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Trump's Iran strike
Business

Oil prices jump as Trump considers renewed Iran strikes. Here’s what could happen next

Renewed fears of US military action against Iran are pushing oil, fuel prices and borrowing costs higher, while investors brace for another shock to the global economy

india-rate-hike
Business

Sanjay Malhotra warns inflation is spreading as RBI hikes rate for first time since 2023

India's central bank has raised interest rates and ruled out cuts in the near term, a move that will push up loan repayments in India while a weakened rupee makes money sent from Britain go further.

Inflation
Business

UK food inflation hits two-year low, but is the worst over?

Food price inflation slowed to its lowest level since August 2024, although industry experts warn fresh cost pressures are building

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.