Masterpieces by Klimt, Matisse and Freud set for London’s most valuable auction

• The United Arab Emirates withdrew from OPEC yesterday, marking a historic split from Saudi Arabia during the escalating regional crisis. • This decision coincides with the Strait of Hormuz being almost entirely shut down due to a US naval blockade aimed at halting Iranian oil exports. • The US is threatening to cut off major Chinese banks from its financial system to prevent processing of Iranian oil, intensifying global energy tensions.

• The United States deployed a third aircraft carrier strike group with thousands of elite troops to the Middle East on April 24, marking the largest military buildup since the 2003 Iraq invasion, as the two-month Iran conflict escalates despite a ceasefire agreement. • President Trump warned the American military was "ready to go" if peace efforts fail, stating the US used the April 8 ceasefire to "restock" military capabilities while Washington and Tehran accuse each other of violations. • The US bombing campaign launched February 28 has devastated Iran's military infrastructure and leadership, but Tehran maintains control of the Strait of Hormuz, a critical global oil and gas supply route, prompting a US naval blockade imposed April 13.

Move comes as airline industry reacts to uncertainty over Iran war and increase in price of Brent crudeBusiness live – latest updatesAir France-KLM has cut its capacity growth forecasts for this year as the Iran war drives up its fuel costs by billions of dollars.The French-Dutch airline expects its fuel bill to increase by $2.4bn (£1.8bn) this year as a result of the surge in costs since the Middle East conflict began. In response, it has trimmed its expectations for capacity growth to between 2% and 4% this year, down from 3% to 5% previously. Continue reading...

Data tool could help NHS prioritise who gets access to limited weight-loss medication, say scientistsA new tool that can shed light on who is most at risk of obesity-related diseases could help identify people who would benefit most from weight-loss medications, researchers have said.Recent data suggests about two-thirds of adults in England are overweight or obese – a situation that has caused concern among health experts. Continue reading...

Spokesperson says just two out of 14 Australians remain in communication, after CCTV footage showed Israeli navy boarding vessels in international watersGet our breaking news email, free app or daily news podcastThe family of a Newcastle man among at least six Australians onboard boats that were intercepted by Israeli navy personnel in international waters has issued a tearful plea for his safety and lashed out at the Australian government for not intervening.More than 50 boats set sail to Gaza from Italy on Monday as part of the Global Sumud flotilla in the hope of delivering 500 tonnes of aid and volunteers to the Gaza Strip, which remains under naval blockade by Israel. Continue reading...

Amber Davidson-Orozco said the family had lost Dodger, their cat, during their move out of CaliforniaA family cat who got lost amid a move from California across the US is said to be settling back into his old ways with his humans at their new home in Georgia after experiencing an unlikely – but long hoped for – reunion more than seven years in the making.As owner Amber Davidson-Orozco put in an interview Wednesday, her cat Dodger still responds to his name and allows her sons to flip him playfully over their shoulders despite an absence from them that to the cat lasted the equivalent of roughly 24 years. Continue reading...

Jitu Munda says he was repeatedly refused access to money left in her account in case highlighting ‘lack of humanity’ in Indian bureaucracyThe sight of a man bringing the remains of his dead sister to a bank in India after officials had refused to let him withdraw money without proof of her death has caused shock in India.Jitu Munda, 52, from the Indian state of Odisha, was captured on video carrying the remains of his recently deceased sister through the streets of Keonjhar and placing them outside the local bank. Continue reading...

Whitbread to call time on restaurants in UK and Ireland blaming higher costs and taxes for latest strategic resetPremier Inn owner Whitbread is to cut about 3,800 jobs in the UK and Ireland and shut its remaining Beefeater and Brewers Fayre restaurants as it resets its five-year business strategy, amid tax rises and pressure from a US activist investor.The cuts will affect about 12% of Whitbread’s 30,000-strong workforce in the UK and Ireland working in its Beefeater and Brewers Fayre restaurants, which are usually located next to, or inside, Premier Inn hotels. The company said consultations with affected employees would begin immediately. Continue reading...

Robert Hayward predicts Reform will be big winner, taking seats from both Labour and the ConservativesGood morning. We are now into the final week of campaigning for the Scottish parliament, Welsh Senedd and English local elections. Keir Starmer had been planning a big speech today, but he, and other political leaders, are today focusing on their response to the Golders Green stabbing and the antisemitism threat facing Britain’s Jewish community – described as a “national security emergency” by Jonathan Hall KC, the government’s independent reviewer of terror legislation. Here is our overnight story. And here is our live blog by Taz Ali.Taz will be covering most of the political reaction to that story, and so that won’t be something I will be covering here. (And because criminal proceedings are active, comments relating to the attack won’t be allowed below the line, I’m afraid.) Continue reading...

Media tycoon honoured in absentia as critics decry his 20-year sentence under national security lawThe jailed media entrepreneur Jimmy Lai has been awarded Deutsche Welle’s freedom of speech award for his contribution to Hong Kong’s pro-democracy movement.The German public broadcaster said on Thursday that Lai would be presented in absentia with the 12th iteration of the award on 23 June at the DW Global Media Forum in Bonn. Continue reading...

Mother of Kumanjayi Little Baby, whose body was found after five-day search near Alice Springs, says ‘it’s going to be so hard to live the rest of our lives without you’• Warning: This article contains references to Indigenous Australians who have diedFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastPolice in the Northern Territory are searching for a man they suspect of murder after finding a body believed to be that of a five-year-old girl who went missing from Alice Springs on Saturday.The NT police commissioner, Martin Dole, told reporters the tragic discovery was made just before noon local time on Thursday. The girl’s family requested she be referred to as Kumanjayi Little Baby, in line with cultural protocols. Continue reading...