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

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