Thanks for joining me. Brent crude oil has risen towards $91 a barrel after Israel said it would be forced to respond to Iran’s attack on the country at the weekend.
The vow comes despite Europe and the US urging restraint after deeming Tehran’s attack on Saturday a “failure”.
5 things to start your day
1) Elon Musk to cut 14,000 Tesla jobs amid electric car slowdown | Billionaire says 10pc reduction ‘must be done’ after first fall in sales in four years
2) Trump’s Truth Social suffers $700m slump after issuing new shares | App’s value tumbles 15pc as former president begins criminal trial
3) New York threatens London’s fintech dominance, says Revolut UK chief | The City risks losing talent to the US just as investors regain confidence
4) All new smart meters to have surge pricing function under government plans | Households would be charged more as demand rises under ‘time of use’ tariffs
5) Nike on the back foot as shoppers flock to Adidas for Sunak’s favourite trainers | Demand for Sambas sees German sportswear giant outpace…
