58 m. ago Oil price falls back as flow of crude through Strait of Hormuz unaffected

Traders have shrugged off escalation of Israel-Iran conflict amid lack of disruption to exports from region

Politics

5 h. ago Markets stabilise as investors fear ‘adverse shock’ from higher oil prices – business live

Rolling coverage of the latest economic and financial newsOver at the Paris Air Show, a row has broken out after four Israeli company stands at the trade fair were shut down.According to Reuters, French authorities ordered that the four stands should be closed for “displaying offensive weapons”, after not complying with an order from a French security agency to remove offensive or kinetic weapons from the stands.“This outrageous and unprecedented decision reeks of policy-driven and commercial considerations.“The French are hiding behind supposedly political considerations to exclude Israeli offensive weapons from an international exhibition - weapons that compete with French industries.” Continue reading...

Economics

7 h. ago Will a spike in oil price mean I pay more for my flight or holiday?

Tour operators can add 8% to the cost of a package – but they must show their working

Economics

8 h. ago Business news live: BP share price continues rise as FTSE opens higher with investors cautious over Israel

Stock market reaction and business news from Monday

Economics

8 h. ago Oil price rise risks ‘adverse shock’ to global economy – business live

Rolling coverage of the latest economic and financial newsThe FTSE 250 index of medium-sized companies is also rising this morning, up 38 points (+0.2%) at 21,212 points.Lender Metro Bank are the top riser, up 8.5%, after the Sunday Times reported that it had received a takeover approach from Pollen Street Capital. Continue reading...

Economics

31 h. ago Luxurious Nuxe body oil now under £2 in beauty deal that saves you over £80

This latest beauty edit features a gorgeous selection of glow-boosting products, including a bottle of cult classic Nuxe Huile Prodigieuse Or oil for a fraction of its usual price

Economics

38 h. ago Ukraine war briefing: Putin tells Trump in phone call Moscow ready to resume peace talks

President confirms Russia could continue negotiations with Kyiv after current prisoner swaps end; Zelenskyy warns oil price surge could help Russia’s war effort. What we know on day 1,208 Continue reading...

Politics

44 h. ago Leaders at G7 summit need to challenge Trump without ganging up on him

America’s allies fear US policy is risking a global recession but they have to take care not to alienate the presidentThe G7 summit in Kananaskis, Canada is likely to be dominated by efforts to persuade Donald Trump to dilute an America-first strategy, which world leaders fear may put the global economy into recession, and entrench the war in Gaza, Ukraine and Iran – three conflicts Trump once promised to solve.The summit represents the first collective opportunity for western leaders to challenge Trump with the consequences of his unilateralism, but with the world on a knife-edge, the six leaders cannot risk being seen to gang up on him and spark a presidential explosion. Continue reading...

Politics

51 h. ago Zelenskyy warns oil price surge could help Russia's war effort

Ukrainian President Volodymyr Zelenskyy says rising global oil prices following Israeli strikes on Iran will strengthen Russia by increasing its oil revenues, aiding its war effort in Ukraine

Events

2 d. ago Oil and gold prices soar and stock markets fall after Israel’s attacks on Iran

Brent crude hits highest level since April while airline shares slide amid escalation of conflict in Middle EastThe price of oil and gold has soared and stock markets have fallen after Israel’s strikes against targets in Iran.The escalation of the conflict in the Middle East, the focal point of global oil production, prompted a sharp increase in wholesale prices. Brent crude surged by more than 7% after news of the attacks broke, briefly moving above $75 (£55) a barrel to its highest level since April. Continue reading...

Politics

2 d. ago Voices: What is the cost to the economy of Israel’s attack on Iran?

Oil prices jumped on the news of the extraordinary attacks, posing the risk of inflation, while gold surged and share prices fell. So far, so familiar, writes James Moore – but there’s a reason investors should hold their nerves

Politics

3 d. ago Middle East upheaval comes at a bad time for the global economy

This latest instability is stagflationary and may add to the erosion of the US-led economic order

Politics

3 d. ago Business news live: Oil prices surge at highest rate in years amid Israel

Stock market reaction and business news for Friday

Politics

3 d. ago Oil surges after Israel’s attack on Iran, risking ‘stagflationary shock’ – business live

Rolling coverage of the latest economic and financial newsIsrael launches strikes on ‘dozens’ of targets in Iran, targeting nuclear programmeBudget airline Wizz, whose shares are down almost 5% today, says it has suspended flights to Tel Aviv and re-routed flights affected by closed airspace in the region for the next 72 hours.The jump in the oil price today, following Israel’s attack on Iran, is a “bad shock for the global economy at a bad time”.For the average consumer, they will be looking at more income uncertainty. They will be looking at higher petrol prices, and in the UK, they’re probably looking now at higher risk of taxation in October.So whatever way you look at it, it’s negative short term, it’s negative longer term. Continue reading...

Events

3 d. ago Business news live: Oil prices surge after Israel attacks Iran, FTSE 100 falls after all time high

Stock market reaction and business news for Friday

Politics

3 d. ago Business news live: Oil prices surge after Israel attacks Iran, FTSE 100 drops after all time high

Stock market reaction and business news for Friday

Politics

3 d. ago Oil surges after Israel’s attack on Iran, as markets slide – business live

Rolling coverage of the latest economic and financial newsIsrael launches strikes on ‘dozens’ of targets in Iran, targeting nuclear programmeEuropean stock markets have joined the global selloff, as the overnight escalation in the Middle East has triggered a wave of risk-off sentiment.Here’s now the main indices have fallen:Germany’s DAX: -1.35%France’s CAC: -1.2%Italy’s FTSE MIB: -1.45%Spain’s IBEX: -1.55%This alarming escalation in the Middle East has likely caught many investors off guard. Those who have been looking for an opportunity to sell stocks and take profits are now becoming active. It seems the DAX has seen its yearly high from just over a week ago for the time being.Oil prices are skyrocketing as fears grow not only regarding the disruption of Iran’s recent strengthened oil exports but also the potential targeting of other oil production facilities in the region, should this conflict escalate further. Additionally, the transportation of oil through the Strait of Hormuz...

Politics

3 d. ago UK’s FTSE 100 share index hits record closing high despite economy shrinking in April – business live

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped.. but FTSE 100 ends at new record closeFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, t...

Economics

3 d. ago Trump reacts to criticism of mass deportations from business leaders – live

US president promises changes after industry chiefs complain about losing farm and hospitality workers but is cryptic about details A woman defiantly dances near police officers as protesters continue to march and chant in an approximately one-square mile area of downtown Los Angeles in response to a series of immigration raids.Nerves are frayed in Los Angeles, as the second largest city in the US is flooded with more than 2,000 federal troops tasked with protecting immigration enforcement officials after thousands of people hit the streets to protest deportation raids. Continue reading...

Politics

4 d. ago Business news live: Boeing shares sink after India crash and Poundland sold for £1

Stock market reaction and business news for Thursday

Economics