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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.

Olive oil price
Business

Olive oil prices fall, but UK shoppers yet to see relief as supermarket prices stay high

Falling wholesale costs are yet to fully reach supermarket shelves

Islamabad
Editorial

US, Iran fail to reach deal after 21-hour talks in Pakistan

Each side blamed the other for the failure of the negotiations, which were aimed at ending fighting that has killed thousands and affected global oil prices since it began over six weeks ago.

Inflation
Business

US inflation rises in March as Iran war impact reaches consumers

Rising fuel costs and tariffs push prices higher across the economy

Oil prices
Business

Oil slips, markets rally as US-Iran ceasefire steadies nerves

A fragile pause in conflict eases pressure on energy prices, but risks remain

Iran
Editorial

Iran defies US deadline on Hormuz; oil prices rise amid ongoing attacks

Iran has effectively closed the Strait of Hormuz since the war began on February 28 after US and Israeli strikes, disrupting a route that carries about one-fifth of global oil supply.

Oil Price
Business

Heating oil crisis grips UK small firms as costs more than double

Rural firms face soaring energy bills as Middle East tensions ripple through fuel markets.

West Asia
Editorial

Tehran rocked by blasts as Trump says war may end soon

The conflict began after the United States and Israel launched airstrikes across Iran that killed supreme leader Ayatollah Ali Khamenei, and has since expanded across the region.