US hits tanker heading for Kharg Island under renewed Iran blockade
Military clashes over control of Strait of Hormuz threaten global oil supplies
South Korea raises rates to battle inflation pressure from Iran war
Central bank’s first move under Shin Hyun-song comes amid concern over won weakness and reliance on energy imports
US will not win Iran war from the air, Trump’s ex-defence chief warns
Mark Esper tells FT more bombing will not change Tehran’s behaviour, as president vows to step up attacks
Letter: Prevention is the missing piece of mental health reform
From Ruth Jacobs, RMN, BSc, CEO and Founder, Certified Minds, Chessington, UK
Letter: When investing starts to look like gambling
From Anna Pavlova, Professor of Finance, London Business School, London NW1, UK
Letter: A new football formula
From John Tinsley, Cambridge, UK
Letter: Connection requires more than screen-time limits
From Jamie Masraff, Chief Executive, OnSide, Bolton, Lancashire, UK
Letter: Autism is not an illness
From Ronald Grover, London E8, UK
UK bans support for IRGC
‘Is that an Iranian Republican Guard Corps regimental tie, sir?’
FT Crossword: Number 18,427
FirstFT: China’s economy grows at one of lowest rates in years
Also in today’s newsletter: Oil traders warn over fresh supply crunch and Oracle leads race to supply Japan with top-secret cloud services
Argentina break English hearts with late World Cup semi-final comeback
Lionel Messi assists twice as reigning champions secure 2-1 win to reach back-to-back finals
Vote on US aid to Israel shows divide in Democratic Party
Failed amendment to an annual defence spending bill would have eliminated the $3.3bn the US provides to Israel
Ukraine’s self-defeating reshuffle
Sacking of the defence minister is a setback for the country’s military efforts
Blanche grilled over loyalty to Trump in tense confirmation hearing
Acting attorney-general vows to resign if asked to act illegally but insists he serves at pleasure of the president
Athens opposes new EU sanctions on Russia to shield Greek shipping company
George Prokopiou’s Dynagas specialises in transporting cargoes from Moscow’s Arctic LNG
SpaceX sell-off wipes $1tn from Musk’s rocket group
Stock trades below $135 for first time since AI and space conglomerate’s Wall Street debut in June
Oil traders warn market is close to running on empty as Hormuz shuts again
Stockpiles that acted as shock absorbers early in Iran war are running low as crucial waterway closes again
Dan Ives and Trump family-linked securities group launch AI bank, because why not?
Ives and Yorkville. Name a more iconic duo
US troops to get testosterone treatment to make them strong
Announcement from defence secretary Pete Hegseth comes amid focus on low sperm count and virility on American right
Volodymyr Zelenskyy sacks Ukraine’s popular defence minister
Moderniser behind country’s drone development ousted in cabinet reshuffle after just six months in post
Mira Murati’s Thinking Machines draws from Chinese rivals in debut AI model
Former OpenAI CTO’s start-up raised $2bn last year at $12bn valuation
European industries expected to win more time to emit carbon
Heavy lobbying by polluting companies and countries over review of EU emissions trading scheme
Canadian wildfires prompt air quality warnings as far as New York City
Smoke from more than 100 ‘out of control’ blazes spread across region