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A gas shock – not an oil shock – from the Iran war looks more threatening

Europe and Asia will take an economic hit if the supply of Qatari LNG is halted by the closure of the strait of Hormuz

Maritime insurers cancel war risk cover in Gulf as Iran conflict disrupts shipping

Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surging

Gas prices soar and oil jumps as Iran war pushes down global stock markets

QatarEnergy says it has halted production of liquefied natural gas after attacks on Ras Laffan and Mesaieed sites

UK house prices rise in February as chancellor avoids ‘negative speculation’

Rachel Reeves’s upcoming spring forecast has not led to slowdown, as property tax rumours did in November

What disrupting the strait of Hormuz could mean for global cost-of-living pressures

The narrow shipping route on Iran’s southern border carries one-fifth of global seaborne crude oil, one-fifth of LNG shipments and one-third of the most widely used fertiliser

Middle East crisis pushes up oil prices – and could drive inflation rises too

Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growth

Most senior council officers in England say building work hit by delays

Funding uncertainty is main concern, despite Labour’s pledge to revitalise construction, survey shows

OBR a backseat driver with out-of-date maps, thinktanks tell Rachel Reeves

Chancellor urged to reform Office for Budget Responsibility to open way to more public investment

Why does admitting you’re ambitious feel so wrong for gen Xers like me?

In the 90s, we internalised an ideal of cool that appeared nonchalant and effortless. Now, young people are unafraid to say they want something and are going to work hard to get it, writes Emma Beddington

Boring or bust: Reeves aims to project calm competence in spring forecast

After 18 months of policy U-turns and political turmoil we are told not to expect any last-minute policy rabbits

Trump’s Iran strikes accelerate the world’s drift from dollar dominance

Aggression feeds a sense that the US is operating outside global norms and helps to fuel a more complex currency outlook

Dissatisfaction with life in UK unchanged since Covid, official data shows

Average life satisfaction still below pre-pandemic peak despite improving economic outlook, reports ONS

Boss of World Economic Forum quits after links to Epstein revealed

Børge Brende admitted dining with the convicted sex offender on three occasions between 2018 and 2019

World Economic Forum CEO quits after Epstein links examined; Ineos Quattro earnings fall – as it happened

Rolling coverage of the latest economic and financial news

Tell us: how are your finances looking ahead of the spring forecast?

We want to hear how people across the UK are managing their money as Rachel Reeves prepares to set out the latest economic outlook

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  • Greggs announces plans to shut four UK factories that could cost 740 jobs
  • Super-rich UK energy and food magnates’ wealth skyrockets amid global crises
  • Poundland management in talks to lead bid that could save 11,000 jobs
  • Energy bills in Great Britain forecast to jump by £276 a year from January
  • Inflation leaps to 4% stoking fears of fifth interest rate hike before Christmas
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  • Give BrewDog ‘second chance’ says new owner as it invests £50m
  • Burnham’s electricity grid idea is interesting – but it’s not ‘public control’
  • Burnham has a clear vision for Britain – but not for how it fits into a troubled world
  • Barclays softens return-to-office plans for UK staff after backlash
  • Jonathan Anderson mixes Austen romance with chic streetware in Dior’s Paris show
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  • Soho House launches investigation after out-of-date food mislabelled in kitchen

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