UK firms to face tougher checks on export licences to bolster sanctions on Russia News follows Guardian report on licence given to British firm exporting machinery to Armenian firm linked to Russian war effort
The Guardian view on the true cost of the Iran war: bombs kill – but so does the economic fallout Editorial: There is growing international concern as the fragile two-week ceasefire reaches its Wednesday deadline. Whatever happens next, the poor will pay
Carney names broad team to advise on tense US-Canada trade talks Conservatives and former provincial premiers among those PM names to advisory committee on economic relations
Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on? Suspicious wagers on the US-Israel war in Iran are creating huge windfalls and raising concerns among lawmakers
Cuts to overseas aid will worsen shocks to global economy, David Miliband says Exclusive: Former UK foreign secretary says poor and rich countries alike will be hit amid humanitarian crisis sparked by Iran war
Economic shock from Iran war risks driving up global debt levels, says IMF Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report says
Iran war escalation could trigger global recession, IMF warns Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7
HSBC says Iran war is hitting confidence as businesses warn over economic risks Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chair
Oil price dips below $100 a barrel after Trump claims Iran wants deal US president’s previous threat to block strait of Hormuz had led to a 6.9% increase in earlier trading
Task for the week: limit the fallout from biggest oil shock in decades As World Bank and IMF chiefs gather in Washington, the Iran war is driving up energy prices, fuelling inflation and testing voters’ patience
‘Mental breakdown’: oil tanker workers stuck in Gulf for six weeks are reaching their limit Seafarer refuses to sail through the strait, citing safety risks and mounting psychological toll
Head of IMF says Iran war will permanently scar global economy even if peace is reached Kristalina Georgieva says even ‘most hopeful scenario’ will lead to growth downgrade and cause permanent hit to living standards
Ceasefire brings relief to financial markets – but it is far from absolute Situation still volatile as Tehran and Washington issue conflicting messages about opening of Hormuz channel
Will shipping in the strait of Hormuz – and oil prices – return to normal? Analysts say doubts over stability of the ceasefire and damage to production sites mean the energy crisis is far from over
Oil and gas crisis from Iran war worse than 1973, 1979 and 2022 together, says IEA Oil prices swing and stock markets tense on approach to Trump’s deadline for Iran to reopen strait of Hormuz