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UK price rise
Business

The Iran conflict has cost Britain almost £10bn: Households face another £373m a week

Higher oil and gas prices have already added £4.7bn to road fuel costs, while another £5bn in energy costs is expected to feed through to household and business bills

Bank-of-England
Business

Bank of England set to hold rates despite rebound in oil and gas prices

British inflation has so far remained below the BoE's forecasts, falling to a 15-month low of 2.6 per cent in June.

Mortgage rate
UK

How a conflict thousands of miles away is pushing up UK mortgages

Rising oil prices and fading hopes of interest rate cuts are pushing mortgage rates higher again, reversing weeks of easing for UK borrowers

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.

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