United Airlines chief executive Scott Kirby confirmed that talks to acquire American Airlines have ended. Kirby argued a merger would differ from past airline consolidations, which he said focused on cost cuts. He maintained the combined carrier could expand route networks, add economy seats and better challenge foreign rivals, and expected regulators to sign off. He added the deal would require divestitures in some markets.

Capital Economics analyst Jonas Goltermann warned that optimism over a swift resolution to the U.S.-Iran conflict may fade as the Strait of Hormuz stays largely closed. He noted that each day of stalemate adds pressure to energy markets, feeding broader economic strain. In European trading, Brent crude rose 2.4% to $107.88 a barrel and WTI gained 2.2% to $96.47.

RBC Capital Markets sees BMW’s new iX3 as a possible lever to improve its Chinese foothold, yet analysts doubt the German automaker will fully recover its prior market share. The firm cites stronger brand favorability for premium cars and a better U.S. tariff position than Mercedes. RBC maintains a sector‑perform rating with an €84 price target, lifting the stock to €76.94.