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FTSE 100 opens higher and European markets rise as US president describes conflict as ‘very complete’Business live – latest updatesMiddle East crisis – live updatesOil prices have tumbled from four-year highs, capping an extraordinary 24 hours in globa…
Crude prices could surpass their 2008 record, with potentially dire effects for consumers and businessesFears over the global economy have been stoked by the oil price soaring past $100 a barrel as a result of the US-Israel war with Iran.Economists say…
Chancellor says she is ready to help households with rising costs but stops short of setting out specific stepsMiddle East crisis – live updatesBritain is likely to be hit by rising inflation because of the US war with Iran, the chancellor has said, as…
Ministers understood to be considering ways to mitigate rising energy bills as oil prices surpass $100 a barrelMiddle East crisis – live updatesUK politics live – latest updatesKeir Starmer has said that a long-term US-Iran war would affect the “lives …
The prime minister is facing pressure from unions and some backbenchers to prepare a support package as oil and gas prices threaten to push up inflationAs we mentioned in the opening post, the chancellor, Rachel Reeves, has a call with fellow G7 financ…
US among three countries so far backing measure triggered by Middle East war, according to reportsIran war drives oil prices above $100 a barrelBusiness live – latest updatesG7 finance ministers are preparing to discuss the release of emergency oil res…
Finance ministers monitoring situation but stop short of agreeing to release emergency oil reservesIran war drives oil prices above $100 a barrelBusiness live – latest updatesThe G7 said it was ready to take “necessary measures” to address the economic…
Benchmark S&P/ASX 200 closes down by 2.85%, marking the single biggest one-day drop since Donald Trump’s ‘liberation day’ tariffs announcementFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news …
Markets settled after Trump claimed US-Israel war with Iran is ‘very complete’, bringing oil prices down to $85 a barrelHow high could oil prices go – and what might the global economic fallout be?US stock markets closed on a high after oil prices swun…
Chris Wright says price increase would last weeks, not months, and that US would not target Iran’s energy industryThe US Department of Energy secretary, Chris Wright, said on Sunday that the spike in energy prices would last weeks, at the worst, not mo…