Oil prices plunge and stocks jump after Trump announces conditional ceasefire with Iran

Oil heads for biggest daily fall since pandemic as Iran says it will reopen strait of Hormuz under its management

Ceasefire brings relief to financial markets – but it is far from absolute

Situation still volatile as Tehran and Washington issue conflicting messages about opening of Hormuz channel

Analysts say doubts over stability of the ceasefire and damage to production sites mean the energy crisis is far from over

Record high set on Monday and raised on Tuesday, with 14.4GW of electricity generated in sunny spring weather

Jason Tarry sees salary increase by 21% in year to January, while fewer people are employed at John Lewis and Waitrose stores

Shop workers’ union Usdaw says 59% of its members in its annual survey said they would welcome more security guards in stores

Airline projected a $2bn increase in fuel costs this quarter amid volatility in oil markets sparked by the war

Analysts expect only limited increase in shipping as vessels will still need to seek Iranian permission to transit

Australian federal police say they are working with tiny nation to respond to threat of online scam centres

In backing down on his threats to destroy Iranian civilisation, Donald Trump has lessened concerns of a recession in Australia – at least for now

Earnings at renewable energy division expected to soar to between $200m and $700m in first quarter

Oil prices drop most since pandemic while gas prices slide 20%; government bond yields fall sharply as rate hike expectations recede

Former Channel 4 chair and boss of Kingfisher to be appointed at crucial time for UK’s media regulator

Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320m

Struggling pubs reel from rising business rates, wages and energy bills, with customers at limit of what they will pay