63 m. ago How Iran can retaliate after Trump strikes nuclear facilities

On one hand, the Islamic Republic will be loath to provoke a full-scale war with the United States, a conflict it cannot hope to win. But total inaction is also intolerable for Khamenei and his clerics.

Events

1 hour ago Goldman Sachs warns Brent crude could rise over $100 per barrel if Strait of Hormuz is disrupted – business live

Rolling coverage of the latest economic and financial newsThe strait of Hormuz: what is it, and why does it matter to global trade?Price of oil could spike after Iran’s parliament votes to close key shipping routeThe eurozone economy has continued to flirt with stagnation this month, with little growth in its key sectors.The latest survey of purchasing managers across the euro area, just released by S&P Global, shows that the eurozone services sector is stalling this month, while factory growth slowed.“The eurozone economy is struggling to gain momentum. For six months now, growth has been minimal, with activity in the service sector stagnating and manufacturing output rising only moderately.In Germany, there are signs of a cautious improvement in the situation, but France continues to drag its feet. The momentum evident in the official growth figure of 0.6 percent for the first quarter is unlikely to have carried over into the second quarter, especially since special factors su...

Events

2 h. ago Oil prices soar after US attacks on Iran nuclear sites – why they could go higher

Some analysts fear oil prices could hit 100 US dollars (£74.43) a barrel if Iran closes the Strait of Hormuz shipping route.

Events

3 h. ago IMF chief warns of broader risks from US strikes on Iran, as oil falls back from five

Rolling coverage of the latest economic and financial newsPrice of oil could spike after Iran’s parliament votes to close key shipping routeThe eurozone economy has continued to flirt with stagnation this month, with little growth in its key sectors.The latest survey of purchasing managers across the euro area, just released by S&P Global, shows that the eurozone services sector is stalling this month, while factory growth slowed.“The eurozone economy is struggling to gain momentum. For six months now, growth has been minimal, with activity in the service sector stagnating and manufacturing output rising only moderately.In Germany, there are signs of a cautious improvement in the situation, but France continues to drag its feet. The momentum evident in the official growth figure of 0.6 percent for the first quarter is unlikely to have carried over into the second quarter, especially since special factors such as Ireland’s unusual jump in growth inflated this figure. Continue rea...

Events

3 h. ago Business news live: FTSE 100 rises after opening low while oil prices climb after US strikes on Iran

Stock markets latest updates and business news on Monday

Economics

4 h. ago Business news live: FTSE 100 opens lower and oil prices rise after US strikes on Iran

Stock markets latest updates and business news on Monday

Economics

5 h. ago IMF chief warns of broader risks from US strikes on Iran, after oil hits five

Rolling coverage of the latest economic and financial newsPrice of oil could spike after Iran’s parliament votes to close key shipping routeThe UK stock market has dropped at the start of trading, as traders weigh up the situation in the Middle East.Airline shares are down, with easyJet (-2.1%) and British Airways parent company IAG (-2.2%) leading the fallers on the FTSE 100 share index. Higher oil prices push up their costs, and the crisis could also force airlines to cancel flights to the region. Continue reading...

Events

5 h. ago Oil prices surge as Iran maintains threat to close global shipping route after Trump bombed its nuclear facilities

Brent crude futures were up $1.52 or 1.97 per cent to $78.53 a barrel as of 6am UK time. US West Texas Intermediate crude advanced $1.51 or 2.04 per cent to $75.35.

Events

6 h. ago Oil prices soar and Asian markets sink as Trump joins Israel’s war on Iran

Iran has threatened to shut down Strait of Hormuz, through which a fifth of world’s oil passes, in response to US attacks on its nuclear sites

Politics

9 h. ago The strait of Hormuz: what is it, and why does it matter to global trade?

Iran’s parliament approved a measure to close the vital global trade route, through which more than a fifth of the world’s oil supply passes through dailyTrump floats regime change in Iran – follow it livePresident Donald Trump’s unprecedented decision to bomb three Iranian nuclear sites has deepened fears of a widening conflict in the Middle East.Joining Israel in the biggest western military action against the Islamic Republic since its 1979 revolution, the world is now bracing for Iran’s response. Continue reading...

Politics

18 h. ago Alarm in Middle East over US strikes on Iran amid fears of widening conflict

Leaders of UAE, Qatar and Oman criticise attack and urge de-escalation as EU and UN call for immediate diplomacyMiddle East crisis – latest updatesCountries in the Middle East and beyond responded with alarm after US strikes on Iranian nuclear sites as the EU and the UN called for immediate diplomacy, with fears mounting that the war could trigger a wider escalation that could spiral out of control.Gulf states, which historically have been regional rivals with nearby Iran and critical of its nuclear ambitions, expressed serious concern at the US strikes, amid the risk of retaliation against US military bases hosted in their countries. Continue reading...

Events

19 h. ago Brits issued urgent petrol price warning as Iran closes Strait of Hormuz

Petrol prices could increase after further instability in the Middle East, with a recent strike on Iran from Israel meaning the Strait of Hormuz - a key oil shipping channel - could be disrupted

Events

21 h. ago Keir Starmer warns of ‘risk of escalation’ after US strikes against Iran

It comes after US planes and submarines attacked Iran's nuclear programme

Events

23 h. ago Keir Starmer warns of 'risk of escalation' after Donald Trump launches US strikes on Iran

He added that Iran having a nuclear weapon was the 'greatest threat to stability' in the Middle East

Events

24 h. ago Starmer warns of ‘risk of escalation’ following US strikes against Iran

Prime Minister Sir Keir Starmer has been calling for restraint and diplomacy but Donald Trump launched military action against Iran’s nuclear sites.

Events

29 h. ago From shipping, to proxies, to targeting US bases, Iran’s options to strike back are limited

Trump has warned of broader US involvement in Israel’s war if Iran attempts to strike back against US military sites in the regionFull report: Trump says US has attacked three Iranian nuclear sitesLive coverage: Iran strikes Israel after US attackIran had sought to deter Donald Trump from joining Israel’s bombing campaign with dire threats of retaliation, but its options now are limited and fraught with risk.Iranian officials have said specifically that US ships and military bases would be targeted, but much of the capacity it had relied on as a deterrent has been stripped away over the past few days by Israeli strikes. Those strikes however, have focused on long-range ballistic missile launchers. Iran still has a formidable arsenal of shorter-range missiles and drones. Continue reading...

Events

31 h. ago Trump bombs Iranian nuclear facilities in major escalation. What happens next?

The world braces for retaliatory strikes while the US risks the prospect of serious blowback

Events

3 d. ago War in Middle East 'to push oil price to $100': Experts sound alarm as Israel and Iran trade blows

Brent crude - the global benchmark for oil - reached a five-month high above $78 a barrel as Israel and Iran exchanged missile attacks.

Events

3 d. ago Fact Focus: Israeli strikes on Iran nuclear sites pose limited radiation risks

Israel is intensifying its attacks on Iran’s nuclear program, and President Donald Trump has hinted the U.S. might join the effort

Events

4 d. ago UK's central bank set to keep interest rates on hold amid Middle East uncertainties

The Bank of England is set to keep interest rates on hold as fears grow that the conflict between Israel and Iran will escalate to involve the United States and send oil prices soaring and push U.K. inflation further above target

Politics