Oil price jumps as US-Iran clashes raise odds of interest rate rises
Energy prices later stabilise after Trump abandons plan for 20% levy on traffic through strait of Hormuz
China’s monthly car exports top 1m for first time as overall trade soars
Country risks new tariffs from US and EU as it looks likely to match or beat last year’s record surplus of $1tn
UK’s alcohol-free beer boom threatened by official definition, trade body warns
BBPA wants guidelines for beer to be classed as non-alcoholic to be changed from 0.05% to 0.5%
US refunds $81bn in Trump tariffs after supreme court ruled them illegal
Government has been forced to pay back duties to companies that imported goods into the US that were hit by Trump’s tariffs
EasyJet Holidays’ ‘spa’ resort was lacking an on-site spa or gym
We booked the £1,070-a-week retreat because of the facilities, but when we got there they were a round-trip away
North Sea oil industry urges Burnham to approve new drilling in UK waters
Lobby appeals to prospective PM’s reindustrialisation agenda as it pushes for Rosebank and Jackdaw approval
World Cup and sunshine prompt UK consumers to splash out on beer and online shopping
Despite spending increase in June, Barclays says most people still pessimistic about economy
Lawyers to investigate claims of GB power grid cover-up over blackout risk
Operator brings in independent legal firm to look into whistleblower allegations relating to June heatwave
US state attorneys general file lawsuit in effort to block Paramount merger
Bipartisan group argue in lawsuit that $110bn merger would hurt competition and lead to thousands of job losses
Lancashire chemicals factory facing potential legal claim announces closure
More than 90 residents have expressed interest in contamination claim against AGC Chemicals Europe
The Guardian view on Volkswagen’s crisis: another wake-up call for Germany and the EU
Editorial: Robust action is needed to protect European industries from unfair competition. The alternative is social strife amid growing insecurity
US justice department investigating UAW president over corruption allegations
Shawn Fain calls allegations ‘bogus’ and says attorney holds a ‘grudge’ against him over union’s ‘anti-war stance’ on Gaza
Oil prices leap and stocks fall as Trump reinstates Hormuz blockade on Iranian shipping
Brent crude rises 5% after US president says 20% toll will be imposed on key trade route to cover ‘safety and security’
JP Morgan boss pressed by US senator about contact with Jeffrey Epstein
Elizabeth Warren asks Jamie Dimon if he was advised to ‘mildly threaten’ UK chancellor over tax on bankers’ bonuses
Oil price jumps 3% and UK pump prices rise as the US and Iran trade attacks – as it happened
Brent crude remains below $80 a barrel; European shares push cautiously higher while Asian shares tumble with South Korea’s Kospi down nearly 10%