Writing the summary…
Iran war drives UK diesel price to near record high, and makes interest rate rise ‘hard to avoid’ – business live

Original reporting
The Guardian: read the full reportRelated stories
U.S. Treasury yields tick higher as global bond rout slows
U.S. Treasury yields continued to climb higher to end the week following a global bond selloff and stronger-than-expected U.S. economic data.
See which incumbents have the biggest cash advantage in the tightest U.S. House races
Incumbents hold commanding cash advantages in many of the U.S. House 2026 midterm election races expected to help decide control of Congress.
Iran offers to reopen Strait of Hormuz within 7 days and restart nuclear talks
The remarks came as the Houthis launched a new wave of missile and drone attacks at Saudi targets Friday morning.
Trump and Xi dined with AI's biggest names. Here's what we know about tech talks so far
AI was a key topic during Trump-Xi talks on Thursday, after safety concerns shot to the top of the global geopolitical agenda in recent weeks.
Surging Treasury yields pose a brand new problem for Kevin Warsh and the Fed
Markets expect the central bank will take a firmer hand on inflation. It's not that easy.
Novo is betting on its next chapter as Eli Lilly gains more ground in GLP-1s
As Novo works to turn itself around, some analysts say Lilly has advantages that could help it maintain its position at the top of the obesity drug market.