World Business Report

The US and Iran agree deal to end war and could lead to supplies of gas and oil flowing more freely across the world. We hear from the Secretary-General of the International Maritime Organization (IMO) and from one of the world's biggest container shipping firms - Hapag-Lloyd.
And as the UK ban socials for under 16's is that the right approach? And how it will affecting businesses?

The US and Iran have reached an agreement to reopen the Strait of Hormuz. We will be hearing what this mean for oil prices in the global market. In the UK there's a ban on under 16's on social media. The UK says it it going further than other countries to remove high-risk features on gaming platforms and livestreaming sites. And Starbucks across South Korea close for a staff history lesson - after a marketing stunt went horribly wrong. Presenter: Sarah Rogers Producer: Barbara George

Elon Musk has become the world's first trillionaire after SpaceX shares soared following the company's stock market debut in New York. Andrew Peach examines what's driving the company's remarkable rise from its Starlink satellite business to the enduring appeal of the Musk brand.
Also on the programme, Switzerland is preparing to vote on proposals to limit population growth. But could restricting migration come at a cost to the country's economy?
And we'll assess the legacy of one of the art world's biggest names, as David Hockney dies aged 89, and ask what continues to make his work so sought after and valuable.
(Picture: A billboard of SpaceX is pictured on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. REUTERS/Jeenah Moon)

Today is the day SpaceX begins trading on public markets after raising around $75 billion in one of the largest listings on record, valuing the company at nearly $1.8 trillion.
Broader markets are also edging higher, with investors weighing whether enthusiasm around SpaceX is part of a wider surge linked to major AI-related listings still to come.
There is also growing focus on the personal implications of the listing. The scale of the valuation raises the possibility of Elon Musk entering the trillion-dollar club, prompting questions about what that means in practice
Presenter: Leanna Byrne
Producer: David Cann

El Niño has officially begun, according to scientists at the US National Oceanic and Atmospheric Administration. Will Bain examines what the climate phenomenon could mean for food prices, energy markets, economic growth and weather patterns around the world.

We'll also look ahead to Friday's huge Initial Public Offering in shares in SpaceX.

And the World Cup is under way. We hear from businesses and residents about the opportunities, disruptions and expectations as the tournament gets started.
(Picture:Indonesian farmers brace for possible dry spell linked to El Nino. Indonesia, June 4, 2026. REUTERS/Willy Kurniawan)