Largest ever foreign investment in the Gulf state comes as it seeks to raise capital in face of Iranian attacks

Developing countries forced into rationing during Middle East conflict plan to build or expand official buffers

Business leaders wary of president’s interventionist policies

Qualitas Energy and investment arm of sovereign wealth fund in advanced talks to purchase renewables business

Cash-strapped British utility says financing will be used to help future bond issuance

Airlines and industrial buyers look for supplies safe from continuing turmoil

Overflows at bathing sites come as tourists flock to coastal areas for summer holidays

Billionaire Nigerian businessman is planning to grow capacity from about 650,000 barrels per day to 1.4mn b/d by 2028

Miatta Fahnbulleh’s visit to Aberdeen comes as companies hope to sway Burnham’s government on new drilling licences

If we are to outpace China and own the future of this technology, we must fund it properly

Crown prince has insisted any rapprochement with Israel will depend on steps towards establishing Palestinian state

Also in today’s newsletter, where is the US keeping $13bn of Venezuela’s oil money?

Changes would enable infrastructure to be built faster in order to bolster the country’s energy security

High utilisation rates create risks of outages at a time when fuel prices are already up sharply

American refiners are running hot after re-escalation of Iran war

Project is part of Tokyo’s commitment to invest $550bn in return for lower tariffs

Critics warn agreement lacks safeguards to prevent future uranium enrichment and reprocessing

Greek shipping company Dynagas will be allowed to continue carrying Russian LNG

Clash revived warnings of undue state influence in Brazilian mining company as pension fund’s candidate wins vote

Reducing the cost of capital is the only way to ensure the expansion of renewable energy across the continent