Iran launches ballistic missiles at Israel
Attack comes after Israel carried out a strike in Beirut that it said targeted Hizbollah
Oil prices jump after Iran missiles threaten fragile ceasefire
Traders worry that the new strikes could escalate into a return to all-out conflict in the Middle East
Trump says Netanyahu will have ‘no choice’ but to accept a deal with Iran
US president tells FT that he ‘calls the shots’ after urging the Israeli leader not to retaliate against Tehran
FirstFT: Iran launches missiles at Israel for first time since ceasefire
Also in today’s newsletter: OpenAI plots ChatGPT overhaul, and an interview with Tokio Marine’s CEO
School IB economics: Ferrari’s first EV sparks investor and social media backlash
Market failure
School IB Geography class: What does the return of El Niño mean?
Oceans
UK, US and global politics: what students should know
Read FT articles picked by our teacher advisers
School politics class: Mandelson files expose criticism of Starmer’s ‘advance/buckle’ premiership
Prime Minister and executive
Intesa prepares Monte dei Paschi bid to gatecrash BPM’s €50bn bank merger
Board of Italy’s largest bank meets hours after rival proposed potential tie-up with MPS
Zelenskyy used Abramovich to send message to Putin about peace talks
Former Chelsea FC owner invited to Kyiv last month in failed attempt to broker direct negotiations
US weighs using Iranian assets to compensate Gulf allies for war damage
Proposal comes as relations between Trump administration and regional partners have been strained by conflict
A big week for two Big Tech businesses
SpaceX IPO launches, Apple to hit reset, Trump turns 80, Fifa World Cup 2026 kicks off
Trump piles pressure on Warsh with call for rate cut
US president raises stakes for central bank pick as expectations grow that borrowing costs will rise
Airlines face $100bn hit on jet fuel from Iran energy shock
Industry body warns that profits will be halved by surging energy costs
Israel attacks Beirut days after Trump’s showdown with Netanyahu
Limited strikes on Lebanese capital follow US president’s intervention last week forcing Israeli PM to delay major raid
The strange case of who chooses the next Labour prime minister
Around three-quarters of those who can vote in any contest on who succeeds Starmer are not Labour Party members
Ministers told to cut budgets to fund boost to UK defence spending
Keir Starmer locked in eleventh-hour wrangling with departments over how to pay for delayed investment plan
Fifa’s $13bn World Cup cash machine sparks scrutiny of its finances
Football’s governing body expects to earn record revenues from expanded tournament but critics question how money is spent
Opec+ increases production quotas for fourth successive month
Impact of decision will be limited by shipping restrictions
Are we at the start of a new investment super-cycle?
AI, clean energy and defence spending are reinforcing each other, amplifying potential spend
Bank boss contests FCA fine for not revealing Venezuela and US penalties
BancTrust’s Carlos Fuenmayor accuses watchdog of impinging on freedom of expression
How high will the Iran war push US inflation?
Market Questions is the FT’s guide to the week ahead
The coming rise of anti-AI populism
Anxiety about the technology is set to generate a political backlash