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The Masters 2026: day three golf updates from Augusta National – live | The Masters
Key events
… and now that lead is back to four strokes. Patrick Reed dumps his tee shot at the par-three 4th into the bunker guarding the front right, and fails to get up and down. Bogey; he’s -8. Though I’ll hold off on updating the Leader Board for just a minute, because in the final match that follows, Rory clips the back-edge of the bunker on the left and might not have a whole lot of green to work with coming out. Moving Day is beginning to Viciously Oscillate.
McIlroy’s eagle effort on 3, a left-to-right curler from 20 feet, stops one inch short. But that’s a birdie to stem the bleeding. The lead, which stood at six shots just over half an hour ago, but was reduced to two barely ten minutes back, is now three again. Moving Day, ladies and gentlemen!
-12: McIlroy (3)
-9: Reed (3)
-8: Burns (3)
-7: Young (7), Li (6)
-6: Scheffler (13), Clark (5), Lowry (4), Rose (3)
Patrick Cantlay is another player who will be cursing his cold start on Thursday. An opening round of 77 put him behind the eight-ball from the get-go, but he carded a blemish-free 67 yesterday, and he’s not dropped a stroke today either. He’s birdied 2, 8, 12, 13 and now 16 to rise all the way up to -5 overall. Winning is probably beyond him, simply due to the amount of traffic ahead of him on the Leader Board, but improving on his best finish of tied-ninth in 2019 – when he briefly led on Sunday after eagle at 15 – is a live prospect now.
… so Rory being Rory, he responds to those two errant drives by clattering his tee shot at the 350-yard par-four 3rd up onto the green. He’ll have a look at eagle from 22 feet.
McIlroy’s lead cut to two
The craziest stat of the week? Rory McIlroy, six shots clear of the field after 36 holes, coming in 90th of 91 for driving accuracy! The big stick’s not behaving any better today, and having missed the fairway on 1, he finds the trees down the right of 2. He carves his second towards the patrons to the left of the green, and doesn’t get his chip in close. He’s left with two putts for par from 37 feet. He does well to cosy the first one close enough to tap in for the saver. But that’s a shaky 5-5 start. Not quite was wild as the 6-5 he started with on Sunday last year, but still. His partner Sam Burns meanwhile makes another birdie, while Patrick Reed makes it three in a row at 3. Rory at the Masters, eh?
-11: McIlroy (2)
-9: Reed (3)
-8: Burns (2)
-7: Li (5)
-6: Scheffler (13), Young (6), Clark (4), Lowry (4), Rose (3)
A third birdie in four holes for Haotong Li. The 30-year-old Chinese star was paired in the final round at the Open with Scottie Scheffler last year; what odds a repeat of that last-day pairing tomorrow? He’s -7. Meanwhile the aforementioned Brian Harman birdied 17 on his way home to a 67. The 2023 Open champ is the new clubhouse leader at -1.
You will have worked out from that updated Leader Board that Shane Lowry and Tommy Fleetwood both made eagle at 2. No birdie on that hole in the following match from Justin Rose … but Patrick Reed made one, and he’s closing in Rory McIlroy, who lest we forget he bested in the final pairing in 2018. It’s not taken long for six to become three!
-11: McIlroy (1)
-8: Reed (2)
-7: Burns (1)
Wyndham Clark takes a shy at the 3rd green from the tee. His ball bounds up onto the putting surface, rolls towards the cup and … dies to the left, four feet short. So, so, so close to a hole-in-one albatross! The 2023 US Open champion tidies up for eagle – only the 20th on this hole in Masters history – and he takes up his place in the chasing pack … which is given further encouragement by Rory, whose wedge into 1 from 90 yards topples over the back. The champion leaves a putt up from the fringe short, and that’s an opening bogey for the leader. Sam Burns makes birdie, and just like that, a six-shot lead has been reduced to four!
-11: McIlroy (1)
-7: Reed (1), Burns (1)
-6: Scheffler (12), Young (5), Li (4), Clark (3), Lowry (2), Fleetwood (2)
Scottie Scheffler isn’t the only big name looming in Rory’s rear-view mirror. The local lad Patrick Reed has some record around Augusta National. That win in 2018, of course, but also four subsequent top-ten finishes, the latest coming just last year, when he holed out from the 17th fairway for eagle and a third-place finish. He’s continued that form into this week seamlessly, with a pair of 69s, and now he cracks his approach at Tea Olive from 165 yards to five feet. In goes the birdie putt, he moves to -7, and McIlroy’s lead is cut to just (!) five in the blink of an eye.
