Oil price tops $126 a barrel after Trump warns Iran blockade could last ‘months’
Markets spooked as US president appears willing to keep up naval blockade and Iran keeps strait of Hormuz all but shut
Iran supreme leader issues defiant statement on strait of Hormuz
Mojtaba Khamenei says Tehran will eliminate ‘enemy’s abuses of the waterway’ and guard its nuclear and missile programmes
US economic growth rebounds 2% as consumer spending slows amid Iran war
First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fears
Eurozone inflation soars to 3% as Iran war drives up energy prices
ECB keeps interest rates on hold as growth stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February
Financial Times journalists in dispute with management over plans for office days
FT branch of NUJ say there is not ‘compelling case’ for mandate for editorial staff to be in office four days a week
Why Bank kept interest rates on hold despite message for UK to brace itself for Trumpflation
The reasons are hardly comforting, pointing to the weakness of a battered economy in the face of this latest crisis
Tell us: how will cuts to paid parental leave in the US affect you?
Some companies are scaling back paid parental leave. We would like to hear from people affected by this
‘Historic breakthrough’: Colombia climate talks end with hopes raised for fossil fuel phaseout
Nearly 60 countries back voluntary roadmaps to wean world off coal, oil and gas, at conference prompted by frustration with UN climate summits
Air France-KLM cuts capacity growth forecast amid expected $2.4bn fuel bill rise
Move comes as airline industry reacts to uncertainty over Iran war and increase in price of Brent crude
Last Beefeater and Brewers Fayre restaurants to close, with loss of 3,800 jobs, Premier Inn owner says
Whitbread to call time on restaurants in UK and Ireland blaming higher costs and taxes for latest strategic reset
‘Nightmare’ queues and missed flights: a turbulent start to EU entry-exit system
Some travellers spent hours in lines at airport, with kiosks not working, little seating and few staff on hand to help
Why is Britain’s economy so stuck? It’s the tension between what voters want and what the bond markets allow
There is no such thing as the Bond Dealers party, but there might as well be – the people who trade in UK debt exert a stranglehold over our politics, says Guardian columnist Larry Elliott
Revealed: British ad firm’s billion-dollar greenwash of US oil industry
London-based WPP accused of breaching climate policy after report reveals firm linked to twice as much oil advertising as US rivals
Rising costs forcing 3m UK households to skip meals, Which? report finds
Consumer insight tracker shows 85% are worried about food prices and a majority think the economy will deteriorate
Massive profits already earned by property investors to be shielded from Chalmers’ CGT changes
Treasurer tells Commonwealth Bank podcast that he aims to ‘recognise the decisions that people have taken in the past’