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oil price cap

  • FTSE 100 Live: Stocks slip; Justeat caught in CMA crackdown on reviews

    March 27, 2026

    Good morning and welcome back to the City AM liveblog. Another pause has been slapped on Donald Trump’s pledge to “obliterate” Iranian power plants, should the nation not re-open the Strait of Hormuz. The President took to social media last night and said talks between the US and Iran were “ongoing” and “going very well,” [...]

  • Iran mocks Trump’s peace talks as oil price takes sharp drop

    March 25, 2026

    The Iranian regime has mocked claims from Donald Trump that talks to end the war were progressing as markets struggle to digest a mixed bag of messages. Tehran downplayed expectations of any immediate ceasefire, following emerging reports that the US had offered a 15-point ceasefire plan. The President said the US was in “productive” talks [...]

  • FTSE 100 Live: Stocks soar as Trump claims ‘victory’ in Iran; Economists clash on inflation

    March 25, 2026

    Welcome back to the City AM liveblog. Fresh figures this morning revealed inflation rose three per cent in the year to February 2026, unchanged from the 12 months to January 2026. Grant Fitzner said: “The largest upwards driver was the price of clothing, which rose this month but fell a year ago. “This was offset [...]

  • ‘Crossroads’: Oil prices hold firm as markets sour on Trump’s peace talks

    March 24, 2026

    The price of oil held firm on Tuesday morning as markets faced a “crossroads” following the latest bait-and-switch from President Trump amid the crisis in the Middle East. Brent crude, the international benchmark for oil, broke $100 again in early trading in Asia after a four per cent gain. Prices have dipped a touch but [...]

  • Trump’s call to pause strikes in Iran boosts markets

    March 23, 2026

    Global markets leaped on news that President Trump paused strikes on Iranian infrastructure as he hinted that negotiations had been “very good and productive”. Brent crude – the international benchmark for oil prices – plunged back to below $100 per barrle after having jumped to $112 earlier in the day. The FTSE 100 also rose [...]

  • FTSE 100 Live: Stocks jittery after Trump’s latest TACO; Oil price slips

    March 23, 2026

    Welcome back to the City AM liveblog. Markets are in recovery mode after a dramatic intervention from President Donald Trump slapped a delay on his bombastic ultimatum. Trump issued a 48-hour ultimatum to the Iranian regime on Saturday night, where he called for the full re-opening of the Strait of Hormuz. The strait is a [...]

  • Iceland boss calls for profit cap on energy firms as prices surge

    March 22, 2026

    Richard Walker has urged the government to consider imposing a temporary cap on energy company profits, warning that households risk bearing the brunt of another price shock linked to the Middle East conflict. The Iceland boss, recently appointed as a Labour peer and cost of living adviser, said ministers should examine limiting earnings for producers [...]

  • Oil and gas prices surge after Trump threatens to ‘blow up’ Iran energy site

    March 19, 2026

    The surging price of oil and gas rocked markets this morning as tensions across the Middle East continued to spike fears of an energy crisis. Brent crude – the international benchmark for oil – hit $113 this morning, one of the highest levels since the conflict broke out three weeks ago. Meanwhile the price of [...]

  • Bank of England Live: Interest rates held in first unanimous vote in eight years

    March 19, 2026

    Welcome back to City AM‘s ongoing coverage of the interest rates decision. Interest rates have been held as rate-setters at the Bank of England warned the war in Iran could send prices spiralling as soon as April.  In the first totally unanimous vote in eight years, all members of the Monetary Policy Committee voted to [...]

  • ‘Panic mode’: FTSE 100 sinks as oil spikes on Iran’s energy threats

    March 18, 2026

    Markets were thrown into “panic mode” on Wednesday as the surging price of oil rattled global equities. The price of Brent crude – the international benchmark for oil – spiked as much as five per cent to $110 per barrel as energy facilities across the Gulf faced evacuation following the latest threats from Iran. The [...]

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