Oil prices rise as Iran tempers optimism around strait of Hormuz reopening - business live

European shares mixed while wheat prices rise amid Black Sea tensions More retail news: The John Lewis Partnership, Britain’s biggest employee-owned retailer, has said that Peter Ruis, the boss of its department store chain, will step down “to pursue new projects”. It said Ruis, who has been managing director of John Lewis department stores since 2024, will be replaced by Will Kernan, who sits on the partnership’s board as a non-executive director, as part of an “orderly succession…