightback against Visa and Mastercard — Financial Times -
• Indian weight-loss market becomes ‘bloodbath’ as drugmakers pile in — Financial Times -

Americans living abroad find returning home increasingly expensive as paychecks feel smaller due to inflation, while farmers remain worried about repair costs from companies like Deere, and Democrats debate tax cuts to address affordability, reflecting widespread economic pressures and policy discussions.

• This Is a Hard Time to Start a Career. These Two Words Can Help. — The New York Times Business -
• Why Your Paycheck Feels Smaller — The New York Times Business -
• Deere Settled for $99 Million Over Repair Costs. Farmers Are Still Worried. — Wall Street Journal -

• Americans Living Abroad for Lower Costs Now Say Returning Home Is Too Expensive — The New York Times Business -
• Will Turkey be forced to reverse course on rate cuts? — Financial Times -
• Are Democrats Becoming a Party of Tax Cuts? — The New York Times Business -
• Wealth advisers made more than $2bn from private capital fees — Financial Times -
• Brussels pushes remote working to ease energy crisis — Financial Times -
• Germany’s far right at odds over conscription — Financial Times -
• Chinese migrant workers return home as urban jobs grow scarcer — Financial Times -
• BlackRock warns of hit to European stocks from energy crisis — Financial Times -
• Mark Mobius, Pioneering Investor in Emerging Markets, Dies at 89 — The New York Times Business -