Here are the business stories making the headlines across Scotland and the UK this morning.

Oil prices gain 1.5% on increasing concerns of Iran attack

Oil prices rose more than 1.5% in Asian trade, extending gains for a third day on Thursday, on increasing concerns the U.S. may carry out a military attack on key Middle Eastern producer Iran that could disrupt supply from the region.

Brent crude futures rose 99 cents, or 1.5%, to $69.39 a barrel by 0436 GMT. U.S. West Texas Intermediate crude climbed $1.06, or 1.7%, to $64.27 a barrel.

Both contracts have climbed about 5% since Monday and are at their highest since September 29.

Stonehaven crash train lacked modern safety features - inquiry

The fatal derailment of a train in Aberdeenshire would "more likely than not" have had a better outcome if it had been built to modern safety standards, an inquiry has heard.

The FAI heard on Wednesday that the train was made up of mark 3 high speed train (HST) coaches, which were built by British Rail in the 1970s.

Dominique Louis, a principal inspector at the Rail Accident Investigation Branch (RAIB), told the inquiry the 50-year-old coaches lacked a number of safety features that were now standard in modern trains.

Driverless taxis set to launch in UK as soon as September

Waymo, the US driverless car firm, said it hopes to be operating a robotaxi service in London as soon as September this year.

The UK government has said it plans to change regulations in the second half of 2026 to enable driverless taxis to operate in the city but has not given a specific date.

Waymo said a pilot service will launch in April and Local Transport Minister Lilian Greenwood said: "We're supporting Waymo and other operators through our passenger pilots, and pro-innovation regulations to make self-driving cars a reality on British roads."

Elon Musk unveils $20bn Tesla investment in AI and robots

Tesla said it will increase capital expenditure to more than $20billion this year as it invests in factories to build batteries, robots and artificial intelligence chips to “position the company for the next era”.

The electric vehicle maker plans to ramp up its production of Optimus humanoid robots and Robotaxi vehicles that operate without human drivers. It also wants to ensure it has greater control over its supply chain amid rising geopolitical risks.

Elon Musk, 54, Tesla’s chief executive, said the company is trying to “make sure that we can scale to very high volume with autonomous vehicles, with human robots and that we address geopolitical risk”.

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