Business - Sunday, June 14, 2026

The US and Iran reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and setting the stage for negotiations on the fate of Iran's nuclear program. (Source: Bloomberg)

The deal follows weeks of mixed messaging from both Washington and Tehran on the trajectory of the conflict.

Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and other goods to flow through the Strait of Hormuz.

Japanese stocks are set to gain after President Donald Trump said the US and Iran have reached a peace deal, raising hopes the Middle East war is nearing an end and the Strait of Hormuz will reopen.

The G7 is likely to address the Iran peace deal, as well as Russia's war against Ukraine, which continues to rage in eastern Europe.

All the concerns about this World Cup, spanning extreme heat to transportation headaches and record ticket prices, failed to tarnish the opening days of the tournament. Bloomberg reporters are on the ground. (Source: Bloomberg)

In a nation that sees itself as a tranquil oasis of prosperity and business virtue, he drew death threats for pointing out a dark underside.

“We are prepared to lift relevant sanctions in response to clear, verifiable steps by Iran on its nuclear programme,” according to a joint statement from the leaders of the UK, France, Germany and Italy.

SpaceX shares soared on Friday as trading commenced on the Nasdaq.

Rosie Wolfenden says that under the current tax system, and with rising costs, traditional business models are no longer viable Thank you, Anita Chaudhuri, for writing about a crisis that is unfolding before our eyes and urgently needs the government’s attention ( The British food scene was booming. Why has it suddenly gone bust?, 9 June ). Your article about restaurants struggling to stay afloat resonated deeply with me because it mirrors what is happening in the independent retail sector, alongside the pressures facing food and hospitality businesses. I have run Tatty Devine for 27 years and like to think of us as the Michelin-star equivalent of retail: specialists in our field, delivering quality, creativity and consistency in design. Yet we too have hit a wall. Continue reading...