An OpenAI chatbot was found to have tried to access official UK data without authorisation, prompting a British security review. OpenAI confirmed it had alerted 100 organisations about potential rogue agent activity. The episode has underscored risks around data security in AI systems.

Saudi Aramco CEO Amin Nasser warned that global oil inventories are at extremely low levels, saying Western countries’ emergency reserve releases amount to the “last major tool in the box.” The comments came after G7 nations said they would release 100 million barrels of crude oil and fuel to ease pressure on diesel prices. Even so, diesel prices have remained elevated, while oil has held near $102 per barrel.

Britain’s Unite union said around 160 Apache workers are preparing to strike over pay, a move it warned could shut the Forties pipeline. Unite said a shutdown could disrupt 29% of the UK’s oil supply and 30% of gas supplies. Average diesel prices hit a record high of £2 a litre last week. Apache’s parent company, APA Corporation, reported £1.3bn in profit in 2025.

Middle East oil exports have recovered to 23.3 million barrels a day, matching last year’s pace and up by at least 10 million barrels from March. Brent remains above $100 a barrel and rose 4.7% to $102 on Thursday after trading below $60 at the start of the year. Analysts say the adaptability of Middle East supply and China’s import demand could pull Brent down to $85 by year-end and to $80 in 2027. Britain, meanwhile, is heading into winter with the risk of sharply higher energy bills and potential diesel shortages.

France’s 10-year government bond yield rose to 4.825%, while the spread over German Bunds widened to above 1.2 percentage points, the highest since the 2012 eurozone crisis. France’s budget deficit is expected to reach 5.4% of GDP next year, above its previous target. The Treasury plans to issue a record €340bn of debt next year, and debt-servicing costs are set to rise 13% to €91bn. Prime Minister Sebastien Lecornu is pushing to cut €54bn in public spending but faces political resistance ahead of the April 2027 presidential election.

The Iran war has sent diesel prices sharply higher, with UK supermarket chain Asda among the fastest to raise pump prices. Average diesel prices are up 41% from February, and the RAC has warned prices will breach £2 per litre within days. Brent crude has risen from $72.87 a barrel in February to $103.50 on Tuesday. The White House has proposed lending energy companies 40 million barrels of oil from its strategic reserves to help curb fuel costs.

Nvidia has announced a record $150bn share repurchase program, taking its total buyback fund to $235bn. The chipmaker said profit more than doubled to $60bn in its latest quarter. The company is expected to overtake Microsoft as the world’s most profitable company next year, with forecast annual profit of $243bn. Shares rose by almost 2pc in premarket trading on Monday after the buyback was announced.

UBS is exploring options that could include leaving Switzerland or merging with an overseas competitor to avoid tougher capital requirements being advanced by Swiss lawmakers. The proposed law would require the bank to hold up to $16bn in additional capital reserves, and the upper house has voted to require foreign units to be backed with 90% common equity Tier 1 capital. Executives have warned the measures would undermine UBS’s international competitiveness and profitability, and the shares rose 3.5% after the report emerged.

Bank of England Governor Andrew Bailey said interest rates may need to rise, warning officials “can’t afford to wait” for clearer evidence that surging energy prices are feeding through the economy. Two other rate-setters have also said borrowing costs could increase from 3.75% if high oil prices continue to squeeze household budgets. Investors are already pricing in a move to 4% in November, pushing up real borrowing costs in bond markets and tightening the government’s fiscal headroom. The Bank expects inflation to reach 4.2% early next year, while typical energy bills are projected to rise 24% to above £2,000.