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Here is your morning brief for Thursday, February 19th. I'm Luke Vargas for the Wall Street Journal.

We begin with some breaking news as the BBC reports that British police have arrested Andrew Mountbatten, Windsor, on suspicion of misconduct in public office.

Thames Valley Police said this morning they had arrested a man in his 60s and were carrying

out searches at addresses in Norfolk and Berkshire, where the former prince is currently living.

Andrew has faced numerous allegations over his links to convicted sex offender Jeffrey Epstein and has

consistently denied any wrongdoing. Buckingham Palace didn't have any immediate comment.

The U.S. and Iran are seemingly preparing for war in spite of ongoing diplomatic efforts to

avoid one. While President Trump hasn't decided whether to strike Iran, Washington has

now assembled the greatest amount of air power in the Middle East since the invasion of Iraq in 2003.

The heightened tensions are pushing oil and European natural gas prices higher over fears of

disruption to shipments in the Strait of Hormuz. Meanwhile, investors nervous about the perceived

risk of war have sent gold back above $5,000. And Airbus says that an engine shortage is

forcing it to scale back production of its best-selling A-320 jets. Its shares dropped more than 7%

on the news. It's just the latest setback for the European planemaker, which just two years ago was flying high while rival Boeing struggled.

Asian stocks have end of the day, mostly higher.

European stocks are down in midday trading, and U.S. stock futures are fairly flat.

And we've got a lot more coverage of the day's news on the

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