‘It’s a twilight zone’: Iran war casts deep shadows over IMF gathering in Washington
Rachel Reeves joins global finance chiefs in highlighting how households and businesses are feeling the pain of higher energy prices
Australia ‘prepared to provide assistance’ in the strait of Hormuz, PM says, as ‘fragile’ opening expected to ease fuel prices
Anthony Albanese was in meeting of 49 countries to discuss key shipping route when news broke that Iran was reopening strait
Iron will: Australia’s richest person counts the cost as court orders she share mining millions with rival family
Gina Rinehart, who’s been called Australia’s ‘female Donald Trump’, has long fought claims from the family of her father’s business partner – as well as her own children
Air Canada temporarily suspends some flights to New York and other locations
Separately, Spirit Airlines reportedly seeks emergency US government funds as Iran war keeps aviation fuel costs high
Rachel Reeves to raise windfall tax on low-carbon electricity generators
Chancellor aims to curb households’ rising bills as she consults on reforms to weaken link between gas and electricity prices
Oil price drops below $90 a barrel after Iran says strait of Hormuz is open
Gas price also falls and markets rise amid hopes Donald Trump will succeed in reaching deal with Tehran
Questions raised over whether £3.8m government grant awarded to Wrexham AFC was lawful
Exclusive: The club, owned by Hollywood stars Ryan Reynolds and Rob Mac, received the grant without a contract or final state aid assessment in place
Oil tumbles 10% and stock markets rally as Iran declares strait of Hormuz ‘completely open’ – as it happened
Rolling coverage of the latest economic and financial news, as Brent crude tumbles below $90 a barrel
Average new UK electric car price is now lower than petrol vehicles
Autotrader says average EV cost is £785 cheaper, in an important milestone in the move away from fossil fuels
UK’s OnlyFans tops $3bn valuation amid talks to sell stake to US investor
Adult video platform to sell minority stake to increase stability after death of its owner Leonid Radvinsky
Employees at first ever Starbucks store seek to unionize amid fight for contract
Store opened in 1971 in Seattle’s Pike Place Market joins growing unionization campaign across the coffee chain
Richard Desmond loses £1.3bn damages battle over national lottery licence
Media tycoon vows to appeal after dismissal of action against Gambling Commission for awarding Allwyn the franchise
Finance leaders warn over Mythos as UK banks prepare to use powerful Anthropic AI tool
Release of new Claude model, so far limited to US firms, will expand to British institutions in coming days
Netflix co-founder Reed Hastings to leave streaming service
Chair’s decision to not seek re-election ‘not as a result of any disagreement’, company says in filing
Cuts to overseas aid will worsen shocks to global economy, David Miliband says
Exclusive: Former UK foreign secretary says poor and rich countries alike will be hit amid humanitarian crisis sparked by Iran war