Rory McIlroy begins his third round
Rory on the tee. A few “Oh wow!”s as he batters his opening shot over the bunkers on the right of the fairway. His ball ends up in the second cut, but he should have a route to the green. He’s going round in this final pairing with Sam Burns, who splits the fairway. McIlroy goes into this round with the largest 36-hole lead in Masters history: his mark of six bests the five set by Harry Cooper (1936), Herman Keiser (1946), Jack Nicklaus (1975), Raymond Floyd (1976), Jordan Spieth (2015) and Scottie Scheffler (2022). All but Cooper went on to win.
… and now Young chips in from the back of the par-three 4th! That’s a huge bonus, and reward for a 25-yard wedge that bumps up the slope before travelling along a huge left-to-right swing and dropping. Meanwhile the Scottie charge continues apace. He sends a gentle draw into the 11th from 191 yards, setting up an eight-footer for birdie. He’s just missed one from similar range, so this could either kick-start another low-scoring blitz, or sour his mood severely. Ah, it’s the latter! In it goes, into the centre of the cup. And with back-to-back birdies for Haotong Li, it’s safe to announce that the cream is rising.
-12: McIlroy
-6: Scheffler (11), Young (4), Li (3), Burns, Reed
-5: Matsuyama (8), Lowry (1), Fleetwood (1), Rose
Cameron Young lashes his tee shot all the way up onto the hi-rise green at the short par-four 3rd. He’s rewarded with birdie. The new Players champion will be utterly cursing his sorry opening salvo on Thursday: without those bogeys at 1, 5, 6 and 7, he’d be just three off the lead now. Just the one bogey since that cold start, incidentally, 32 holes and ten birdies later. A major champion in waiting, surely.
-12: McIlroy
-6: Burns, Reed
-5: Scheffler (10), Young (3), Li (2), Lowry (1), Fleetwood (1), Rose
Scottie Scheffler sends a lovely approach into the 10th. From 151 yards, he uses the bank guarding the bunker on the right of the green to bring his ball around to eight feet. A huge birdie chance, but he uncharacteristically lets it dribble apologetically on the low side. Just a par, although given 10 has only given up five birdies today, that “just” is doing a lot of work.
Tyrrell Hatton found every single green in regulation yesterday as he made his 66. Only Jim Furyk and Kevin Na have managed to achieve that in the last 30 years. So what happens at the very first hole today? Well, he lands his second onto the front portion of the green … but the spin takes him back off it. So that’s snapped that sequence. But he wedges up elegantly to six feet, and tidies up for his par. He’s -4.
Scheffler out in 31
Scottie Scheffler is on the charge! A no-fuss birdie at the par-five 8th. Then from 160 yards on 9, he lands his approach 15 feet front-left of the pin and uses the camber of the green to gather his ball towards the hole. The ball rolls serenely towards the cup, and looks like dropping. Indeed it does, a little bit, taking a quick peek inside as it slingshots round the back, left, down, right, up again and out! So close to holing out for eagle! The ball stops four feet away. Birdie, and the world number one has traversed the front nine in 31 of your golf shots. This Masters ain’t over yet!
-12: McIlroy
-6: Burns, Reed
-5: Scheffler (9), Matsuyama (5), Gotterup (3), Rose, Lowry, Fleetwood
Chris Gotterup, who came third at last year’s Open, a week after winning the Scottish, looks the real deal. The 26-year-old from Oklahoma already has two wins on Tour this season, in Hawaii and Phoenix, and is looking good to make another big statement of intent on his Masters debut. Eagle at 2, after cracking his second from 227 yards to eight feet, and he’s -5 overall. He’s alongside Hideki Matsuyama, who has just carded his third consecutive birdie at 5, and you can be sure Rory McIlroy has clocked that the chasing pack haven’t given up hope yet. Plenty of movement beneath him on the Leader Board now.
