Iran war casts a pall over UK economic update
With oil prices soaring and stocks tanking, the fast-evolving Iran war has cast a pall over the economic forecasts that British Treasury chief Rachel Reeves is set to unveil later Tuesday.
Business
‘Peak Greggs’? Bakery chain’s profits slump and sales slow
Retailer known for its sausage rolls and steak bakes says it has been resilient in a challenging marketBusiness live – latest updatesGreggs has reported a slump in profits as it bemoaned “challenging” market conditions hitting consumer confidence and d…
UK grocery inflation in surprise rise as experts warn of worse to come
Extended war in Middle East could cause ‘substantial spike’ in inflation and ‘sharp drop in output’ in eurozone and UK, ECB official saysBusiness live – latest updatesShoppers faced a surprise jump in grocery inflation last month after four successive …
Surprise jump in UK grocery inflation makes interest rate cut less probable
ECB says Middle East war could cause higher inflationary pressure and warns of potential ‘sharp drop in output’Business live – latest updatesShoppers faced a surprise jump in grocery inflation last month, as experts warned there was worse to come if th…
Iran conflict could have ‘very significant’ impact on UK economy, OBR warns; FTSE 100’s biggest fall in 11 months – as it happened
Spring forecast show UK unempoyment to peak higher than feared, as tax take heads for a record, but headroom against fiscal rules has increasedSpring forecast: Reeves insists Labour has ‘right economic plan’ as 2026 growth downgradedUK grocery price in…
Rachel Reeves’s plans could be hit by Middle East conflict, say economists
Warning comes as OBR projections in the spring forecast are expected to show public finances moving in the right directionSoaring global energy prices as a result of the widening Middle East conflict will jeopardise Rachel Reeves’s plan to conquer infl…
Airlines in Middle East rule out services resuming before Thursday
Some repatriation flights depart as governments around the world work to extract their citizens from the conflict-hit region US-Israel war on Iran – live updatesThe biggest Middle East carriers have ruled out resuming scheduled flights until at least T…
Middle East war could bring even higher gas prices to WA
Prices for crude oil produced in the U.S. and abroad rose on Monday, an indication that consumers may soon feel the pinch of at the pump.
Iran shuts down the Strait of Hormuz. What more can it do?
Iran has declared the Strait of Hormuz closed and threatened to fire at any ship passing through it. The narrow waterway is a vital chokepoint for global oil and gas, but also for other commodities such as fertiliser. France 24’s Yuka Royer speaks wi…
How major US stock indexes fared Monday, 3/2/2026
Oil prices leaped on worries that war with Iran could clog the flow of crude, while U.S. stocks swung from sharp losses to small gains.