Morning Briefing Europe

Brent Crude Hits Wartime High with Little Mideast Progress

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Kuwait Oil Company’s Gathering Center No.15 of al-Rawdatain field in 2025.Photographer: Yasser al-Zayyat/AFP/Getty Images

Good morning. Oil hits a wartime record. Big Tech delivers a flood of earnings. And Europe’s central bankers will decide on rates today. Listen to the day’s top stories.

Brent crude rallied to a wartime high of $126 after Axios reported that Donald Trump will be briefed today about new military options in Iran. The US president had earlier told the news outlet that he would not lift his naval blockade without a nuclear deal. Check out our Markets Today live blog for all the latest news and analysis relevant to UK assets.