-12: McIlroy
-6: Burns, Reed
-5: Matsuyama (5), Gotterup (2), Rose, Lowry, Fleetwood
-4: Scheffler (8), Knapp (4), Homa (3), Young (1), Clark, Hatton, Li, Reitan
-3: Fitzpatrick (6), Griffin (3), Day (1)
Max Homa led at this stage two years ago, ending the week in third spot after falling away over the weekend with a pair of 73s. Undaunted, he came back last year, and tied for 12th. The 35-year-old Californian has fallen in love with Augusta National late in life, and he’s going well again this week. Birdies at 1 and 2 have whisked him up the standings to -4.
While we’re waiting for the leading players to take to the course, we’ve got time to indulge in a wee spot of Masters nostalgia. This episode of This Golfing Life, a wonderful new golf podcast hosted by the award-winning journalist and author Dan Davies, dives deep into the career of the 1980 and 1983 champion, the legendary Seve Ballesteros, and comes much recommended. (Fans of Paddington and Maurice Flitcroft may enjoy this episode too.) Get on it!
Back-to-back birdies for the 2021 champion Hideki Matsuyama at 3 and 4. Meanwhile Matt Fitzpatrick pours in a downhill left-to-right 30-footer on 4. It’s the 2022 US Open champion’s second birdie of the day, and he moves to -3 … where he’s joined by Scottie Scheffler, who after a string of pars, adds to his eagle on 2 with birdie at 7. Scheffler’s drive at 7 toyed with the pines down the left, but from 130 yards, he wedges to seven feet and tidies up to regain that upward momentum. And there’s the inviting par-five 8th coming up.
-12: McIlroy
-6: Burns, Reed
-5: Rose, Lowry, Fleetwood
-4: Matsuyama (4), Clark, Hatton, Li, Reitan, Day, Young
-3: Scheffler (7), Fitzpatrick (4), Griffin (2), Homa (1), Gotterup (1)
Brian Harman hasn’t been in great form of late. Even so, he was mentioned in dispatches before the Tournament began as a dark horse, with the fiery conditions negating his length disadvantage, and his short game so sweet. However, form trumped hipster punditry as he opened with a dismal 79. However the 2023 Open champion bounced back spectacularly with a 69 yesterday, and he’s in even better nick this afternoon, with birdies at 2, 4, 6, 8 and 14. Just the one dropped shot at 7, and he’s level par overall.
Alex Noren was out in the first group this morning. The veteran Swede has absolutely no history at Augusta National to speak of – a tie for 62nd in 2019 is his best return – but he’s looking to amend that record this year. A round of 69 today to follow yesterday’s 71; how he’ll be ruing his opening 77. But as things stand he’s in the top 40 at +1 overall and very much trending in the right direction. Ladies and gentlemen, your very early clubhouse leader.
In terms of importance and sheer breathtaking drama, Rory McIlroy’s run of six birdies in the last seven holes last night is unlikely to be matched this week. If it is, we’re in for an era-defining treat. But the course does seem to be offering opportunities. The 2011 PGA champion Keegan Bradley reached the turn a wee bit earlier with four consecutive birdies, 6 through 9; he’s level par for the Tournament. And now Rasmus Højgaard has matched that feat with birdies at 13, 14, 15 and 16. The run’s unlikely to continue, as he’s just whistled his tee shot at 17 into the trees down the right, although that’s what Rory did yesterday and look what ended up happening there. Anyway, Højgaard is +3 overall for now.
There have only been three aces in Masters history at the famous short par-three 12th Golden Bell. Claude Harmon (1948 champion and father of Butch) in 1947; the amateur William Hyndman in 1959; and two-time US Open champion Curtis Strange in 1988. Three in 89 years … then nearly two in two days. Yesterday afternoon, the 18-year-old amateur Mason Howell landed his tee shot a couple of inches away from the hole; today the 2011 winner Charl Schwartzel smacked his wedge flush onto the base of the flagstick, a couple of feet up, and away. So close, but yet so far. Howell’s ball stopped near enough to tap in for birdie; Schwartzel’s nearly twanged back off the green but at least he saved his par.
