Finance ministers pledge ‘necessary measures’ to tackle surging crude prices but stop short of immediate deal

Move follows Trump’s criticism of Starmer for supposedly wanting to join Iran war after it had already been ‘won’

The appointment of Mojtaba Khamenei has dashed the US president’s hope of picking Iran’s new leader

EQT Partners to fund Jeff Soar’s WTS UK, which will use leaner model than larger rivals

UK government bond market under renewed pressure as oil surpasses $100 a barrel

Cloud provider raises $2bn in largest deal of its kind for a European tech start-up

Reform UK leader invests £215,000 in Stack Bitcoin

Markets suggest the ramifications are likely to drag on and spread

Middle East war has triggered surge in crude prices that threatens global economy

British populist politician aimed to reinforce his view about the UK’s Chagos Islands deal in conversation with US president

American consumers will feel pain at the petrol pump, but US is a net energy exporter unlike its European allies

How US deals with crucial export hub could shed light on its longer-term strategy towards Iran

Significant reforms required to halt breakdown of rules-based order, says British government

US insurer Assured Guaranty has amassed $15bn of exposure to British utilities

Beijing’s export offensive could be more destabilising than Trump’s tariffs

Deflationary pressures ease as AI-related spending rises and Beijing clamps down on overcapacity

Crude rally eases after Brent benchmark briefly rose above $119 a barrel on supply concerns

Selection of Mojtaba Khamenei is seen as act of defiance against war launched by US and Israel

Democrats and some Republicans fear a deepening involvement in the war with no clear exit strategy

Oman base seeks to prioritise government and commercial relief services as attempts to reopen other centres falter

Soaring production costs could add to recent woes of poor harvests and a five-year-low wheat price

Oil price surge and a softening labour market complicate US central bank’s ability to boost output while containing inflation

Narrow victory paves way for scrapping rules that some say unfairly penalised married couples

Traders are betting a widening conflict in the Middle East will lead to a weeks-long disruption in supply