Hi, I'm Katie Silver with the BBC Business Update.
Energy markets have opened for the first trading session since the US attack on Iran,
with oil prices jumping to a five-month high.
On opening, prices rose by 3%, but have since part-backed much of the gains.
Oil prices were expected to increase following the attack over the weekend.
Iran has threatened retaliation, including the closure of the Strait of Hormuz,
one of the world's most important trade routes for crude oil.
West African leaders attending a summit in Nigeria have said the region faces growing threats of terrorism,
climate change, military coups and poverty.
The economic community of West African states ended on Sunday with a number of stark warnings.
Nigeria's president, Bola Tinubu, said political instability elicit arms flow.
and transnational organized crime meant it was time to overhaul the region's collective security architecture,
including intelligence sharing.
Junta-led countries, Mali,
Burkina Faso and Niger all quit the bloc earlier this year, setting up their own alliances.
Air India says it's temporarily reducing its scheduled domestic and short-haul international flights to allow for safety inspections.
It's also recently announced reductions to long-haul international flights.
The carts follow the crash of an Air India plane shortly after takeoff earlier this month.
All but one of the more than 240 people on board were killed.
Nearly 30 people also died on the ground.