The world number one Scottie Scheffler, twice a winner here, started the day 12 shots off the lead. But he’s only six off second spot, and you can be darn sure he won’t have given up the ghost just yet. To this end, he creams a high fade into the 2nd green from 265 yards to six feet, and makes no mistake with the eagle putt. That’s his second eagle at Pink Dogwood of the week, and it whisks him up the standings to -2. He followed up the first on day one with birdie at 3, but he can’t repeat that today, missing a relatively straight seven-footer on the next green. But there’s an early reminder for Rory that there’s plenty of trouble lurking in the pack should he slip up.
-12: McIlroy
-6: Burns, Reed
-5: Rose, Lowry, Fleetwood
-4: Clark, Hatton, Li, Reitan, Day, Young
-3: Gotterup, Koepka, Griffin
-2: Gerard (4), Scheffler (4), Homa, Knapp, Schauffele, Matsuyama
Welcome, patrons, to another sunny day in Augusta, Georgia. Temperatures are expected to make the mid-80s this afternoon, and the wind shouldn’t get up too much. So expect the course to get harder and faster as the day progresses … though the early signs suggest the greens might have been treated to a sprinkle of water overnight or early this morning, because they’ve been fairly receptive and agreeable so far. That seems a fairly logical thing to do if you’re hoping to keep this Tournament competitive: more birdies, more chance of someone taking a run at Rory McIlroy and making a game of this tomorrow. Then again, that also gives Rory the chance to attack the pins, and look what happened with relatively agreeable greens yesterday afternoon. Who’d run a professional golf tournament?
Preamble
It’s Moving Day! Here’s what the top of the leaderboard looked like after 36 holes …
-12: McIlroy
-6: Burns, Reed
-5: Rose, Lowry, Fleetwood
-4: Clark, Hatton, Li, Reitan, Day, Young
-3: Gotterup, Koepka, Griffin
-2: Homa, Knapp, Schauffele, Matsuyama
-1: Brennan, Taylor, Fitzpatrick, Morikawa
E: Campbell, Åberg, Scheffler, English, Gerard, D Johnson, Henley, Cantlay
… here are some big names who have missed the cut …
Danny Willett, JJ Spaun, Bubba Watson, Zach Johnson, Nicolai Højgaard, Akshay Bhatia, Robert MacIntyre, Cameron Smith, Fred Couples, Jose Maria Olazabal, Mike Weir, Vijay Singh, Angel Cabrera and perhaps most shockingly of all Bryson DeChambeau …
… and today’s tee times can be found here. We’ll get going at 6pm BST. It’s on!
UK News
European stock markets hit record high and oil price falls to three-month low after US-Iran peace deal – business live | Business
European stock markets hit record high
European stock markets have hit a record high at the start of trading, as relief over the US-Iran peace deal ripples across global markets.
The pan-European Stoxx 600 index has jumped by 0.9% to 639 points, over the previous record high set just before the Iran war started, with shares rising in London, Frankfurt, Paris, Madrid and Milan.
Mining and travel companies are driving the rally, while oil company shares are sliding.
That follows sharp gains in Asia-Pacific markets overnight, where Japan’s Nikkei surged by 5% on hopes that the strait of Hormuz will reopen within days.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, says global equity markets are starting the week firmly on the front foot after President Trump announced that a deal with Iran had been reached, adding:
The move has given investors a clear reason to dial back some of the geopolitical risk premium that has hung over markets, especially as the Strait of Hormuz is expected to reopen and oil prices move sharply lower.
Energy prices have been one of the clearest transmission channels from Middle East tensions into inflation, bond yields and equity sentiment, and there is likely to be a concerted effort to get prices down even further once this deal is finalised.
There are still details to be ironed out before markets can fully trust the agreement, but for now the direction of travel is clear: lower oil, calmer nerves and a renewed appetite for risk.
Key events
Peace deal should keep mortgage rates down
Mortgage borrowers can breathe a sigh of relief at the news of a peace deal in Iran, says Adam French, head of consumer finance at Moneyfactscompare.co.uk.
While we are far from being out of the woods yet, a lasting peace deal should dramatically reduce the risk of the Bank of England’s worst-case scenario for inflation and interest rates becoming a reality.
“Under that scenario, Base Rate could have risen to 5.25%, potentially pushing typical rates on new mortgages towards 6.75%. Instead, today’s news means mortgages rates, which have already been slowly falling for several weeks, have likely already passed their peak – at least until the next unwelcome crisis.
