More results...
Brent crude futures down 6% to lowest level in two weeks and stock markets riseOil prices fell below $100 a barrel on Monday and stock markets rose on hopes that the US and Iran are inching closer to a peace deal.Brent crude futures, the global oil ben…
Global prices are approaching a tipping point that could trigger inflation, shortages and, over time, recessionIf a US-Iran deal is about to be reached, three months on from the launch of Donald Trump’s Operation Epic Fury, it will not be a day too soo…
Proposed framework hinges on a 60-day truce, reopening strait of Hormuz, and revived talks on limiting Iran nuclear programme• Middle East crisis: live updatesDonald Trump has said a “memorandum of understanding” in talks to end the US-Israel war on Ir…
Prewar US gas prices averaged about $3 a gallon nationally – kiss that number goodbye for 2026Sorry, US drivers, but don’t expect pump prices to return to prewar levels any time soon, even if the US and Iran agree to a lasting peace deal tomorrow.As th…
Exclusive: With warnings world oil supplies are expected to hit ‘red zone’ by August, the Albanese government has outlined its powers to enforce daily purchase limits for motoristsGet our breaking news email, free app or daily news podcastThe federal g…
Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by AugustOil markets will enter the “red zone” by July and August as stocks dwindle before the summer travel season amid a shortage of fresh oil exports from …
Chancellor says she will raise tax on global oil firms to help meet costs of plans and confirms delay to fuel duty increasesBusiness live – latest updatesRachel Reeves will cut VAT to 5% on summer attractions such as theme parks and soft-play centres d…
This blog is now closed, you can read more on this story hereLabour is in a curious, transitional state at the moment. Officially Keir Starmer is committed to staying as leader and prime minister until the next election. There is no formal leadership c…
‘Short-term’ measures on import of jet fuel and diesel, and shipping of LNG, aimed to help tackle soaring pricesBusiness live – latest updatesThe UK has delayed some sanctions on Russian oil and liquefied natural gas to help tackle soaring prices as th…
Trump warning over peace talks drives up crude price as UK gilts hit by uncertainty over Starmer leadershipBusiness live – latest updatesOil prices rose and global bonds wobbled on Monday, as fresh tensions in the Middle East fed inflation fears and be…