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Oil

  • Whether Trump is right or wrong, peace with Iran was never on the table

    March 9, 2026

    Donald Trump seems to have no idea whether his war with Iran is about nuclear capabilities or regime change, but what’s certain is that the brutal theocracy is a threat to Britain, says Eliot Wilson “War, what is it good for?” asked Edwin Starr. He answered his own question: “absolutely nothing”. There are shareholders of [...]

  • Rolls-Royce shares slide as FTSE 100 plunges amid Iran war

    March 9, 2026

    A dramatic stock plummet from blue-chip giant Rolls-Royce helped drag the FTSE 100 deeper into the red on Monday morning as fears surrounding the economic impact of the Iran war ramped up. Shares in the aerospace giant were down as much as five per cent at open, before clawing back some gains to a three [...]

  • Global markets warned of ‘biggest energy crisis’ in modern history after oil surge

    March 9, 2026

    Global economies are facing warnings over what could the “biggest energy crisis” in modern history after the price of oil breached the $100 mark for the first time since the energy crisis in 2022. Brent crude, the international benchmark for oil, surged over 25 per cent to highs of $118 per barrel as the week’s [...]

  • G7 ministers to discuss joint release of emergency oil reserves

    March 9, 2026

    G7 finance ministers are set to discuss a possible joint release of petroleum from reserves coordinated by the International Energy Agency in an emergency meeting on Monday, as they look to tackle surging oil prices amid the conflict in the Gulf. Ministers will hold a call with International Energy Agency’s (IEA) executive director Faith Birol [...]

  • FTSE 100 Live: US stocks sink on open; Iran warns oil price could hit $200

    March 9, 2026

    Good morning and welcome back to the City AM liveblog. The chaos in global markets of last following the breakout of conflict in the Middle East is poised to continue as tensions in the Gulf showed no sign of slowing down over the weekend. The price of oil notched its highest gains in a single [...]

  • Iran war: Oil prices could reach $150 a barrel

    March 8, 2026

    Oil prices could reach $150 (£112) by the end of the month if the severe disruption to the Strait of Hormuz is not eased, Goldman Sachs has warned.  The bank said it will revise its oil price forecast soon unless it sees evidence that transit through the crucial shipping route is beginning to return to [...]

  • Middle East war could ‘bring down the economies of the world’ 

    March 6, 2026

    The war in the Middle East could “bring down the economies of the world” as oil prices could surge to $150 per barrel if Gulf energy exporters shut production, Qatar’s energy minister has warned.  Saad al-Kaabi said that restarting the production of liquified natural gas (LNG) – after it shut down the largest plant in [...]

  • Oil on track for biggest weekly jump in 4 years as US mulls intervention

    March 6, 2026

    The oil market is set for its biggest weekly gain in four years after the crisis in the Middle East sent ripples through the energy markets. The price of Brent crude has risen by around 18 per cent in the last week, tipping over $85 a barrel. Should the gains hold up, it would mark [...]

  • FTSE 100 Live: Stocks jittery amid oil tensions; Khan woos Anthropic AI

    March 6, 2026

    Good morning and welcome back to the City AM liveblog. Inflation fears have dominated the week and as for the time being, they don’t look to be heading anywhere. The FTSE 100 ended Thursday’s session slipping 1.5 per cent to 10,413.94p as markets battled renewed fears of an energy crisis. Brent crude futures – the international [...]

  • ‘And so it begins’ – Mortgage lenders kick rates back up amid Middle East crisis

    March 5, 2026

    A number of mortgage lenders are kicking the their rates back up, with more expected to follow, as market conditions remain volatile due to the unfolding crisis in the Middle East. HSBC UK has said it will increase some of its mortgage rates for first-time buyers, movers and re-mortgagers and the UK’s largest building society, [...]

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