Business

President Trump announced that the US blockade of Iranian ports is proving effective, urging Tehran to “just give up” amid escalating tensions. Iran’s Parliament Speaker dismissed the blockade’s impact, stating it has only increased global oil prices, while tensions in the Strait of Hormuz continue to disrupt markets.

As Europe rolls into June with sunshine and a festival spirit, this week brings a rich mix of cultural sparkle, artistic flair, and sharp business thinking. Whether you’re jetting off, logging in, or just indulging in a bit of Euro-envy, here’s a whistle-stop tour of what’s lighting up the continent right now.

Chancellor Rachel Reeves is set to unveil a £15.6bn transport investment package aimed at boosting infrastructure across the North, Midlands and West Country. The cash will fund tram, train and bus improvements, including major projects in Greater Manchester, West Yorkshire, and the West Midlands.

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