Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz
Stock markets on both sides of Atlantic up as concerns ease over prospect of another inflationary shock
UK to halve tariff-free steel imports to counter glut of cheap Chinese metal
Duty on imports outside new quota will double in move echoing similar changes in EU limits
Trump hails Iran deal but conflict continues to cast long shadow over global economy
As the price of crude oil falls governments are counting the costs of the war in the Middle East
‘Mega-consumers’ of food and energy cost environment $5.7tn a year, study finds
Top 10% generate climate and biodiversity damage bill that exceeds economies of most countries, say researchers
Surprisingly benign UK inflation data signals a softer Iran war hit than feared
Impact of war on UK cost of living more muted than first forecast suggesting fuel price rises have failed to spill out more widely across UK plc
Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why
Just as the ‘poverty line’ determines what’s required for basic living, we need a ‘wealth line’ to show when extreme wealth becomes harmful, says economist and philosopher Ingrid Robeyns
Starmer vows new sanctions on Russia and nuclear energy support for Ukraine
G7 told ‘we will stand with Ukraine for as long as it takes’, with Russia’s finance networks and shadow fleet targeted
EU trade deficit with China reaches record €1bn a day, data shows
Import and export figures come as European leaders prepare to meet this week to address growing imbalance
Oil and gas unlikely to return to prewar prices for months even if Hormuz reopens
Markets welcome US-Iran peace deal but prices may stay high as buyers race to refill depleted emergency crude stockpiles
Macron frames Évian G7 agenda in hope Trump will stay for whole summit
US president left last meeting early, but world leaders aim to end Ukraine war and push for resolution in Gaza and Iran
How Brexit has made Britain poorer – in charts
Forecasters were wrong about an immediate recession but right that we would be worse off outside the EU
Global growth is slowing to lowest level since pandemic, says World Bank
Forecast for this year downgraded to 2.5% and inflation expected to jump as a result of war in the Middle East
Stock markets fall as concerns persist over tech firms at heart of AI boom
Drops follow sharp sell-off of US tech stock last week while oil prices seesaw after Iran and Israel exchange strikes
‘Immediate national priority’: ministers accused of complacency over UK food supply
Cold storage and logistics body warns food supplies at risk from fuel shortages, cyber attacks and extreme weather
UK to challenge EU over ‘devastating’ plans to almost halve tariff-free steel import quotas
Business secretary to meet European counterpart on Friday as EU industry leaders worry about retaliatory measures by UK