Crude prices move higher with Brent now surpassing $70 a barrel after President Trump warns of potential consequences should Iran fail to reach a deal over its nuclear programme. U.S.-based private credit group Blue Owl announces it will halt investor withdrawals from a debt fund for retail traders, causing shares to slump across the sector. We are live at the A.I. Impact summit in New Delhi where CNBC learns that Nvidia is launching a new $30bn investment into OpenAI. Google DeepMind co-founder and CEO Demis Hassabis says the sector is suffering from a shortfall of memory and chips. And in aviation news, Airbus cuts its output target causing shares to fall but AF-KLM posts more than €2bn in FY profit.

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