Opec production falls more than a quarter as Iran war hits oil exports
Output dropped by biggest volume on record in March with closure of Strait of Hormuz hitting producers around the Gulf
Output dropped by biggest volume on record in March with closure of Strait of Hormuz hitting producers around the Gulf

Analysts say Iran conflict likely to increase cost of crude by 5-15% when markets reopen on Sunday

Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz

Global stocks slide as Tehran escalates attacks on energy infrastructure

Trump suggests warring sides are closer to a permanent ceasefire

Hormuz closure prompts surge in buying from Asia and Europe

Extent of increase likely to depend on whether Tehran retaliates with attacks on oil infrastructure or shipping in Strait of…