Trump demands help securing Hormuz Strait

Plus, 'One Battle After Another' wins six Oscars.

Daily Briefing Daily Briefing By Claire Beers Hello. Trump demands help to open Strait of Hormuz, oil prices rise again ‌as investor focus returned to threats facing Middle East oil facilities and, 'One Battle After Another' takes best picture at the Oscars. Plus, British teens resist an Australian-style social media ban.  Today's Top News   Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman's Musandam governance. REUTERS War in Iran US President Donald Trump's demands for a coalition to help reopen the Strait of Hormuz appeared to fall on deaf ears as allies Japan and Australia said they were not planning to send navy vessels to the Middle East. The war is disrupting the flow of critical medicines to the Gulf, imperiling supply routes for cancer drugs and other treatments that require refrigeration and forcing companies to reroute flights and find overland access into the region, industry executives said. Dubai's international airport was gradually resuming flights after a fire caused by a drone attack forced a temporary suspension, further disrupting traffic in one of the world's busiest air travel hubs. A fifth member of the Iranian women's soccer team has withdrawn her claim for asylum in Australia and will be rejoining the rest of the squad in Malaysia. Follow our live page for the latest updates throughout the day.  In other news Ukraine wants money and technology in return for helping Middle Eastern nations that have sought ‌its expertise as they defend against Iranian kamikaze drones, President Volodymyr Zelenskiy said, after Kyiv sent specialists to the region. Top US and Chinese economic officials were due to conclude talks in Paris, with potential areas of agreement in agriculture, critical minerals and managed trade. Multiple wildfires, including the largest in Nebraska's history, have burned through more than 600,000 acres of the state. Bad weather related to a severe winter storm in the Midwest has hampered fire suppression efforts. Senegalese proponents of a tougher anti-LGBT law discussed campaign strategy and mobilization tactics with a US-based "pro-family" group that calls homosexuality a public health threat. Business & Markets   A drone view of a pump jack and drilling rig south of Texas, USA. REUTERS/Eli Hartman Oil prices rose again ‌as investor focus returned to threats facing Middle East oil facilities, despite Trump's call for nations to help safeguard the Strait of Hormuz. The Reuters Morning Bid podcast has more details.  US Federal Reserve officials, their policy outlook roiled by a war that has stranded a fifth of global oil supply, meet this week to debate whether the Iran conflict is more likely to disrupt economic growth. European Union energy ministers will meet to weigh up options to curb energy costs, as officials draft ‌emergency plans to temper the impact of surging oil and gas prices triggered by the Iran war. Mounting gas shortages have disrupted operations at some steel ‌plants of India's top metals conglomerate JSW Group, with one unit facing a potential shutdown in the coming days. China's Hua Hong Group has developed advanced chip manufacturing technologies that can be used to produce artificial intelligence chips, a major milestone in Beijing's efforts to boost tech self-sufficiency. Meta is planning sweeping layoffs that could affect 20% or more of the company as ‌Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. 'One Battle After Another' takes best picture at the Oscars   Director Paul Thomas Anderson and cast members celebrate as they accept the Oscar for Best Picture for "One Battle after Another". REUTERS/Mike Blake  The darkly comic thriller "One Battle After Another" won best picture at the Academy Awards, leading a haul of six trophies as Hollywood handed its top movie honors to unconventional stories. The offbeat tale of political resistance traded wins with the vampire story "Sinners," setting up a fight to the end at the Dolby Theatre.  "KPop Demon Hunters," a Netflix movie that became a global phenomenon, was named best animated feature. Its catchy song, "Golden," won the award for best original song. The glitzy celebration, Hollywood's most over-the-top gala of the year, took place as the US wages war on Iran. Security was tight in and around the ceremony after a federal warning of a possible Iranian threat against California. The Reuters World News podcast spoke to Lisa Richwine from the event. Listen here.  Read more And Finally... Students from Ricards Lodge and Rutlish High Schools in Wimbledon look at their mobile phones during an interview and discussion with Reuters. REUTERS/Katie Collins British teenagers, like their peers abroad, have a conflicted relationship with social media. But they are in agreement they resist an Australian-style social media ban. Reuters spoke to teens about their thoughts on a social media ban for under 16s.  Read more   Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website   Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. 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