Stock markets slump amid Iran war as gas prices jump 30% to three-year high

FTSE 100 on track for its worst day in 11 months, while Japan’s Nikkei and South Korea’s Kospi also fall

A gas shock – not an oil shock – from the Iran war looks more threatening

Europe and Asia will take an economic hit if the supply of Qatari LNG is halted by the closure of the strait of Hormuz

Maritime insurers cancel war risk cover in Gulf as Iran conflict disrupts shipping

Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surging

Gas prices soar and oil jumps as Iran war pushes down global stock markets

QatarEnergy says it has halted production of liquefied natural gas after attacks on Ras Laffan and Mesaieed sites

Middle East crisis pushes up oil prices – and could drive inflation rises too

Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growth

Oil price expected to surge after Iran strikes and strait of Hormuz closure

Markets around the world could tumble on Monday and motorists are likely to pay more at the pump

Keen bosses, strange mistakes and a looming threat: workers on training AI to do their jobs

Some say the technology is devaluing their work, while others reckon it is not yet – and might never be – good enough to replace them entirely

Wednesday briefing: Is the tide turning against Trump on tariffs?

In today’s newsletter: With the latest supreme court ruling exposing the president’s tariff plans as unlawful, US politicians and the American people have found them to be unworkable. Where does Trump go from here?

Donald Trump’s new 10% global tariff comes into effect

US president had said he would raise levy to 15% after last week’s supreme court ruling

‘A feedback loop with no brake’: how an AI doomsday report shook US markets

Shares in Uber, Mastercard and American Express fall on back of apocalypse scenario posted on Substack

Trump tariffs: what ‘powerful’ trade weapons are at the US president’s disposal?

A 10% levy has been put in place, but the US leader has other economic ‘bazookas’ he can fire in his trade battle

China overtakes US as Germany’s top trading partner

Friedrich Merz to meet Xi Jinping in Beijing, with goods worth €251bn traded between two countries in 2025

UK ‘working with US’ to analyse impact of supreme court’s ruling against tariffs

Government ‘expects privileged trading position’ to go on as EU ‘seeks clarity’ over Trump administration’s next steps

Countries that do not embrace AI could be left behind, says OpenAI’s George Osborne

Without AI you will be a ‘weaker and poorer nation’, says former UK chancellor two months into job at US firm

UK shelves £110m frictionless post-Brexit trade border project

Programme launched by last Tory government was worked on by Deloitte and IBM but was paused in 2024