Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soon

Saudi Arabian state oil firm calls crisis by far the biggest but company can reroute 70% of exports via its east-west pipeline

UK junk food ad ban so diluted it may be largely ineffective, experts say

Exclusive: Report suggests only 1% of annual spend on food and drink adverts will be affected after industry lobbying

The FCA should bring in new rules to protect investment trusts from overaggressive activist investors trying to take control

Government’s economic watchdog believes pressure on energy prices could push rate close to 3% by end of 2026

Prospect of Trump easing US sanctions on Russian oil is a nightmare for the bloc as nations work out how to respond

UK’s GSK is leading the way in research but AstraZeneca is not involved in the area, report finds

Union opposed to London Underground pushing ahead with four-day week plan

Justice secretary says changes designed to reduce courts backlog will benefit remand rates

Rolling coverage of the latest economic and financial news

Resurgent inflation, already a factor before the Middle East conflict, now risks intensifying, creating a problem for the prime minister

Hong Kong-based airline has business-class return listed at A$39,577, as travellers look for route avoiding Middle East

Multimillionaire begins case against FCA ban over handling of investigation into sexual misconduct claims

Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands

Family-run farms in El Salvador and Honduras face mounting losses, rising costs – and the need to adapt or be left behind

Only two vessels not linked to Iran or Russia have braved ‘chicken run’ since US president’s promise on Friday