Why has the Iran war sparked fears of stagflation for the global economy? Conflict in the Middle East risks knocking growth worldwide and boosting prices, economists warn, amid global market turbulence
US stock markets close on high after Iran war drove oil prices above $100 a barrel Markets settled after Trump claimed US-Israel war with Iran is ‘very complete’, bringing oil prices down to $85 a barrel
UK inflation likely to rise because of Middle East war, says Rachel Reeves Chancellor says she is ready to help households with rising costs but stops short of setting out specific steps
We may not be running out of gas but we still need a serious strategic gas reserve While the set-up in Great Britain looks secure for now, the Iran war shows why more storage seems essential
Golf club firm owned by Trump’s sons merges with drone manufacturer Merger to take drone firm public is latest business move by Eric Trump and Donald Trump Jr as father is in White House
How high could oil prices go – and what might the global economic fallout be? Crude prices could surpass their 2008 record, with potentially dire effects for consumers and businesses
California gas prices rise above $5 a gallon amid US war with Iran West coast state’s average cost per gallon has climbed $0.55 since the conflict in Middle East began over a week ago
CBS News’s Scott MacFarlane leaves network: ‘I look forward to some independence’ Justice correspondent most known for his January 6 Capitol riot coverage is latest to quit Bari Weiss-led network
Rachel Reeves warns fuel retailers not to make ‘excess profits’ from oil crisis; G7 ‘stands ready’ to release crude reserves – as it happens Finance ministers from G7 countries resist pressure to release emergency oil stocks at video call today
Missing money, shipped chips and a 350,000% profit: key takeaways on AI ‘phantom investments’ A Guardian investigation has put the UK government’s AI plans under the microscope. Here are the key details
G7 ready to take ‘necessary measures’ over economic impact of Iran war Finance ministers monitoring situation but stop short of agreeing to release emergency oil reserves
Roman Abramovich ready to fight UK government over proceeds from £2.5bn Chelsea sale Russian oligarch says money is his to allocate despite international sanctions imposed on his assets
How will war in the Middle East affect your finances? Surging energy prices and tumbling stock markets are threatening a new UK cost of living crisis
Live Nation reaches surprise settlement with justice department in antitrust case Live Nation will pay $280m to states in lawsuit, and Ticketmaster will open parts of platform to rival companies
Yorkshire Water receives fresh funding despite sewage fines and pay row Private equity group EQT to take 42% stake as supplier faces scrutiny over environmental record and CEO’s pay