Rolling coverage of the latest economic and financial news

Rolling coverage of the latest economic and financial news

FTSE 100 slides and UK gas prices up amid fears strait of Hormuz will be closed for extended period

Oil prices jumped and global equities pulled back as markets grew increasingly concerned that the ceasefire between the U.S. and Iran might not hold, while tensions over the…

Iran rejected new peace talks with the US, its state news agency reported on Sunday, hours after US President Donald Trump said he was sending envoys for talks in Pakistan

US Treasury secretary Scott Bessent says Iran’s Kharg Island storage facilities will be full and their ‘fragile’ oil wells shut in mere days because of the blockade; oil prices…