The war in Iran has "handed Tehran what it sees as a new weapon", writes Lyse Doucet. It now views its ability to control traffic through the Strait of Hormuz "not just as a bargaining chip... but as long-term leverage". The country is about to enshrine in law the power to decide which vessels can pass through the waterway, Ebrahim Azizi, who heads Iran's Committee for National Security and Foreign Policy, told Lyse. The Strait is one of the core issues in talks reportedly set to resume in Islamabad on Tuesday between the US and Iran. However, an Iranian spokesman has said Tehran has not yet decided whether it will attend.

Throughout Trump's second term in office, traders have been betting millions of dollars just before he makes major announcements, often reaping big rewards. Some analysts say this bears the hallmarks of illegal insider trading - where bets are made based on information that's not available to the general public. Others claim the picture is more complicated and that some traders have become more adept at anticipating what the president might say. The White House has not responded to a request for comment.