Oil prices climb after Trump dismisses Iran’s response to peace plan Brent crude rises after US president calls overture from Tehran ‘totally unacceptable’
‘Degree of complacency’: are supply chains prepared for impact of ongoing Iran war? The economic warnings are bleak, but full extent of shortages are still not felt for many European countries
Trump walks back threat to rip up part of EU trade deal but tells bloc to ratify by 4 July Trump sets Fourth of July deadline as he vents impatience at speed of EU’s implementation
Oil prices fall as Trump says strait of Hormuz ‘open to all’ if Iran accepts deal US president says war will end if Tehran agrees to deal, but that ‘bombing starts’ again if it does not
Cut borrowing costs for poorer countries to free up $900bn for development – report G77 nations spend $8tn a year servicing debts, but analysis shows how comprehensive relief could benefit social spending
Trump tears up part of EU tariff deal to raise import duties on cars and lorries US president says tariff on vehicles imported from EU will rise to 25% and accuses bloc of non-compliance
Hope is contagious and science is king: 10 big lessons on ending the fossil fuel era At world-first Santa Marta climate meeting, delegates say it was ‘euphoric’ to finally be focusing on concrete solutions
Could the UAE’s shock exit from Opec cause an oil price war? A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to come
Oil price tops $126 a barrel after Trump warns Iran blockade could last ‘months’ Markets spooked as US president appears willing to keep up naval blockade and Iran keeps strait of Hormuz all but shut
Eurozone inflation soars to 3% as Iran war drives up energy prices ECB keeps interest rates on hold as growth stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February
EU faces ‘China shock’ as EV imports drive Beijing’s record surplus with bloc China sold goods worth about $148bn to EU in first quarter of year, but imported just $65bn
UK urged to deploy EU-style ‘trade bazooka’ against Trump’s tariffs ‘Inadequate economic security’ is putting growth and jobs at risk, says British Chambers of Commerce
Unlucky chancellor? Iran shock hits Reeves just as UK seemed to turn corner The economy and public finances were on the right path, bond yields were falling, interest rates likely to drop further … then came the US-Israeli attack
Trump says he will ‘probably put a big tariff on the UK’ if it doesn’t drop digital services tax President accuses Britain of trying to ‘make an easy buck’ from American tech firms, weeks after warning UK–US trade deal can be changed
Number of billionaires globally could reach 4,000 in next five years There are now 3,110 billionaires but analysis shows ‘deep structural acceleration’ in wealth creation around world