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
‘Trumpflation’: how the Iran war’s economic storm could affect Britons Yet another cost of living crisis looms with fuel, food, holiday, energy and home loan prices expected to rise
‘The stakes are enormous’: how a prolonged Iran war could shock the global economy Donald Trump’s ‘little excursion’ is likely to have long-term effects, from oil prices to inflation to growth, say experts
Trump’s economic shocks are derailing Britain’s building plans With major developments collapsing, pressure is growing on councils to concede on affordable housing and public amenities
‘It’s come at the wrong time’: how Iran war has floored the Gulf as a sports hub Conflict has not only hit sporting calendar but laid bare weakness in plans for diversifying economies through sport
Lowering speed limits among contingency plans to curb UK oil demand International Energy Agency recommends emergency measures, including working from home, as Iran war hits fuel supply
FTSE 100 loses all its 2026 gains as Middle East conflict hits shares, and UK borrowing costs reach highest since 2008 – as it happened Money markets predict three quarter-point rises in UK interest rates this year, due to inflation shock from higher oil and gas prices