Rolling coverage of the latest economic and financial news, as Donald Trump’s threaten to “massively blow up” the world’s largest gasfield hits markets

UK wage growth slows sharply as unemployment holds steady

Fed holds interest rates steady as Iran war drives up oil prices and inflation fears

Middle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes Qatar

This morning’s surge in oil and gas prices, and the slowdown in UK wage growth, are the main things to watch in the markets today, reports Kathleen Brooks, research director at XTB: