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The government wants pension providers to invest 10% of their workplace portfolios in private markets by 2030, with at least 5% ring-fenced for U.K. assets.

Renzi's comments to CNBC come after Trump said the EU was "not going to be able to help" bring an end to the Israel-Iran conflict.

"We have actually sized up not only our portfolio appetite, but also the resources we bring in in order to advise our clients," Christian Sewing told CNBC.

Britain's Competition and Markets Authority said it's consulting on a proposal to give Google "strategic market status."

Britain has been courting investments from major tech players of late as it looks to boost domestic growth and productivity.

The Strait of Hormuz, which connects the Persian Gulf to the Arabian Sea, is recognized as one of the world's most important oil chokepoints.

The Straits are the only sea route from the Persian Gulf to the open ocean, and about 20% of the world's oil transits the waterway.

Iran's response will be watched by the rest of the world, especially among oil traders.

Maxar Technologies released satellite imagery on Sunday showing activity at Iran's Fordo nuclear facility prior to U.S. air strikes.

Iran launched its 20th wave of missile and drone strikes against Israeli military targets, according to Iran state-owned media Fars.