‘Doomsday scenario’: a visual guide to the oil and gas site attacks in the Middle East Attacks on facilities by both sides in the conflict this week threaten grave consequences for the global economy
Oil and gas prices jump after Iran and Israel attack gasfields State-run QatarEnergy says Iranian attack on its facilities has wiped out 17% of its LNG capacity for up to five years
Iran could be the US’s Boer war: a hollow victory that marks the beginning of the end of empire US leaders anticipated a walkover. Now they’re embroiled in a conflict that could hasten the end of US economic dominance, says Guardian columnist Larry Elliott
Prolonged high oil prices could ‘crimp’ AI boom, WTO warns Iran war and its impact on energy and fertiliser costs is the main risk to the global economy, report says
Middle East war: why tit-for-tat attacks on gasfields are a major escalation Strikes on South Pars and Ras Laffan are first time fossil fuel energy production facilities have been hit. Why is it significant?
Horizon IT scandal compensation scheme set up for families of victims Close relatives of affected post office operators will be able to make claim over harm scandal caused families
Europe’s biggest airlines say fuel price spike caused by Iran war will drive up fares Carriers warn they cannot hold off passing on costs for long, while some airlines plan to increase flights via Asia
BoE delivers message Britons don’t want to hear as inflation – and rates – look set to rise Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil prices
Bank of England holds interest rates at 3.75% and signals rise is possible within months Decision comes as concerns mount over economic fallout from Iran war bringing inflation shock
PwC partners who fail to embrace AI have no future at firm, US CEO warns Paul Griggs says senior staff at consulting firm who are not ‘paranoid about being AI-first’ are likely to be replaced
Buzz kill: US breweries shutter as fanfare over craft beers appears to fade Covid-related downturns and reductions in alcohol consumption have taken a toll on a once booming industry
BP to sell German oil refinery as part of $20bn cost-cutting plan Energy company plans full return to London by moving global HQ to new development on South Bank
UK pay growth sinks to five-year low as younger workers hit by hiring slowdown Unemployment holds steady, but Bank of England is unlikely to be convinced by ONS data to cut interest rates
What will happen now the £100 contactless card limit has been scrapped? Watchdog says banks will be able to respond to changing consumer demands, inflation and new technology
UK to cut climate aid to developing countries by 14% to £2bn a year in ‘refocus’ Move will put national security and lives overseas at risk, critics say, as overall UK aid budget is slashed to 0.3% of gross national income