Oil prices fall as US pauses strikes on Iran over strait of Hormuz

Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall

Rising oil prices could force up UK interest rates, say economists

Bank of England expected to keep rates on hold on Thursday but renewed Iran conflict casts shadow over energy costs

Gary Stevenson to quit YouTube channel, citing health concerns

Former City trader’s weekly Gary’s Economics videos took off during the Covid pandemic

‘Burnham bounce’ risks deflating unless focus remains on struggling households

UK’s inequalities expose splits in consumer economy, with spending suffering and a decline in savings among the poorest

Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree?

Sanae Takaichi’s blueprint to inject £1.7tn and double economic growth leaves many investors fearful

Australian households face prospect of interest rate hike and petrol prices rising above $2 a litre

Economists’ warning comes as escalating Middle East crisis pushes global crude oil back above $US100 a barrel

Trump imposes fresh tariffs on UK, EU and dozens of other trading partners

New tariffs will replace 10% global duty and come after US supreme court declared many of the earlier levies illegal

Oil prices near $100 a barrel after US attacks Iran and Houthis hit tankers in Red Sea – as it happened

Live, rolling coverage of business, economics and financial markets as traders fear attacks from Yemen and Iran creating ‘two-chokepoint problem’

Think you have a handle on how Australia’s economy works? Take the RBA’s quiz and find out

The Reserve Bank wants Australians to understand how its interest rate decisions affect inflation, employment and growth

UK inflation falls by more than expected to 2.6% in lift for Andy Burnham

Annual June figure comes after new PM pledges to reduce cost of living and improve economy

RBA now twice as likely to hike interest rates as US-Iran war drives fuel prices higher

Experts warn global energy market at a ‘critical juncture’ with escalating Middle East crisis expected to further drag on a slowing Australian economy

Oil price rises above $90 as US and Iran exchange fire and Houthis threaten naval blockade in Saudi Arabia – as it happened

Rolling coverage of the latest economic and financial news

UK borrows less than expected as Healey vows to ‘buffer against uncertainty’

Figure of £16bn from ONS comes after Andy Burnham revealed plans to cut VAT on electricity bills

UK employers cut job vacancies as Burnham aims to lift living standards

Unemployment holds steady at 4.9%, underlining the challenge facing the new prime minister

JP Morgan boss warns of ‘consequences’ if Burnham taxes banks

Higher taxes on sector could threaten plan for £3bn headquarters in London, says Jamie Dimon