Oil prices sink after Iranian strike on US airbase reduces fears of market disruption Crude oil prices dropped by 7% on hopes that the conflict would not immediately disrupt region’s oil supplies
Airlines pay the price as no-go airspace increases due to global conflicts US strikes on Iran are adding to the pressure on carriers, which are having to avoid war-torn regions, lengthening routes and pushing up costs
Lower electricity prices for industry are crucial, but the government’s plan lacks details Jonathan Reynolds’s new strategy looks more like a sketch of plan than a fully worked-up scheme for the sector
Vapes threaten to undo gains in tackling dangers of tobacco, health leaders warn WHO calls for higher cigarette taxes, plus graphic warnings on vapes, heated tobacco products and nicotine pouches
Étienne-Émile Baulieu obituary French doctor and biochemist who developed the abortion pill and socialised with artists and film stars
M&S fashion rivals ‘benefited from its pause on online orders after cyber-attack’ Marks & Spencer’s sales slumped, while Next, Zara and H&M experienced pickup, analysts say
Goldman Sachs warns Brent crude could hit $100 per barrel if strait of Hormuz is disrupted; oil dips as Trump demands lower prices – as it happened Rolling coverage of the latest economic and financial news
How an obscure consultancy firm is helping fracking companies influence traditional owners Exclusive: Leaked documents claim Good Advice promised private deals, gathered signatures and hired land council members to smooth way for Northern Territory gas sales
US strikes on Iran could damage global growth, says IMF chief Oil prices could rise if Iran goes ahead with threat to shut down shipping in the strait of Hormuz
Reeves calls for Middle East de-escalation amid oil price fears Government announces plan to cut firms’ electricity bills as part of launch of its industrial strategy
UK industrial strategy: the key points – and what’s missing? Plan to drive growth in eight sectors through measures such as trade support and cutting energy prices
Hugo Boss tells Liverpool owner of Boss Pets to take down company website Small business latest to be targeted by fashion house over use of word boss, slang for ‘great’ in Merseyside
Revolut CEO ‘could get multibillion-dollar windfall if its value passes $150bn’ Fintech firm’s founder Nik Storonsky has reportedly secured Elon Musk-style deal that would pay out in stages
OpenAI takes down mentions of Jony Ive’s io amid trademark row ChatGPT developer forced to act after receiving legal complaint from earbud maker iyO
‘Billionaires’ bonanza’: Labour derides Reform plan to offer tax exemptions to wealthy Nigel Farage defends policy to top up poorest workers from £250,000 ‘landing fee’ on rich UK newcomers