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The move comes as the Iran war continues to choke off traffic through the strategically vital Strait of Hormuz.

Arms maker Rheinmetall reported full-year sales that grew 29% year-over-year and said revenue would grow by even more this year.

This year's famous Cheltenham Festival comes at a time of crisis for British racing, which saw the head of the sport's governing body quit amid acrimony.

AVK and Pure Data Centers' microgrid facility in Ireland could mark the region's first step toward a privately powered ecosystem.

The announcement comes on the back of a bumper start to the week for European AI companies.

A prolonged U.S.-Israel war against Iran could lead to shortages of key chipmaking materials and higher energy costs which could hurt semiconductor demand.

Volkswagen reported a more than 50% drop in annual operating profit, citing the impact of U.S. tariffs, currency effects and a strategic shift at Porsche.

Novo dropped its patent-infringement case against telehealth provider Hims & Hers after the companies agreed that Hims would sell Novo's branded medicines.

"There is no precedent for this. The sky is the limit," said Neil Atkinson, former head of oil at the International Energy Agency.

Kharg Island serves as the centerpiece for Iran's oil industry, accounting for roughly 90% of the country's crude exports.