Iran warns Trump's blockade is 'doomed to fail' as energy prices soar to 4-year high
Iran warned President Trump's naval blockade was “doomed to fail” as oil prices soared to their highest point in years with the standoff over the Strait of Horm
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Iran warned President Trump's naval blockade was “doomed to fail” as oil prices soared to their highest point in years with the standoff over the Strait of Horm
The Bank of England votes for no immediate change to borrowing costs as it monitors the knock-on effects of the Middle East conflict.
Oil futures tumbled in the early hours of Thursday, reversing direction after reaching a four-year high on a report that President Donald Trump is considering e

Gold prices rise as markets weigh easing dollar, Iran fears
Brent crude surged to its highest levels since early 2022, before paring gains, as the Middle East conflict chokes supplies.
The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday
Stocks looked set to fall on Thursday as investors tried to make sense of a deluge of Big Tech earnings and a sudden jump in oil prices. S&P 500 futures slid 0.
Tom Dalrymple examines how markets have responded to major shocks including Covid, tariff disruption and the recent Iran conflict, highlighting why investors wh
State-owned China National Petroleum Corporation (CNPC), the biggest oil and gas firm in the country, pledged to make “every effort” to ensure sufficient domest
The longer the disruption to Middle East fuel supplies lasts, the risk grows that higher energy costs will feed into broader inflation that could dent economic
Axios reported that US Central Command has prepared a plan for a wave of "short and powerful" strikes on Iran.
Oil jumps on report President Donald Trump will be briefed later on Thursday on plans to strike Iran

Global oil price hits 4-year high on concern of US-Iran war escalation
Brent crude surged to its highest levels since early 2022, before paring gains, as the Middle East conflict chokes supplies.
The war in the Middle East and the oil price surge it caused have destroyed 1.6 million barrels daily in demand, ING commodity analysts said in a note today, ad
Threat comes days after German Chancellor Friedrich Merz criticised US strategy in Iran
Yorkshire installers report up to a tenfold increase in interest since the start of the Iran war.
Inflation has hit 50% during conflict while many expect Strait of Hormuz stand-off to exacerbate stagnation
After putting on a united front during the Iran war, the Gulf’s most consequential rivalry has burst into the open again
Brent crude rises 4.5 per cent above $123 a barrel in Asian trading to highest level since conflict began