Markets rally as Trump signals progress with Iran

As the war in the Middle East continues, other regions adjust. The price of oil dropped after President Trump said discussions with Iran had taken place. Meanwhile, the Philippines, which gets most of its fuel from the Persian Gulf, has declared a four-day work week to reduce energy demand; Suranjana Tewari is in Manila with the latest. We also look at the drive towards solar energy across Sub-Saharan Africa and how this conflict could accelerate trends in the renewable energy sector. In Cuba, more than 10 million people lost power to their homes after their national grid collapsed. Will Bain looks at the future of the Caribbean island. And Leonid Radvinsky, who founded OnlyFans has died. We discuss how this platform provides much more than just adult content.

We bring you the latest reaction after President Trump says the US has held constructive talks with Iran, even as Iran has denied any dialogue with the US. Also, South Korea has a new central bank chief, Shin Hyun-song, known for predicting the 2008 financial crisis. And Huel, the British meal replacement brand comes under new ownership.

The head of the International Energy Agency has told the BBC that governments need to “be more vocal” about cutting energy usage amid what he called the “greatest global energy security challenge in history”. Dr Birol is now calling on countries to cut demand suggesting lower speed limits, avoiding air travel, even restricting the use of private cars. Last week the IEA coordinated the release of 400 million barrels of strategic oil reserves, which is around 20% of the total reserves. However, the global oil price has only risen since then. David Harper has the latest. Gold prices have fallen sharply from around $5000 per ounce to just over $4500. Traditionally seen as a 'safe haven' in times of global uncertainty, why is the price of gold dropping now? Banking giant JP Morgan Chase say they are now trialling software to analyse employee working hours. The firm say that this will enable them to prioritise staff wellbeing, but it has raised questions about the ethics of logging every video call or keystroke.

The International Energy Agency wants people to cut their energy consumption. The IEA warned that the impact from the closure of the Strait of Hormuz would “become more and more severe”. And the South Korean boyband BTS are back after an interruption for its members to do national service. They've also released a new album and announced a world tour.

Global energy security is facing one of its most serious tests in years. Two of the world’s most important gas production sites, Qatar’s Ras Laffan LNG hub and Iran’s South Pars facility, have been hit in coordinated missile strikes. Ras Laffan alone supplies around a fifth of the world’s liquefied natural gas, and the damage is reported to be extensive. What does this mean for the global gas supply? Vishala Sri-Pathma has the latest.The war in Iran could result in a 0.5% decline in global goods trade this year, according to a World Trade Organisation annual forecast. Last year international trade in goods and services trade was worth $34.65 trillion which is about a third of the global economy. In Nigeria, the vast gas reserves are becoming even more strategically important in a volatile global energy climate. So what does this mean for Akwa Ibom, one of Nigeria’s key oil‑producing states?

Gas prices rise sharply following an attack on Qatar's Ras Laffan energy complex. QatarEnergy has confirmed "extensive damage" to the plant used to convert natural gas into LPG. The effective closure of the Strait of Hormuz has hit some Asian countries particularly hard because of their dependence on energy supplies from the Middle East. We hear from people in the Philippines and Morocco about how they're coping with rising fuel prices.

With coordinated strikes on Iran's installations on the world's largest gas field and reprisals against facilities in Qatar, we ask what this means for the region and for supplies of gas worldwide. Conflict in the Middle East has already had an effect on airlines, with some carriers cancelling flights. We take a look at how an airlines pay for their fuel and why this can make a difference to how resilient they are to oil price shocks. And entertainment and theme part giant Disney has a new CEO. We find out what's in Josh D'Amaro's in-tray as he takes the helm at a time of intense competition.

Oil prices have jumped above 109 dollars a barrel after airstrikes hit Iran’s South Pars gas field, the world’s largest natural gas reserve, shared with Qatar, raising fresh concerns about supply during an already volatile period. In Bangladesh, the impact of the oil price is becoming increasingly visible. The country, which relies on imports for around 95 percent of its energy, is seeing long queues at fuel stations as fears of shortages grow. The government has even shut down universities in an effort to conserve electricity, affecting students across the country. Meanwhile, Nigeria’s president Bola Ahmed Tinubu has begun a two-day state visit to the UK, with trade and investment high on the agenda. With bilateral trade already worth up to 10 billion dollars annually, could the visit could unlock new opportunities and reshape the economic relationship.

The US Israel war with Iran has caused significant disruption to the global supply of oil and caused major economic upheaval. The US government has granted permission to domestic oil producers to drill in Alaska and the Gulf of Mexico, but much of America's oil comes from fracking. So will the frackers be taking advantage of current high oil prices to increase production? Vishala Sri-Pathma has the latest.In Sri Lanka, the government has announced an emergency shift to a four day work week to conserve dwindling fuel reserves, amid growing fears over petrol shortages. The Sri Lankan government has now declared that every Wednesday will now be a public holiday to cut fuel consumption on the island. Elsewhere, there were real worries in Dublin that Donald Trump’s tax agenda could see US multinationals paying far less corporation tax in Ireland on their European profits. However, those fears haven’t materialised. US tariffs have generally not been applied to pharmaceutical products which are Ireland's main export to the US. Meanwhile, the Irish economy has also been underpinned by a continuing corporation tax windfall.

The escalation in the Middle East is continuing to drive up energy prices, with the Strait of Hormuz, a critical chokepoint for global oil shipments, effectively closed. We bring you the latest on oil prices and how wider stock markets are responding.Despite higher prices, US oil production is not accelerating as some might expect. The number of active rigs remains below last year’s levels, and investment in new drilling is expected to stay modest into 2026.At the same time, political tensions are adding another layer of uncertainty. US President Donald Trump says he is considering delaying a planned summit with China’s President Xi Jinping, citing both the ongoing conflict with Iran and efforts to reopen key shipping routes. So how is this being viewed from Beijing?And as energy costs climb, businesses around the world are already feeling the pressure. In Kolkata, makers of one of India’s most famous dishes, biryani, say gas shortages and rising costs are hitting their livelihoods, as we hear from restaurant owners struggling to keep up with demand.