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oil price cap

  • As it happened: Stocks rise on Iran peace hopes; Asda and Ocado deal

    Markets

    Good morning and welcome back to the City AM liveblog. After investors kicked into sell-off mode on Thursday amidst spiking tensions as the US and Iran exchanged strikes, attention is quickly turning back to hopes of a peace deal this morning. US and Iranian negotiators are reported to have reached an agreement on a 60-day [...]

    Donald Trump wearing a green tie at a public event, addressing the audience with a serious expression in a formal setting
  • As it happened: Stocks plummet on latest Iran war tensions; Neets crisis a ‘human tragedy’

    Markets

    Good morning and welcome back to the City AM liveblog. The US and Iran are back to exchanging fire in a major blow to hopes of peace in the Middle East. Tehran struck an American airbase overnight in its retaliation for the US striking a military site that it said “posed a threat to US forces [...]

    Breaking news graphic with bold headline and dynamic background in business and general news context
  • As it happened: US-Iran peace hopes sends oil lower; Brits handed energy price cap blow

    Markets

    Good morning and welcome back to the City AM liveblog. Global markets were able to take the new developments in the Middle East in their stride on Tuesday amid hopes a peace deal was on the horizon. The FTSE 100 ended the day in the green and despite some choppy trading oil prices eased. This [...]

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  • As it happened: Petrol prices surge to Iran war record as Kingfisher helps lift stocks higher

    May 26, 2026

    Good morning and welcome back to the City AM liveblog. The City is returning from the Bank Holiday break to find the tensions in the Middle East continuing in a stalemate – or perhaps a further escalation than last week. After days of threats President Donald Trump has issued a strike on Iran, which he [...]

  • As it happened: Stocks jump on peace hopes; Reeves hit by falling retail sales and surge in borrowing

    May 22, 2026

    Good morning and welcome back to the City AM liveblog. Oil prices remain volatile and heightened as peace talks in the Middle East continue to run into stumbling blocks. Brent crude futures were up to $104 this morning following reports that Iran’s Supreme Leader was ordering for the nation’s enriched uranium reserves to remain in [...]

  • As it happened: Stocks jittery as Iran war drags on; Reeves unveil cost-of-living package

    May 21, 2026

    Welcome back to the City AM liveblog. Donald Trump has warned Iran there are two options that could see the US finishing the war in Iran, with one that will “see a few people killed as opposed to a lot”. He added: “We could do it either way.” It’s the latest threat from the White [...]

  • As it happened: FTSE 100 rises as oil slips; Analysts warn of ‘short-lived’ inflation drop

    May 20, 2026

    Good morning and welcome back to the City AM liveblog. The City has welcomed news of undershooting inflation this morning, but warning signs already suggest it’s a temporary blip. The Consumer Price Index rose 2.8 per cent in the 12 months to April, that’s under the three per cent pencilled in and a major drop [...]

  • As it happened: Choppy finish for FTSE 100 as global markets rocked by AI sell-off

    May 19, 2026

    Welcome back to the City AM liveblog. Businesses have raised the alarm over falling vacancies as new data showed a further weakening in the jobs market. Vacancies remained at a five-year low in April 2026, with a leading industry group saying recruiters were “pausing” plans to hire workers. The British Chambers of Commerce’s head of [...]

  • As it happened: UK borrowing costs rattled by Burnham’s Parliament bid

    May 15, 2026

    Welcome back to the City AM liveblog. Andy Burnham has made his move – and it has left markets on edge. On Thursday evening, after markets had closed, a Labour MP sensationally announced their intention to stand aside to allow Burnham to make his way back into Parliament. And this morning it’s left gilt yields [...]

  • As it happened: Ministers resign as gilt yields at 28-year high

    May 12, 2026

    The Westminster political drama rocked the bond markets with gilt yields surging to a 28-year high. The yield on 30-year gilts surged 13 basis points on Tuesday to hit 5.8 per cent. It comes as nearly 80 Labour MPs have now called for the resignation of the Prime Minister and reports suggest numerous members of [...]

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