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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 manufacturing
Business

UK manufacturers raise prices at fastest pace in nearly three years

Manufacturers are passing rising costs on to customers as supply chain pressures intensify.

International Monetary Fund
News

IMF clears £512 million payout for Sri Lanka as recovery faces fresh pressure

The funding approval comes as Sri Lanka battles economic strain from war-driven oil prices and cyclone damage

BRICS
Editorial

BRICS meet in Delhi focuses on Iran conflict and oil supply concerns

The war in Iran and the related fuel crisis dominated discussions at the two-day meeting. Foreign ministers attending the meeting included Iran’s Abbas Araghchi and Russia’s Sergei Lavrov.

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.

US economy
Business

US adds 115,000 jobs in April as US labour market defies war fears

Unemployment held steady even as oil prices and Middle East tensions rattled the economy

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.

UAE Burj Khalifa
Business

UAE exit shakes OPEC+ as cracks widen over supply control and market influence

A key producer walks away, leaving the oil bloc facing questions over unity, power and price control.

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