Business

Donald Trump has raised hopes that the US-Israel military strikes on Iran may soon be over. Financial markets have certainly taken that on board, with energy prices falling back from the war-level highs seen yesterday. But were the president’s remarks deliberately aimed at taking heat out of those prices as countries across the world count […]

Oil prices have fallen and stock markets are clawing back some lost ground after Donald Trump raised hopes that Iran war disruption to the global economy would soon be over. Brent crude oil, the international benchmark, tumbled below $90 a barrel at one stage early on Tuesday after climbing above $118 – a six-year high

The conflict in Iran is inflicting misery on millions – driving up bills and upending energy markets. But a perverse effect of war is that some industries do well: that’s the way our global financial system works. In this case, a group of American energy companies stand to benefit. “US liquefied natural gas (LNG) exporters

The price of oil has clocked its biggest single-day gain in six years – with Brent crude surging by more than 20% to $114 (£85) a barrel. It comes as investor uncertainty surrounding the war in Iran deepens, with fears growing of a prolonged conflict across the Middle East. Stock markets across Asia also fell

UK average diesel costs have hit a 16-month high, less than a week after war gripped the Middle East and sent oil costs rocketing. Global energy prices have been the main financial market focus since Tehran launched attacks against Gulf nations in retaliation for the US-Israeli strikes on its country, disrupting production and deliveries of