Good morning. Keir Starmer faces what could be a make-or-break moment today as he addresses MPs about the Mandelson vetting scandal that's rocking Downing Street. The sacked Foreign Office head Olly Robbins is reportedly furious about his dismissal and has taken legal advice ahead of his explosive testimony to Parliament tomorrow, where he's expected to give his full account of what went wrong with Peter Mandelson's ambassador vetting process.
Meanwhile, oil markets are jumpy after the US Navy seized an Iranian ship that allegedly breached blockade restrictions, with Washington and Tehran giving completely different versions of events and mixed signals about whether peace talks might be on the horizon. Iran's making its position crystal clear though, with a senior politician telling the BBC that Tehran will never give up control of the Strait of Hormuz and will decide who gets passage through that crucial shipping lane. On a lighter tech note, Blue Origin successfully reused its New Glenn rocket for the first time, marking another milestone in the commercial space race.