Mark Filippino

Thanks so much, Simon.

Before we go, as you know already, the U.S.-Iran War is affecting shipping through the Strait of Hormuz, and there's one tycoon that is absolutely fed up with it.

His name is Evangelos Maranakis, and he's one of Greece's biggest ship owners.

He says he'd rather pay a $200,000 toll per ship to pass through the Strait of Hormuz than put up with, quote, this hassle.

The hassle being the fact that the waterway's effectively been shut since the war began in late February.

Now, Marinakis has a pretty unusual take.

Others across the industry say free transit through the street is necessary.

They say if ship owners have to start paying a toll there, it could set a dangerous precedent for other shipping choke points, too.

You can read more on all these stories for free when you click the links in our show notes.

This has been your daily FT News briefing.

Check back tomorrow for the latest business news.

Good morning from the Financial Times.

Today is Tuesday, June 2nd, and this is your FT News Briefing.

The U.S.

may deploy more nuclear weapons in Europe, and Anthropic is making moves there too.

Plus, we get a look at Berkshire Hathaway's first steps after Warren Buffett.

I'm Mark Filippino, and here's the news you need to start your day.

The U.S.

has not exactly instilled a lot of confidence in Europe when it comes to conventional military support.

President Donald Trump has threatened to move troops and critical weapons systems away from the continent.