Reuters Daily Briefing

"Global oil price hits 4-year high."

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Go beyond the headlines with Reuters on the stories shaping the day. Subscribe for $1/week. Subscribe now. Daily Briefing By Kate Turton Hello. The US is pushing for other countries to help reopen the Strait of Hormuz, and the global oil price hits 4-year high on concerns of a US-Iran war escalation. Elsewhere, the battle to clear Ukraine's mines, and a convicted former Harvard scientist rebuilds brain computer lab in China. Plus, our interactive graphic on oil in everyday things and how it is driving up the cost of your shopping cart. Today's Top News   Ships and boats in the Strait of Hormuz, Musandam, Oman, April 29, 2026. REUTERS/Stringer Middle East The US is pushing for other countries to form an international coalition to restore freedom of navigation in the Strait of Hormuz, according to a State Department cable seen by Reuters. The United States' war in Iran has cost $25 billion so far, a senior Pentagon official said, providing the first official estimate of the military's ‌price tag for the conflict. Follow our live coverage. New maps of Gaza quietly issued by Israel a little more than a month ago have put thousands of displaced Palestinians inside an expanded restricted area, within boundaries the military says it can continue to change. This as rats infest Gaza's tent camps, biting children and spreading disease. In other news An American scientist convicted of lying to US authorities about payments from China while he was at Harvard University has rebuilt his research lab in Shenzhen to pursue technology the Chinese government has identified as a national priority: embedding electronics into the human brain. Huge areas of Ukraine are littered with mines and other discarded ordnance after years of fighting. Now a combination of unmanned machines, remote-controlled diggers and manual efforts are speeding up and improving the safety of demining. The Voting Rights Act of 1965 has often been called the crown jewel of the US civil rights movement. But under a US Supreme Court led for two decades by conservative Chief Justice John Roberts, experts said, that jewel has lost its luster. Pakistan's Navy will be getting a fleet of advanced Chinese submarines, ‌a statement from the military and a government official said, a move to strengthen Islamabad's maritime security as part of a growing defense cooperation with Beijing. Some 287 candidates will be considered for the 2026 Nobel Peace Prize, the secretary of the Norwegian Nobel Committee said, with US President Donald Trump ‌likely to be among the nominees. Business & Markets   Global oil prices jumped to a four-year high of more than $122 a barrel, on concerns that the US-Iran war could worsen and lead to a protracted Middle East oil supply disruption ‌that could hurt global economic growth. Follow live. The Federal Reserve held interest rates steady but Jerome Powell's final meeting as Fed chair exposed a rare 8-4 split. Plus, Powell says he's sticking around to stay on as a Fed governor. Howard Schneider breaks down the dissent and Powell's plans in this episode of the Reuters World News podcast. Some automakers this week got a first-quarter profit boost – at least on paper - from future refunds of tariff payments they made to the US government, risking potential ire from Trump. Alphabet's blowout cloud growth has reset expectations across major tech companies, leaving investors to recalibrate which firms are delivering the clearest returns. Rice supply is expected to fall this year as farmers cut planting acreage across Asia because of fertiliser shortages and soaring fuel costs from the Iran war, with an emerging El Nino also set to squeeze output of the world's most consumed staple. The Iran conflict is showing no signs of ending with the price of crude above $100 a barrel. In this Viewsroom podcast, Breakingviews columnists discuss how the fallout from the closure of the Strait of Hormuz will be felt acutely in Europe when the crunch arrives. How the Iran war is driving up the cost of your shopping cart   A surge in energy prices caused by the Iran war is rippling through global supply chains for common consumer goods, making materials like chemicals and plastics more expensive and pushing up manufacturing and transportation costs. Read more And Finally... Meryl Streep, Anne Hathaway, Stanley Tucci and Emily Blunt attend the "The Devil Wears Prada 2" European premiere in London, Britain. REUTERS/Jack Taylor When Hollywood's summer movie season kicks off on Friday, theater owners will be counting on the high-heeled women of "The Devil Wears Prada 2" instead of cape-wearing superheroes to draw audiences to the ‌cineplex. For the past two decades, the first weekend in May featured a superhero movie or other high-octane adventure on the big screen. Walt Disney had planned to release "Avengers: Doomsday" in the slot this year but swapped in "Prada 2," a comedy starring Meryl Streep and Anne Hathaway, when the filmmakers needed more time on the Marvel film. Read more   Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website   Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. 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