Israel’s attack is about raw power, not about regional stability or better outcomes

Overnight attack marks first time that Israel has hit multiple residential areas in Iran’s capital

Disruption to tanker traffic at the Strait of Hormuz would pose a much bigger risk to oil supply

Top generals and senior nuclear scientists were among those who died in attacks

Israeli prime minister seized chance to strike but risks delaying rather than destroying weapons programme

Five factors to watch in coming days

Crude prices surge over potential for disruption to the narrow waterway

Country would need bunker-busting bombs to take out reinforced atomic facilities

This latest instability is stagflationary and may add to the erosion of the US-led economic order

Multiple attacks targeted Tehran’s top military commanders, nuclear sites and bases across the country

The prime minister plunges the war-weary region into a fresh bout of conflict that threatens to be its most destructive

Judges dismiss three claims that new tax had breached human rights

The country’s worst civil aviation disaster in almost three decades claims more than 200 lives

State-owned Deutsche Bahn expected to receive €10.5bn this year from newly established infrastructure fund

Paris conference urges international action against synthetic organisms that could disrupt critical ecosystems

Traders fear renewed conflict could threaten supplies across the region

The south-east Asian country benefited hugely from US-China tensions, but the Trump tariffs strike at the heart of its economy

Officials outside the US worry about what will happen when Jay Powell leaves the Fed

Flurry of recent exits heightens fears over market’s strength

The rentals group’s policy chief says it has fallen victim to ‘scapegoating’ as protests against overcrowding rise

Multiple Israeli air strikes targeted Tehran’s top military commanders, bases and nuclear sites

Israeli prime minister warns of further strikes after targeting Tehran’s nuclear and military facilities

Podcast host poised to become CEO of group that will seek to raise $750mn to buy digital assets

Usage of the digital assets is growing rapidly, but concerns remain about supervision and their impact on other parts of the financial system

California Democrat forcibly restrained by FBI agents after interrupting homeland security secretary Kristi Noem’s media event

Cause of incident involving 787-8 aircraft is unknown but could deal a blow to chief executive Kelly Ortberg’s strategy

IAEA criticism of Iran’s nuclear programme raises tensions between the west and Tehran

President calls Federal Reserve chair a ‘numbskull’ for not reducing US borrowing costs

US president ratchets up pressure on Tehran ahead of crunch talks on nuclear programme this weekend

UK benchmark recovers from sell-off following Donald Trump’s ‘liberation day’ tariffs

Congressional Budget Office believes legislation will leave poorest worse off

The Rock will also raise sales tax to avoid unfair competition

UK chancellor warned ‘something important may have to give’ to fill expected fiscal hole

The government should reform taxes to push savers and pension funds to invest in London-listed equities

Big Four firm ordered to pay £690,000 after issues uncovered on work for London-listed agriculture and engineering group

The British state in particular is unreformable without pressure from the bond markets

US currency falls sharply after president says he will set new levies on trading partners in next 2 weeks

Boeing 787 Dreamliner came down in Ahmedabad shortly after take-off

Plane carrying 242 people crashed in Ahmedabad

Investment firm Gordon Brothers plans to restructure struggling UK discount retailer after sealing acquisition