Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos

The US is recklessly spreading economic havoc among global friends and foes while suffering little harm itself

‘Doge of the left’ could save UK taxpayers up to £30bn, says new green thinktank

Report by Verdant says rooting out waste, fraud and tax avoidance would save money that could help improve public services

UK inflation held at 3% before global energy price hit from Iran war

February annual rate in line with expectations, but Food and Drink Federation fears it is ‘calm before storm’

We’re letting big corporations gamble with our lives. Act now, or the food could run out

The fragility of the global food system fills me with dread – and the war with Iran has exposed just how close to collapse it is, says Guardian columnist George Monbiot

Energy price shock and interest rate rises could cause ‘pronounced’ UK recession, economist warns – as it happened

Morgan Stanley warns that UK could fall into a recession at the turn of the year, if energy prices remain high and Bank of England hikes interest rates

What levers could Rachel Reeves pull to help with rising prices?

What the chancellor could do to counter the economic impacts of Iran war, from stopping price gouging to cancelling fuel duty rises

UK manufacturers hit by sharpest rise in cost inflation since Black Wednesday in 1992

PMI figure reveals impact on economy of rise in oil prices driven by Iran war

Dow Jones Industrial Average posts best day since early February as hopes of Middle East de-escalation lift markets – as it happened

Investors are piling back into shares after US president extends Iran’s deadline to reopen strait of Hormuz, sending oil price down

Stock markets swing and oil prices fall after Trump postpones strikes on Iran power plants

European shares start to rise after US president says talks have been ‘very good and productive’

Starmer says ‘every lever’ will be explored to ease rising costs of living from Iran conflict

PM will chair Cobra meeting with key ministers and Bank of England on Monday, as experts warn of economic shock

UK mortgage interest rates expected to rise despite Trump’s Iran pause

Bank of England likely to make two quarter-point increases amid sustained rise in inflation, investors believe

HS2 firm says new steel tariffs will ‘exacerbate’ cost pressures for UK construction industry

Doubling tariffs on imported steel will raise cost of the metal when Iran war is already inflating steel and concrete prices

Campaign groups rail against Palantir, but the UK contracts keep coming

AI analytics firm has become influential in Whitehall, and FCA deal gives it yet more access to data

‘The new ketchup’? How hummus spread beyond a niche into a British staple

News that chickpea dip is to join list of products used for UK inflation basket confirms its move into the mainstream

Energy shock talk grabs headlines but the Iran war is also driving the world towards a food crisis

Growers face soaring fertiliser and fuel costs as shipping choke point of the strait of Hormuz hits supply chains