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Debate in Labour and union movement over climate commitments as many call for Burnham not to allow drilling in North SeaAnalysis: ‘Act on the evidence outside the window’: Andy Burnham urged to stick to net zero targets if he becomes PMBacksliding on c…
Stock markets on both sides of Atlantic up as concerns ease over prospect of another inflationary shockBusiness live – latest updatesOil prices have fallen to pre-Iran war levels as more oil tankers exited the strait of Hormuz.Brent crude, the global b…
British Chamber of Commerce boss Shevaun Haviland says transition to clean energy could be handled betterAndy Burnham should be ready to exploit the UK’s remaining North Sea oil and gas resources to avoid mass job losses in Scotland and the north-east,…
Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflictDonald Trump said Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, a…
Tanker owner trade body says centre of strait will remain closed for ‘some time’, with vessels risking running aground by taking Omani routeThe centre of the strait of Hormuz is blocked with about 80 mines that will need clearing for normal shipping to…
Drivers feel some relief but prices still a dollar more per gallon overall since before US-Israel attack on IranSign up for the Breaking News US newsletter email The average price of US gasoline fell to just under $4 a gallon on Thursday for the first …
Thinktank says decoupling electricity from gas prices has also helped shield Spain from hikes caused by Iran warSpanish households save €10 a month on electricity bills because of wind turbines and solar panels installed in the last five years, a repor…
Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpilesOil prices hit three-month low and markets rallyBusiness live – latest updatesAfter more than 100 days of the greatest recorded disr…
In today’s newsletter: A peace deal between the US and Iran has been announced, but what it contains, and what could happen next, remain unclearGood morning. A war which had no clear objectives and no obvious endgame, but unleashed havoc across the glo…
Donald Trump posts ‘Let the oil flow’ as US-Iran peace deal sparks immediate drop for Brent crudeAnalysis: Oil and gas unlikely to return to prewar prices for months even if Hormuz reopensMiddle East crisis: live updatesGlobal oil prices have tumbled t…