And oil will keep everyone on edge, after a resurgence in attacks between the U.S. and Iran after just two days of calm. UBS upsideSwiss banking giant UBS has reported a pretax profit of $3.6 billion in the second quarter, flagging strong client momentum across its businesses. The lender reported $36 billion in net new assets at its global wealth management unit, while its investment banking business reported a 31% year-on-year increase in revenue. The bank also announced a share buyback programme worth $3 billion, which it intends to complete in the first half of 2027. Surprise attacksCrude prices have risen sharply after Iran launched an unexpected attack on U.S. forces in the region.