Price
Oil price shock likely to ‘push the UK economy into recession’ after GDP stagnates in January – business live
Oil price shock likely to 'push the UK economy into recession'The oil price shock hitting the global economy could push the UK into recession, Tomasz Wieladek, chief European macro...
Pentagon tells lawmakers Iran war costs top $11.3bn – but true price unknown
Pentagon officials told top lawmakers in a closed-door briefing on Tuesday that the cost of the war against Iran has already exceeded $11.3bn in its first six days, but...
Stagflation fears rise as escalating Iranian war drives up oil price again – business live
Introduction: Oil crisis risks 'broader stagflationary shock' as Brent hits $100 againGood morning and welcome to our rolling coverage of business, the financial markets and the world economy.Hopes that...
IEA reportedly proposes largest release of stockpiled oil to reduce crude price
The International Energy Agency is reportedly proposing the largest release of oil reserves in its history to bring down crude prices that have soared during the US and Israel’s...
G7 to discuss release of emergency oil reserves as price tops $100
G7 finance ministers are preparing to discuss the release of emergency oil reserves, according to reports, after the US-Israel war with Iran sent the price of crude above $100...
Iran war drives oil price above $100 a barrel for first time since 2022
Global oil prices surged past $100 (£74, AU$142) a barrel mark for the first time since 2022 as escalating military aggression in the Middle East continues to wipe 20m...
Oil price heading for biggest weekly gain in four years, as strait of Hormuz traffic grinds to a halt – business live
Introduction: Oil heading for biggest weekly gain in four yearsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.The oil price is...
‘A big burden for farmers’: Gulf shipping crisis threatens food price shock
The global fertiliser supply chain could face significant disruption if the effective closure by Iran of the strait of Hormuz persists, prompting concerns from analysts about crop production and...
