US lifts sanctions on Iranian oil at sea in bid to ease supply pressures

Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefit

US stock markets dip for fourth straight week over US-Israel war on Iran

Markets seem particularly attuned to increasing oil prices, with S&P 500 and Nasdaq down 1.5% and 2% respectively

Lowering speed limits among contingency plans to curb UK oil demand

International Energy Agency recommends emergency measures, including working from home, as Iran war hits fuel supply

FTSE 100 loses all its 2026 gains as Middle East conflict hits shares, and UK borrowing costs reach highest since 2008 – as it happened

Money markets predict three quarter-point rises in UK interest rates this year, due to inflation shock from higher oil and gas prices

Labour dismisses Reform UK MSP candidates as ‘hopeless Tory rejects and oddballs’ as one is suspended – as it happened

Stuart Niven suspended after revelations he was struck off as company director, while other candidates have been accused of extremist statements including describing Humza Yousaf as ‘not British’

FCA investigates collapsed lender MFS amid £1.3bn mortgage scandal

Move follows the granting of a worldwide asset-freezing order on company’s founder, Paresh Raja

UK borrowing costs hit highest since 2008 as markets expect up to three interest rate rises

Deficit rises unexpectedly to £14.3bn in February as stock markets slide amid fears that Iran war will escalate

CBS News begins new major round of layoffs: ‘This is really hard and really tough’

CBS News Radio to shutter after nearly 100 years as editor Bari Weiss tells staff cuts were ‘necessary’ decision

Starmer’s ministers look at new economic blueprint to quell voter anger

Devolution of tax powers to mayors, scrapping of national insurance and property tax overhaul on report’s menu

Household energy bills in Great Britain ‘could rise to almost £2,000 a year’ amid Iran war shock

Consultancy forecasts typical £1,972 annual dual fuel bill as conflict pushes UK’s gas market past three-year highs

‘Huge build-up of risk’: London’s centuries-old shipping industry wrestles with Iran war

Insurers at Lloyd’s of London say cover is available at a price, while merchants view the danger level as too high

Fuel spikes, flight delays and storms threaten US spring break travel

Record 171 million passengers are expected to fly this spring, even as TSA funding lapse risks longer airport lines

‘It’s not sustainable’: US farmers reeling as Iran war pushes fertilizer costs up

Closure of strait of Hormuz – a key fertilizer production and transportation route – has squeezed farmers as prices jump

IRS glitch masked $51m in political donations, finance watchdog says

Exclusive: Error in second half of 2025 came after IRS saw over a quarter of its workforce reduced after huge cuts by Doge

JP Morgan Chase to use computer estimates to monitor hours worked by junior bankers

Company says tool to compare self-reported hours with computer estimates is for ‘awareness, not enforcement’