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’

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

Donald Trump’s ‘little excursion’ is likely to have long-term effects, from oil prices to inflation to growth, say experts

Insurers at Lloyd’s of London say cover is available at a price, while merchants view the danger level as too high

Attacks on facilities by both sides in the conflict this week threaten grave consequences for the global economy

Iran war and its impact on energy and fertiliser costs is the main risk to the global economy, report says

Head of world’s energy watchdog says it will take time for markets to recover from ongoing crisis in strait of Hormuz

Food production in many African countries depends heavily on fertiliser imported from the Gulf through the strait of Hormuz

Oil could pass 2008 record of $147.50 a barrel as damage and field closures risk compounding supply shock caused by Iran war

Figures from thinktank show Russia received extra €672m in revenues from oil, gas and coal during March so far

Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices

Saudi Arabian state oil firm calls crisis by far the biggest but company can reroute 70% of exports via its east-west pipeline

Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands

Family-run farms in El Salvador and Honduras face mounting losses, rising costs – and the need to adapt or be left behind

Crude prices could surpass their 2008 record, with potentially dire effects for consumers and businesses