“Borrowers can be optimistic but with a word of caution, as inflation and economic data will continue to influence the outlook. However, a lasting peace should remove one of the biggest risks to mortgage costs and may help restore a more stable environment for hard-pressed remortgage borrowers and prospective buyers.”
Even before this morning’s drop in UK bond yields (see earlier post), average mortgage rates have dipped slightly.
Moneyfacts reports:
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The average 2-year fixed residential mortgage rate today is 5.61%. This is down from 5.62% the previous working day.
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The average 5-year fixed residential mortgage rate today is 5.58%. This is down from 5.59% the previous working day.
Why it may take months for oil flows to return to normal
Donald Trump excitedly declared: “Ships of the World, start your engines. Let the oil flow!” last night, but the reality is that it will take some time for oil flows through the strait of Hormuz to return to pre-war levels.
One reason is that many oil tankers are simply in the wrong place, after the long closure of the strait.
Another is that some production and refining facilities have been damaged by the conflict, while others were mothballed after storate facilities filled up to the brim.
A third factor is that insurers could still be wary of the conflict reigniting, and price their cover accordingly.
Neil Shearing, group chief economist at Capital Economics, explains:
Even if ships now have safe passage, tankers are in the wrong place, oil production/refining facilities need to get up to full capacity, and questions over the cost and availability of insurance for ships traversing the Strait will remain.
Our current working assumption is that ~80% of energy flows will resume by the end of Q3. Natural gas flows will be slower to return, following the damage to Qatari facilities earlier in the conflict, which according to local officials has put 17% of production offline for two to three years.
US crude drops below $80
US crude oil has dropped to its lowest level since the second week of the Iran war.
The cost of a barrel of West Texas Intermediate (WTI) light sweet crude has dropped by 6% today to $79.72 per barrel, the first time since 10 March that it has been under $80/barrel.
That could help to pull down US gasoline prices, which climbed after the conflict began, hitting consumer confidence.
UK bond yields fall
Today’s relief rally is also driving up government bond prices, pushing down the cost of borrowing.
The yield (or interest rate) on 10-year UK government debt has dropped by 6.5 basis points (0.065 of a percentage point) to 4.775%.
Two-year bond yields are down 8bps to 4.16%.
Lower bond yields indicate that that the cost of issuing new government debt has fallen, which will be a relief for the UK Treasury after the Iran war drove up borrowing costs.
Copper mining company Antofagasta is now the top riser on the FTSE 100, up almost 8%.
Trader will be concluding that an end to the Iran war will boost the world economy, leading to more demand for raw materials such as copper.
European stock markets hit record high
European stock markets have hit a record high at the start of trading, as relief over the US-Iran peace deal ripples across global markets.
The pan-European Stoxx 600 index has jumped by 0.9% to 639 points, over the previous record high set just before the Iran war started, with shares rising in London, Frankfurt, Paris, Madrid and Milan.
Mining and travel companies are driving the rally, while oil company shares are sliding.
That follows sharp gains in Asia-Pacific markets overnight, where Japan’s Nikkei surged by 5% on hopes that the strait of Hormuz will reopen within days.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, says global equity markets are starting the week firmly on the front foot after President Trump announced that a deal with Iran had been reached, adding:
The move has given investors a clear reason to dial back some of the geopolitical risk premium that has hung over markets, especially as the Strait of Hormuz is expected to reopen and oil prices move sharply lower.
Energy prices have been one of the clearest transmission channels from Middle East tensions into inflation, bond yields and equity sentiment, and there is likely to be a concerted effort to get prices down even further once this deal is finalised.
There are still details to be ironed out before markets can fully trust the agreement, but for now the direction of travel is clear: lower oil, calmer nerves and a renewed appetite for risk.
BP and Shell’s shares slide
Shares in oil companies are falling, though – BP and Shell are both down 3.7%, as investors anticipate an end to their earnngs boost from the Iran war.
FTSE 100 index hits eight-week high
Boom! Britain’s stock market has hit a near-two month high at the start of trading, as investors welcome the breakthrough between the US and Iran to end the Middle East conflict.
The FTSE 100 blue-chip share index has jumped by 99 points, or almost 1%, at the start of trading to 10,570 points, its highest level since 21 April.
