Global oil markets tumbled sharply after a breakthrough ceasefire agreement between the United States and Iran signaled a reopening of the critical Strait of Hormuz shipping route. Investors quickly reacted as fears over supply disruptions eased, triggering a broad rally…

South Africa’s banking giant, FirstRand, is preparing to exit the United Kingdom after taking a massive financial hit linked to motor finance compensation claims. The group is reassessing its position in the UK market as provisions tied to the issue…