UK loosens Russian oil sanctions as fuel prices rise
The waiver reflects increasing supply concerns over certain fuels due to the effective blockade of the Strait of Hormuz.
BBC News
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Read the full briefThe waiver reflects increasing supply concerns over certain fuels due to the effective blockade of the Strait of Hormuz.
Retail sources rebuff government proposal as ‘unjustified’ and likely to push costs up across board UK supermarkets have been asked by the government to consider putting a price freeze on some essential foodstuffs to protect the public from inflation fuelled by the Middle East conflict. Retailers rejected the plan, criticising its potential costs amid rising taxes, fuel and energy costs and arguing it could push up prices for shoppers overall. Continue reading...
With the upheaval in the Persian Gulf disrupting oil and gas supplies, Russia is looking to deepen its energy ties to China.
Investors are unprotected against oil and yield shocks. Here are the stocks to buy and avoid. MarketWatch The Stock Market Is Failing the Iran Test Barron's Oil, Yields and Nvidia Test Investors’ Stamina Investing.com ‘A very good environment for risk assets or an utterly terrible one’: Why the oil shock might have more in store for stocks Trustnet Rising oil prices are testing the tech-powered rally. But there’s an even greater threat. MSN
Cornwall Insight predicts rise in price cap of nearly 13% in Great Britain as Iran war pushes up gas costs Business live – latest updates Households in Great Britain could see their energy bills increase by over £200 a year to almost £1,900 from this summer in “a kick in the teeth” for millions struggling with the cost of living crisis. A typical gas and electricity bill is now forecast to reach £1,850 a year from July under the industry regulator Ofgem’s quarterly price cap, according to anal
Pay growth eases to 3.4% as businesses face pressure from soaring energy costs Unemployment in the UK has unexpectedly risen to 5% while wage growth has slowed, according to official figures, in the first snapshot of how companies are reacting to the impact of the Iran war. The Office for National Statistics (ONS) said the rate of unemployment was up in the three months to March, from 4.9% in February, a rate that City economists had expected to hold. Continue reading...
Ministry of Defence names soldier who fell from her horse as Lance Bombardier Ciara Sullivan, 24, part of the King’s Troop, Royal Horse Artillery A soldier who died after falling from her horse at the Royal Windsor Horse Show was named as Lance Bombardier Ciara Sullivan, 24 – an “exceptional jockey” with an “infectious energy”, her commanding officer said. Sullivan, part of the King’s Troop, Royal Horse Artillery, fell at around 7pm on Friday after exiting the arena. Continue reading...
Trump Says He Authorized New Strikes on Iran, but Has Decided to Hold Off The New York Times Oil prices fall after Trump delays planned Iran strike, easing supply disruption fears CNBC Trump news at a glance: president says scheduled attack on Iran has been postponed – for now The Guardian Iran war live: Trump says Iran attack postponed at request of Gulf allies Al Jazeera Oil Slips as Trump Spurs Optimism Over Iran Deal: Markets Wrap Bloomberg.com
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NextEra Energy and Dominion to merge, combining two key players in the race to power AI data centers CNBC NextEra Energy to Acquire Dominion, Creating a Utility Giant The New York Times NextEra Energy Near Deal for Rival Utility Dominion WSJ NextEra to Buy Dominion for $67 Billion to Form Utility Colossus Bloomberg.com NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports Reuters
With a battery of modern technology at their fingertips, meteorologists often turn first to an old-fashioned tracking technique.
Oil Prices Edge Higher as Cease-Fire Remains Tenuous The New York Times Stock futures fall after record-setting week for Wall Street; traders await Nvidia and retail earnings: Live updates CNBC Markets jittery as oil crisis bleeds into debt selloff, while Trump weighs military options on Iran Fortune Oil prices rise after Trump warns Iran over stalled peace talks BBC Oil prices climb as Donald Trump delivers stark message to Iran Euronews.com
Revised Iranian proposal to end war shared with US, Pakistani source says Reuters Trump warns Iran "clock is ticking" until U.S. launches harder strikes Axios Iran war live: Trump says ‘clock is ticking’ for Iran to make deal with US Al Jazeera Middle East crisis live: Trump warns ‘clock is ticking’ for Iran to reach peace deal The Guardian Oil jumps as Trump warns 'Clock is Ticking' for Iran, fanning fears of escalation in conflict CNBC
NSW transport minister says contracts signed for 24-metre, battery electric ferry to be trialled for 12 months from 2028 Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Spluttering journeys across Sydney Harbour could soon be a thing of the past after a trial of the city’s first Australian-made and designed electric ferry. The New South Wales government says contracts have been signed for the new 24-metre, battery electric fer
Dow Futures Fall, Oil Rises; Trump Warns Iran Investor's Business Daily Oil Prices Rise as Trump-Xi Summit Yields No Clear Breakthroughs on Iran War The New York Times Oil prices climb more than 3% on fears of new US-Iran combat Reuters Oil Futures Settle Higher on Inventory Worries WSJ Oil Heads for Weekly Advance With Iran War Resolution at Impasse Bloomberg.com
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Exhibition explores how artists mainly known for their paintings helped revive a skill that had fallen out of fashion They may be best known for their vibrant oil paintings but an exhibition opening in the English West Country is focusing instead on the subtle printmaking skills of artists such as Édouard Manet, Vincent van Gogh and Paul Gauguin. More than 50 prints created mainly by impressionists, post-impressionists and cubists are going on display at the Holburne Museum in Bath. Continue re
Comments come after Andy Burnham says he would renationalise water and other businesses as PM Investors in Thames Water have told the Labour government that a temporary nationalisation of the embattled company would slow its turnaround, after calls from Andy Burnham to put key utilities under public control. As Keir Starmer’s grip on power appeared to be fading, the Greater Manchester mayor suggested at the weekend that the renationalisation of water and energy would form part of his policy agen
Large-scale Ukrainian drone attack kills three in Moscow region, says Russia BBC Ukraine war briefing: more than 500 drones strike at Russia, killing 3; US allows Russian oil sanctions waiver to lapse The Guardian Ukraine attack ‘largest in over a year’ on Moscow, Russian state media reports CNN Record Drone Attack on Moscow Kills Three, Targets Refinery Bloomberg.com Ukraine drones kill four in Russia, Moscow faces biggest attack in over a year Reuters
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