Reopening Strait of Hormuz Poses Major Global Challenge

The Iran war has blocked the vital Strait of Hormuz, disrupting global oil flows and spiking prices. Governments are planning to reopen this crucial chokepoint, but experts warn of extreme dangers and complex logistical hurdles ahead.

Direct Line Fined £10.6m for Balance Sheet Errors

The Bank of England's Prudential Regulation Authority has imposed a £10.6 million penalty on UK Insurance Limited for misstating its financial strength over two years, with the fine reduced due to early cooperation.

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