The US and Iran said the Strait of Hormuz has reopened to oil shipments after a regional truce and Israel agreeing to pause military action against an armed group in Lebanon. The step boosts prospects for a broader accord, softens oil prices and steadies markets as shipping resumes.

Leaked files say Lord Mandelson failed security vetting before being named UK ambassador to Washington. The PM is accused of misleading MPs about his clearance, with Tories demanding his resignation and a full inquiry into who bypassed the process.

Britain faces summer supermarket shortages if a key shipping strait stays closed. A CO2 squeeze, vital for food processing, packaging and fizzy drinks, could hit poultry, dairy and supply chains. Plans would prioritise the NHS and essential services, with emergency powers on standby.

Rachel Reeves plans a defence rise of under £2.5bn a year, far short of calls from ministers and military chiefs. With public finances tight, she is resisting a rapid path to 2.5% of GDP and urging efficiencies. Critics warn security risks are growing; No.10 faces pressure to go further.