France's UN Security Council envoy said securing an agreement to prevent Iran from obtaining nuclear weapons is urgent.

A fresh US-Iran flare-up pushed oil prices higher, and investors this week raised expectations for Bank of England hikes in 2026, BofA strategists said. They flagged the UK’s continued high sensitivity to global oil-price shocks as prompting a repricing of rate expectations. London Stock Exchange Group data show the market now prices a total of 27bp of Bank of England hikes for 2026, up from 20bp a week earlier.

Malaysia Palm Oil Board (MPOB) said June palm oil production was 1,638,777 tonnes, up 8.08% month-on-month.