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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…
Leadership hopeful to also say tax revenues from new North Sea oil and gasfields should be used to cut energy billsWes Streeting’s pitch to be the next Labour leader will include a plan to increase high-skilled immigration to the UK, arguing that Donal…
Keir Starmer says operation involving National Crime Agency has delivered ‘yet another blow’ to Russia and PutinKeir Starmer said he directed British troops to seize a Russian shadow fleet oil tanker in the Channel in the early hours of Sunday, the fir…
Brent crude falls as optimism rises that strait of Hormuz could reopen over the weekendBusiness live – latest updatesGlobal oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to re…
OECD forecast sets out economic risks from conflict, pointing to potential shortfalls to key energy productsOECD predicts spate of recessions globally if Iran conflict drags into 2027Rural areas in the UK would be particularly at risk of diesel shortag…
Senior independent director to handle process again after Albert Manifold’s shock departure last weekBusiness live – latest updatesBP has backed Amanda Blanc to lead its search for a new chair for a second time, shrugging off investor concerns over her…
Labour leadership hopeful says NI reduction for firms could ‘incentivise’ hiring, particularly of younger people Wes Streeting has called for national insurance cuts for businesses, and for the government to drill for oil and gas in the North Sea.The f…
Commodity poised for one of biggest monthly declines, while global stock markets rallyBusiness live – latest updatesOil prices fell on Friday as investors hoped for the end of the US-Israel war on Iran, leaving the commodity poised for one of the bigge…
With early tests suggesting the presence of crude oil, the Caribbean island has begun to debate whether it could justify becoming a producerJamaica is closer than ever to drilling for oil. Tests on samples from the seabed off the Caribbean island’s sou…
Albert Manifold says he was removed without warning and ‘will not allow a false narrative to go unchallenged’Business live – latest updatesThe ousted chair of BP, Albert Manifold, has accused the oil company of firing him without warning and disputed r…