Oil Plummets, AstraZeneca Wobbles, and Reform's Navy Gamble

Brent crude dropped 5% to $83.47 a barrel after Donald Trump announced he was calling off planned strikes on Iran to focus on peace talks. The relief rally sent European stocks soaring, but UK motorists saw little reprieve—petrol hit an Iran-war high of 160.85p per litre on Monday, with diesel surging above 180p. The Strait of Hormuz remains a flashpoint, and EY warned the UK economy faces recession if the key shipping lane stays...