Holidays take a hit as UK cost of living fears and Iran war bite
Consumer spending on travel is down for the first time in five years while card spending edges up in March
Oil price dips below $100 a barrel after Trump claims Iran wants deal
US president’s previous threat to block strait of Hormuz had led to a 6.9% increase in earlier trading
Oil price tops $100 a barrel as US blockades strait of Hormuz; Goldman Sachs posts rise in profits – as it happened
Rolling coverage of the latest economic and financial news
Iran war could plunge 32 million into poverty, says United Nations
‘Development in reverse’ taking place involving rising energy and food costs and weaker economic growth
Bernie Sanders warns ‘worst is yet to come’ in rallying cry against billionaires
US senator appears at Manhattan rally alongside New York City mayor Zohran Mamdani, who cautioned that AI is ‘coming for human jobs’
Collapse of US-Iran talks heightens fears of prolonged energy shock
Oil prices and borrowing costs are expected to rise this week as tankers remain stranded in the Gulf
Trump’s new budget ignores dying Americans and gives away record sums to the US military
President’s proposed budget slashes health department by 12% while throwing $1.5tn – a 42% increase – to the military
Task for the week: limit the fallout from biggest oil shock in decades
As World Bank and IMF chiefs gather in Washington, the Iran war is driving up energy prices, fuelling inflation and testing voters’ patience
US inflation soars in March as war on Iran drives economy into uncertainty
Prices were up 3.3% over the year, adding to the unpredictability that first came with Trump tariffs
Head of IMF says Iran war will permanently scar global economy even if peace is reached
Kristalina Georgieva says even ‘most hopeful scenario’ will lead to growth downgrade and cause permanent hit to living standards
Ceasefire brings relief to financial markets – but it is far from absolute
Situation still volatile as Tehran and Washington issue conflicting messages about opening of Hormuz channel
Will shipping in the strait of Hormuz – and oil prices – return to normal?
Analysts say doubts over stability of the ceasefire and damage to production sites mean the energy crisis is far from over
Is Australia headed for a recession? I hope not – but the RBA should be more worried
In backing down on his threats to destroy Iranian civilisation, Donald Trump has lessened concerns of a recession in Australia – at least for now
UK interest rate predictions fall as US and Iran agree two-week ceasefire
Markets now forecast one rate rise this year, down from two on Tuesday, although mortgage rates may not fall quickly
Oil and gas crisis from Iran war worse than 1973, 1979 and 2022 together, says IEA
Oil prices swing and stock markets tense on approach to Trump’s deadline for Iran to reopen strait of Hormuz