UK offers to host international summit on reopening strait of Hormuz

Defence chiefs have been discussing how they might unblock the conduit for about a fifth of the world’s oil supplies

UK politics: Reform UK suspends mayoral candidate after he described Jewish security group as ‘cosplayers’ – as it happened

Labour and Liberal Democrats welcome suspension of Chris Parry, the party’s Hampshire mayoral candidate, after derogatory remarks about Jewish group

Reeves slips into yoga voice to try to soothe fears over costs of Trump’s war

The chancellor was meant to set out her contingency plans but it was an announcement without any announcements in it

UK defence firms ‘bleeding cash’ as delayed spending plan leaves industry in ‘paralysis’

Industry groups say delay to defence investment plan (DIP) leaves UK lagging behind in global race for funding

What levers could Rachel Reeves pull to help with rising prices?

What the chancellor could do to counter the economic impacts of Iran war, from stopping price gouging to cancelling fuel duty rises

Rachel Reeves rules out universal support on energy bills

Chancellor says package offered by Liz Truss’s government was unaffordable and any future help will be targeted

Ministers rebuff trade body’s call to boost North Sea oil and gas production

Government emphasises need to ‘get off the rollercoaster of fossil fuel markets’ in response to Offshore Energies UK

Ministers tell HS2 to consider slower train speeds to cut costs

Company will assess whether drop to 186mph from 224mph will save money and help bring forward launch

Starmer says ‘every lever’ will be explored to ease rising costs of living from Iran conflict

PM will chair Cobra meeting with key ministers and Bank of England on Monday, as experts warn of economic shock

Starmer adviser urges ministers to look at profits cap for energy and petrol firms

PM’s ‘cost of living champion’ calls for consideration of temporary measure to prevent profiteering from Iran war

Trump’s economic shocks are derailing Britain’s building plans

With major developments collapsing, pressure is growing on councils to concede on affordable housing and public amenities

Anger grows among UK ministers amid fears Iran war could jeopardise Britain’s fragile finances

Some in cabinet in despair over possible impact of war begun by Donald Trump, who branded Nato allies ‘cowards’

Owners from Great Britain travelling to EU warned over pet passport ‘dodge’

Bypassing animal health certificate system by using cheaper pet passport issued abroad could backfire, experts say

Lowering speed limits among contingency plans to curb UK oil demand

International Energy Agency recommends emergency measures, including working from home, as Iran war hits fuel supply

Labour dismisses Reform UK MSP candidates as ‘hopeless Tory rejects and oddballs’ as one is suspended – as it happened

Stuart Niven suspended after revelations he was struck off as company director, while other candidates have been accused of extremist statements including describing Humza Yousaf as ‘not British’