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Iran
Editorial

US and Iran reach deal to end war and reopen Strait of Hormuz

Few details of the agreement were made public, but US president Donald Trump said the Strait of Hormuz, a key route for global oil supplies, would reopen following the signing.

Oil prices
Business

Oil prices hit three-month low as shares rally on Hormuz reopening hopes

Markets rallied after Washington and Tehran signalled a breakthrough to end months of conflict

uk-economy-shrinks
Featured

Economy shrinks for first time since August as Middle East war hits

ONS data shows services output fell as cancellations of Formula 1 and other events affected British firms

Oil supply
Business

Saudi Aramco chief warns oil market disruption may last until 2027

Strait of Hormuz tensions are continuing to strain global fuel supplies and shipping routes.

uk-economy-growth-recession
Business

5 ways the Iran war could hit the economy harder in coming months

Maersk warns the real impact of the conflict may only start showing later this year.

Oil Prices
Business

Shell’s war-driven profit surge reignites windfall tax calls from environmental groups

Campaigners renew windfall tax calls after oil giant benefits from soaring energy prices during Iran conflict.

Trump
Editorial

Explained: Why the US paused Project Freedom and ended Operation Epic Fury

Project Freedom was a US military effort to escort commercial ships through the Strait of Hormuz.

British Petroleum (BP)
Business

BP doubles profit to £2.4bn as oil prices soar: What drives the surge?

As oil prices surged during the Iran conflict, BP’s earnings followed and fast.

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