Trump pressures allies, Iran arrests, fuel shock and F1 cancellations

Iran arrests dozens of people it accuses of aiding Israeli strikes, as U.S. President Donald Trump threatens to hit Kharg Island “a few more times just for fun.” As oil prices rise, Trump wants allies' warships to help secure the Strait of Hormuz. Shipping snarls and drone attacks deepen a push Japan to release a record chunk of its oil reserves. India scrambles to support stranded sailors and calm protests over cooking‑gas shortages. Plus, Formula One wipes April off its calendar as conflict spreads across the Gulf. Listen to the latest On Assignment episode: The Oscars industrial complex Listen to the Morning Bid podcast ⁠⁠here⁠⁠. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices