Conservatives have called for chancellor to halt planned rise in fuel duty

Iran’s new supreme leader has been shaped by decades-long ties with the powerful and hardline Revolutionary Guards

Highest weekly jump in US average price of petrol since Russia’s full-scale invasion of Ukraine

Company will go public through merger with Nasdaq-listed operator of Florida golf courses

Start-up accuses Trump administration of ‘seeking to destroy’ its economic value in dispute over military use of AI

Tit-for-tat strikes have hit critical infrastructure in Bahrain and Iran

Finance ministers pledge ‘necessary measures’ to tackle surging crude prices with deal expected as soon as Tuesday

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 hovers around $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

Brent benchmark had exceeded $119 in early action

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