US Treasury Secretary said a “small bit of economic pain” was worth it to eliminate the threat of Iranian strikes
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UK faces biggest hit to growth from Iran war of major economies, IMF says
The financial body cuts its growth forecast for the UK and warns the war threatens to throw the global economy
Households could get free electricity for doing washing on sunny weekends
Providers can encourage people to use energy when “weather conditions result in excess supply”.
Fuel prices stop rising after 43 days of increases, RAC says
The motoring group says prices could start to come down over the next couple of weeks.
Amazon to spend $11bn on satellite firm in growing Starlink rivalry
Amazon wants to get thousands more satellites into orbit to offer internet and mobile services.
US home buyers ‘frozen’ as sales slump over Iran war fears
The number of homes sold in the US hit a nine-month low, with economists warning of the slowdown could worsen.
EasyJet passengers describe EU border ‘nightmare’
Airlines warn of further disruption due to the introduction of a new EU digital border control system.
What is a naval blockade and how would it work in Strait of Hormuz?
Donald Trump says that the US is blockading the Strait of Hormuz. What does this mean in practice?
Oil jumps back above $100 after US-Iran peace talks fail
The failure of negotiations at the weekend has raised concerns that the global energy crisis will deepen.
Faisal Islam: Why the government is relaxed about Chinese car imports
The UK government believes the rise of China’s car industry could be good for UK consumers and industry.