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The cost of hearing oil spike following the US-Israel war with Iran which forced up crude prices.

Trump drops a 24-hour-old vow to charge cargo ships for using the Strait as the US continues its battle to break Iran's hold on the waterway.

Recent strikes have sent oil prices climbing again, with average gas price per gallon up by 70 cents on last yearInflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics.The consumer price index (CPI), which measures a basket of goods and services, has been elevated since the start of the war, largely because of higher energy prices. After mostly stayin

Stock markets fall as analysts price in two quarter-point UK rate rises by the end of the yearBusiness live – latest updatesOil and gas prices have jumped and expectations of interest rate rises in Europe have increased after the US carried out a third night of military strikes against Iran.Brent crude, the international benchmark for oil prices, rose by as much as 4.6% to $87.08 a barrel on Tuesday, its highest level in just over a month. Continue reading...

O presidente do Banco da Inglaterra levantou bandeira vermelha sobre os riscos do conflito iraniano para a estabilidade financeira mundial. Entenda o que isso significa para o mercado cripto.

Regime iraniano teria colocado o ex-presidente sob vigilância após revelações de que Israel teria articulado seu retorno ao poder em caso de colapso do governo atual.

Brent crude rises over $85 a barrel after US carries out third night of strikes against IranGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Oil prices rose more than 2% after the conflict in the Middle East worsened, with the US carrying out a third consecutive night of strikes against Iran. Two tankers came under fire in the strait of Hormuz.Stasis has taken over markets as investors wait for the latest twist in the Iran confl

The US president also says Washington will impose a 20% charge on all cargo shipped through the Strait of Hormuz.

Brent crude jumps 3.4% and European markets drop, with airlines including Ryanair among hardest hitBusiness live – latest updatesOil prices jumped and stocks fell after the US launched a fresh wave of attacks against Iran amid an escalating standoff over the strait or Hormuz.Brent crude, the international benchmark for oil prices, rose 3.4% to $78.59 a barrel on the renewed hostilities in the Middle East. It had been trading at $72.48 before the outbreak of the war in February, and hit

Com metade do prazo diplomático já consumido, novos confrontos entre forças iranianas e americanas colocam em risco qualquer perspectiva de acordo para encerrar o conflito.

Asian shares tumble with South Korea’s Kospi down nearly 10%Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.It’s a gloomy start to the week as attacks between the US and Iran in the Gulf continue. Tehran said it had closed the strait of Hormuz, while Donald Trump insisted the key shipping passage remained open and US officials said 20 ships were escorted through the waterway in the past 24 hours.For now, we remain hopeful that

Within hours of fresh US attacks, Iran said it had struck US military bases in Kuwait, Jordan and Bahrain.