Engineering firm Rolls-Royce, which makes and services jet engines, is the top riser on the FTSE 100, up 5.5%, followed by British Airways parent company IAG, up 4.8%.
UK house prices dip in June

Gwyn Topham
Two bits of good news for Britons who don’t own their homes have been revealed, with data showing a drop in house prices in June as well as fewer tenants facing rent hikes last month.
Figures from Rightmove showed the average price of property coming on the to market fell by 0.6% or £2,113 to £376,191, the biggest June fall in fourteen years, with prices 0.5% below this time in 2025. The biggest drops were seen in southern England and Wales, and in asking prices for flats rather than houses.
The property site said the number of homes for sale was still at historically high levels for summer, making it more of a buyer’s market. Mortgage affordability has also improved slightly this month, with the average two-year fixed rate deal dropping about 0.1 percentage points to 5.07%, it said.
Meanwhile, figures suggest that the introduction of the Renters Right Act may already be seeing results in terms of keeping rents down for tenants.
The new law came into force at the start of May and means landlords can only increase rents for sitting tenants once a year. According to Hamptons monthly lettings index, the number of tenants who saw their rent rise was down 23% from the same month last year. Hamptons said if the rest of the year saw similar change, it would expect only 31% of sitting tenants to face increases, compared to 40%-50% in previous years.
However, the agency warned that rent rises in Scotland, where landlords have been operating under a similar system for longer, exceeded the national average. Sitting tenants who faced rent rises had an average increase of 5.4% in May, but the figure reached 7.7% in Scotland, albeit for a lower absolute rent – £952 – than the Great Britain average of £1375.
Speaking of the ECB, their president Christine Lagarde has been warning that inflation pressures are spreading in the euro area.
In an intervew with broadcaster France Culture, Lagarde warned that high energy prices are starting to feed through to other parts of the economy, saying:
“Indirect effects of inflation, we have absolutely started to see that more or less everywhere in recent weeks.”
The US-Iran agreement is well-timed for the Bank of England, which is due to set UK interest rates on Thursday.
If the strait of Hormuz does reopen, and oil flows return towards pre-war levels, there will be less inflationary pressure – and thus less need for interest rate rises.
The European Central Bank raised its interest rates last week, but this week is the turn of the BoE, the US Federal Reserve and the Bank of Japan.
Kathleen Brooks, research director at XTB, says:
Over the past month, the price of oil is down by more than a fifth, and the Brent crude price is now back at levels from early March. This is good news for inflation, which should start tumbling monthly from June, and it could ease concerns about price pressures as we lead up to some major central bank action this week. The decline in the oil price also raises questions about whether the ECB was too hasty in raising rates last week.
European stock markets are on track to jump when trading begins, in just over 20 minutes.
Germany’s DAX share index is up 1.65% in the futures market, Reuters reports, with the UK’s FTSE 100 0.75% higher.
The US dollar is weakening, as investors shift into riskier currencies.
The pound is its highest in over a week, at $1.3438.
Markets rally across Asia
There are strong gains across Asia-Pacific markets today, as investors welcome the deal between the US and Iran.
Japan’s Nikkei share index has leapt by 5%, as has South Korea’s KOSPI, while China’s CSI300 index is 1.9% higher.
Jim Reid, market strategist at Deutsche Bank, says:
Whilst the deal is very good news for markets it looks like tough conversations will have occur in the 60-day window to ensure the peace is sustainable. As an example, the Senate needs to approve any extensive sanction relief for Iran.
For now the can kicking exercise has been very well received by markets even after a strong US close on Friday where hopes were raised of a weekend signing
Introduction: Oil falls to three-month low
Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.
The peace deal agreed between Iran and the US is sending a wave of relief through the markets today.
Oil has tumbled 4%, and markets across the Asia-Pacific region have jumped, as investors anticipate the reopening of the strait of Hormuz.
Although it is unclear exactly what has been agreed – with the final text of their memorandum of understanding unpublished – Donald Trump’s claim that “oil will flow on both ends again for the region, and the world” is pushing down energy prices – a relief for busineses, consumers, politicians and central bankers alike.
Brent crude has fallen as low as $83.04, its lowest since 10 March, after the prime minister of Pakistan announced the US and Iran will sign a memorandum of understanding in Switzerland on Friday.
