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Fuel tanker rates surge as Middle East crisis worries markets – business live

Rolling coverage of the latest economic and financial newsTrump says UK is protected from tariffs ‘because I like them’ as trade deal is signed offIran and Israel crisis: what does it mean for the price of oil?Over in Tokyo, Japan’s central bank chief has warned that the jump in the oil price, if maintained, could push up inflation.Speaking after the BoJ left interest rates on hold today, governor Kazuo Ueda told reporters:“Coupled with already rising food prices, such moves in oil prices caused by tensions in Iran and Israel, if persist, could risk affecting inflation expectations and underlying inflation. So we must scrutinise developments carefully.”“Even if developments surrounding U.S. trade policy stabilise toward a certain direction, there’s very high uncertainty on how that could affect the economy .For the time being, there is extremely high uncertainty over each country’s trade policy. As such, there is bigger downside risk for both Japan’s economy and prices.” Continue re...


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1 hour ago Business news live: Housebuilders pay £100m after investigation and copper hits record price on tariff threat
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22 h. ago Business news live: Two more lenders drop mortgage rates and Monzo fined £21m over crime controls
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25 h. ago Business news live: FTSE 100 reacts to new Trump tariff rates and Apple appeal €500m EU fine
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26 h. ago Business news live: Trump sends 12 nations new tariff rates letters and Apple appeal €500m EU fine
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50 h. ago Business news live: Trump delays end of trade tariff pause and surprise June house prices data
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51 h. ago Business news live: Stock markets set for volatility with end of Trump’s tariff pause near
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4 d. ago Home secretary rejects Zarah Sultana’s claim Labour failing to improve lives – UK politics live
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7 d. ago Business news live: Bank of England reveals trade tariffs influence on interest rate decisions
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