UK mortgage rates have climbed to their highest levels in around five months as rising oil prices and resilient economic growth fuel expectations that the Bank of England may be
Markets Price Four Bank of England Rate Rises as UK Economy Grows 0.4%
Financial markets are now pricing in as much as one percentage point of Bank of England interest-rate increases over the next year, as stronger-than-expected UK economic growth and surging energy
Brent Crude Surges Towards $106 as UK Gas Prices Hit Highest Since 2022
Brent crude has surged towards $106 a barrel as escalating fighting in the Middle East drives another sharp rise in global energy prices.
Oil Prices Heading Towards US$100 Mark For The First Time Since May
Oil prices jumped on Thursday as the fallout from the US-Iran conflict appeared to spread to the Red Sea.
Iran Says Strait of Hormuz Closed Until Further Notice After Ship Attack
Iran has said the Strait of Hormuz will remain closed until further notice following an attack on a Cyprus-flagged container ship off the coast of Oman.
Oil and Gas Prices Rise After Tanker Strike in Strait of Hormuz
Oil and gas prices moved higher after a tanker was hit by an unknown projectile in the Strait of Hormuz, renewing concerns over energy security and the fragility of US-Iran
Oil tankers leave Strait of Hormuz as exports resume
Three oil tankers carrying a combined 5 million barrels of crude and condensate have successfully exited the Strait of Hormuz, providing an early sign that energy exports from the Gulf
Iran deal inches closer as Trump weighs final sign-off
US and Iranian negotiators have reportedly reached a draft 60-day memorandum of understanding to end the three-month conflict, though the proposed agreement still requires approval from Donald Trump.
Hopes rise for reopening of Strait of Hormuz trade route
The Strait of Hormuz could reopen to commercial shipping within a month under a draft framework agreement reported by Iranian state media on Wednesday, potentially easing one of the largest
Fewer than 20 tankers pass through Hormuz since March
A limited number of shipowners are continuing to transport oil through the Strait of Hormuz despite the ongoing conflict that has severely disrupted shipping activity across the region.
Iran has reopened the Strait of Hormuz to commercial shipping
Iran has reopened the Strait of Hormuz to commercial shipping, according to Foreign Minister Abbas Araghchi, easing concerns about a key global oil transit route.
Trump warns Iranian vessels near Hormuz blockade will be ‘eliminated’
Donald Trump has warned that any Iranian naval vessels approaching the U.S. blockade in the Strait of Hormuz will be “immediately eliminated,” marking a further escalation in tensions.