That still leaves Brent above its pre-war price of $72.48 a barrel, though.
Trump has indicated that the opening of the strait is contingent upon the signing of the peace deal, scheduled for Friday.
Iran’s Mehr state news, though, reported that the agreed memorandum of understanding calls for the reopening of the strait within 30 days under “Iranian arrangements” – an indication that Tehran hasn’t surrendered its control of the waterway.
Chris Weston of IG points out that there are still obstacles to overcome:
The probable reopening of the Strait of Hormuz later this week would represent a significant positive development. Markets had increasingly questioned how long inventory draws could offset supply disruptions and whether physical dislocations would begin weighing more heavily on risk assets. The focus now shifts towards understanding what normalisation of logistics could realistically look like, and how quickly shipping volumes can return to pre-conflict levels of 120 to 140 commercial vessels transiting eastbound and westbound each day.
There are still obstacles to overcome. Mines may need to be cleared, and there may be structural damage to refineries and export facilities around the region that will take time to repair and come back to pre-conflict capacity.
The agenda
UK News
Roy Hattersley, former Labour deputy leader, dies aged 93
Paying tribute, Sir Keir Starmer said Lord Hattersley “was a giant of the Labour movement”.
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UK News
A £350 swimming pool fee ruined our easyJet holiday | Consumer rights
My partner and I paid £2,150 for a week’s all-inclusive break in Marrakech with easyJet Holidays.
We chose the Jaal Riad Resort Hotel because of its pool and spa. When we arrived, we were told that use of the heated pool cost £24 a person an hour, the Jacuzzi £24 for 20 minutes, and the hammam was £16 for 20 minutes.
Nowhere were these extra fees listed when booking. EasyJet Holidays rejected my complaint and referred me to a line buried at the bottom of the list of facilities that said charges may apply. We were planning on using the pool regularly but could not afford it. If we had known, we would have booked elsewhere.
DP, Cambridgeshire
Hidden charges can hugely inflate the cost of holidays. Resort fees are the most pernicious – some hotels charge up to £50 a person a day for facilities whether or not they are used.
Then there’s the daily tourist tax levied via the accommodation provider during the stay in some countries, and ancillary fees for upgraded wifi for sun loungers.
EasyJet Holidays makes a big deal of the pool – it’s a prominent photo on the webpage for the hotel.
No asterisk refers potential bookers to the crucial caveat that a couple, wishing to avail themselves once a day during a week’s stay, would have to pay almost £350 extra.
Even the eagle-eyed who alighted on the paragraph of small print at the bottom of the page, would be none the wiser.
Only after declaring that the facilities are subject to height and weight restrictions, seasonal availability, opening times, and age and dress code, does it mention that they “may” attract additional charges. These are not listed.
This is potentially unlawful, according to consumer lawyer Gary Rycroft.
“The facilities were prominently marketed as part of the holiday experience, and extra charges were not clearly disclosed before purchase,” he says. “Under the Digital Markets, Competition and Consumers (DMCC) Act 2024, businesses must not omit material information that would influence a consumer’s decision about whether to enter into a contract.”
EasyJet is defensive. “We always strive to make it clear that use of hotel facilities may incur additional charges,” it told me.
The company said then that it was reviewing the description to “further highlight that the use of the spa facilities is chargeable”, although, at the time of writing, three weeks later, the webpage remained unchanged. It has also now offered a £500 goodwill payment.
As the holiday season begins, you need to read the small print to avoid nasty surprises.
We welcome letters but cannot answer individually. Email us at consumer.champions@theguardian.com or write to Consumer Champions, Money, the Guardian, 90 York Way, London N1 9GU. Please include a daytime phone number. Submission and publication of all letters is subject to our terms and conditions.
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Crime & Safety4 weeks agoOxfordshire bridge closure comes as management ‘weaknesses’ found
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Oxford News4 weeks agoActor steps down from major role in new Harry Potter series
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Oxford News4 weeks agoHenley pub once owned by Russell Brand reopens after 6 years
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Crime & Safety4 weeks agoFriends of the Ridgeway appoint Matthew Barber as president
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Oxford News4 weeks agoNHS fracture service helps support extra 1,000 patients
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UK News4 weeks agoBurnham seeks to calm markets by committing to fiscal rules
