Oil tumbles and UK’s FTSE 100 posts biggest daily rise in a year on hopes Middle East war will end soon – as it happened Brent crude prices have fallen sharply, while the FTSE 100 is up 1.8% and government bonds are rallying
Oil price falls and markets rally after Trump says Iran war over in ‘two to three weeks’ US president’s claim that conflict is nearing end prompts 15% drop in Brent crude and stock market climb in Asia
Iran war may increase mortgage payments for extra 1.3m households, says Bank of England Financial policy committee predicts ‘Trumpflation’ rises, as average two-year fixed rate hits 5.84%
Energy crisis: why ‘keep calm but cut down’ may be a better message for Labour Government keen to avoid panic as oil price surges, but perhaps households need advice on reducing consumption
US average fuel price passes $4 a gallon for first time in four years amid Iran war Stocks rally after reports suggest Trump might end the war soon, saying ‘we’re not going to be there for too much longer’
Jim Chalmers claims removing card surcharges will ease cost-of-living pressures. But will you be better off? The reforms announced by the Reserve Bank on Tuesday will have ripple effects across the whole payments system, experts say
Families hardest hit by energy crisis could be given funds dispensed by councils in England As Iran war continues, ministers debate several options for extending support to households
Pessimism takes root in UK as shoppers struggle to afford essentials Millions are dipping into savings or borrowing to get by as the Iran war drives up prices, survey shows
Who are the Houthis – explained in 30 seconds Yemeni militant group is ally of Iran and has previously caused huge disruption to global trade through attacks on Red Sea shipping
Oil on track for record monthly surge as Iran war disrupts markets Brent crude jumps 51% since start of March and gold suffers fifth-largest monthly fall in 50 years
War in Iran erodes the chancellor’s headroom and exposes the UK’s fragility Rachel Reeves boasts of the £23bn she has built up against her fiscal rules but now she – or any future steward of the economy – has little space to manoeuvre
US treasury department demands retraction of story on increased oversight of Federal Reserve Treasury department said Financial Times article about Scott Bessent’s views on Fed oversight was ‘manufactured’
US stock market caps off fifth consecutive week of closing down Dow fell 800 points as oil prices continue to climb, and markets are still on edge despite US pause on Iranian energy strikes
Wall Street hits six-month low and Dow falls into correction as Trump ‘appears to lose his grip on markets’ – as it happened Rolling coverage of the latest economic and financial news, as Brent crude trades over $110 a barrel for first time since Monday
UK government borrowing costs hit 5% as Iran war fuels bond market sell-off Yields on 10-year debt reach highest since the 2008 financial crisis, raising concerns of faster interest rate rises