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Rising oil and gas prices may hit increase of £300 a year for typical working-age households, says leading thinktankBusiness live – latest updatesConflict in the Middle East could trigger an energy price shock that wipes out anticipated growth in livin…
With much of the world’s oil supplies out of action, Russia could step in to meet demand in China and IndiaA prolonged energy crisis triggered by the widening war in the Middle East could offer an economic lifeline to Russia’s war machine at a moment w…
DefenceTalkPresident Donald Trump said Tuesday the US Navy was ready to escort oil tankers through a crucial Gulf shipping route, as he justified his war on Iran by saying he believed Tehran was about to strike first. Trump has given often conflicting …
At least four tankers have been struck by drones and maritime traffic has dropped by 80%, reports sayIran has effectively closed the strait of Hormuz to oil and gas exports for the past four days with a mixture of drone strikes and fear that has halted…
President Donald Trump signaled Tuesday that he would direct the American military to escort oil tankers through the Strait of Hormuz, a major global shipping corridor. Trump and his administration have faced growing criticism over plunging stocks and…
Beijing’s foreign ministry urges ‘all parties’ to avoid escalation as number of crossings drops 60% in one dayHow escalating Iran conflict is driving up oil and gas prices – a visual guideBusiness live – latest updatesThe Chinese government has called …
Iranian drones hit US embassy in Riyadh as Israel bombs Tehran and sends troops into southern LebanonUS-Israel war on Iran – live updatesIran continued its bombardment the Gulf and Israel on Tuesday in retaliation for further Israeli-US airstrikes, as …
A near-halt to shipping in strait of Hormuz and attacks on Middle East refineries are threatening supplies and stoking inflationNils Pratley: A gas shock – not an oil shock – looks more threateningUS-Israel war on Iran – live updatesIran has responded …
The narrow shipping route on Iran’s southern border carries one fifth of global seaborne crude oil, one fifth of LNG shipments and one third of the most widely used fertiliserGet our breaking news email, free app or daily news podcastDonald Trump’s att…
Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growthBusiness live – latest updatesUS-Israel war on Iran – live updatesThe impact of the deadly and unpredictable conflict in the Middle East on…