UK, Germany and Italy ‘working together’ to navigate commercial shipping through strait of Hormuz – as it happened Rolling coverage of the latest economic and financial news
Trump’s re-election may have helped Albanese – but the US war in Iran is creating economic conundrums Resurgent inflation, already a factor before the Middle East conflict, now risks intensifying, creating a problem for the prime minister
Cathay Pacific offers £20,000 Sydney-London flight amid disruption in Gulf Hong Kong-based airline has business-class return listed at A$39,577, as travellers look for route avoiding Middle East
Crispin Odey was described as ‘sex pest’ by head of his hedge fund, court hears Multimillionaire begins case against FCA ban over handling of investigation into sexual misconduct claims
VW to cut 50,000 jobs by 2030 amid Trump tariffs and falling Chinese sales Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands
‘Everyone feels like they are being scammed’: can Central America’s small coffee growers survive as global prices fall? Family-run farms in El Salvador and Honduras face mounting losses, rising costs – and the need to adapt or be left behind
Trump’s ‘free flow of energy’ vow fails to restart shipping in strait of Hormuz Only two vessels not linked to Iran or Russia have braved ‘chicken run’ since US president’s promise on Friday
Iran war could knock UK homebuyer confidence, says builder Persimmon Growing fears that elevated interest rates will continue, as Barclays finds worries that war will push up inflation
Scrapping North Sea windfall tax would not reduce UK energy bills, say experts Rachel Reeves said to be considering levy cuts for oil and gas firms, but economists say this would just fatten profits
Oil prices fall and stocks rebound after Trump says Iran war could end ‘very soon’ FTSE 100 opens higher and European markets rise as US president describes conflict as ‘very complete’
Millions in England to pay higher water bills after suppliers appeal Anglian, Southern, Wessex and South East allowed to raise charges more than originally permitted by watchdog
‘Vicious cycle’: panic buying is biggest risk to Australia’s petrol supplies, experts say Government and motoring groups say there is no shortage of fuel supplies but stockpiling has left country service stations running dry, as Iran war sparks oil price fears
Qantas hikes international air fares citing volatile oil prices from war in Middle East Airline reports spike in ticket sales to Europe in March, as passengers with carriers affected by flight chaos rebook
Ryanair insists we failed to board a phantom flight Airline has refused refund after our flight was diverted because of bad weather and we were left on the plane for six hours
UK households that use heating oil face ‘frightening’ surge in bills over Iran war Chancellor raises prospect of help after prices almost treble since start of conflict