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

      Oil prices have risen as Israel and Iran tensions escalated.

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People

  • The UK is being “dragged into” Iran war says Badenoch

    Politics

    Conservative leader Kemi Badenoch has said the UK is being “dragged into” the Iran war “whether we like it or not” after the nation fired missiles at joint UK-US base. Badenoch argued Starmer can longer “sit on the fence” after the attempted strikes on Saturday morning, before criticising him for not backing the US to [...]

    Kemi Badenoch will push to restore the Tories' economic credibility in the eyes of the public in a key speech.
  • Starmer to convene emergency meeting over Iran war price shock

    Politics

    Prime Minister Keir Starmer will convene an emergency meeting of senior cabinet ministers and the governor of the Bank of England next week, as prices continue to soar amid the Middle East conflict. The meeting will discuss plans to help households with the rising cost of living caused by the war in Iran, according to [...]

    Rachel Reeves slapped inheritance tax on family businesses
  • Oil importing markets’ share prices slide amid Iran energy crisis 

    Markets

    Oil importing markets across Asia and Europe suffered a sharp stock sell-off in early morning trading, after crude oil prices rocketed to their highest levels in four years amid the US-Israel war with Iran. The price of oil breached the $100 (£74.90) mark for the first time since the 2022 energy crisis, which was triggered [...]

    Oil prices have spiked as Israel and Iran ramped up tensions.
  • 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 [...]

  • Trump promises to hit Iran very hard, after president vows to never surrender

    March 7, 2026

    US president Donald Trump has vowed to continue hitting the country, after Iran’s president has said his country will never surrender to the US and Israel, but apologised to neighbouring countries for launching strikes on them. Presidnet Masoud Pezeshkian said in a state TV speech broadcast on Saturday: “The enemies must take their wish for [...]

  • Trump’s tariff decisions send shockwaves through the markets

    February 23, 2026

    Global assets and markets have once more found themselves reeling from the aftershocks of Trump’s tariffs decision, after his weekend announcement sent investors scrambling. The US president announced a 15 per cent blanket tariff on Saturday in rebuttal to the Supreme Court striking down his signature economic policy. Bitcoin suffered a sharp selloff on Monday [...]

  • Trump announces new blanket tariff after Supreme Court ruling

    February 21, 2026

    US President Donald Trump has announced a new global tariff after the US Supreme Court ruled that his previously imposed duties were illegal. Trump imposed a 10 per cent global tariff shortly after the court’s ruling, a decision the president called “terrible”. The import duty will apply to all countries and be effective “almost immediately”, [...]

  • Newly listed Smarter Web Company share price plummets amid Bitcoin fall

    February 6, 2026

    One of the London Stock Exchange’s newest members have suffered a staggering drop in its share price after becoming embroiled in the early morning Bitcoin plunge. The Smarter Web company, which listed on London’s main market just three days ago, suffered a 22.5 per cent drop in early morning trading to 31.25 pence. Since listing [...]

  • Bitcoin falls to lowest level as big tech sell-off intensifies

    February 6, 2026

    The price of Bitcoin has fallen to its lowest level in 15 years amid the sweeping tech sell-off and nomination of a ‘hawkish’ Fed chair. A single bitcoin is now roughly worth $64,657 (£47,657), the lowest level since October 2024, with the price plummeting 24 per cent since the start of the year. The price [...]

  • Jenrick’s defection was “a mistake”, senior Tory claims

    February 1, 2026

    A member of the shadow cabinet has said Robert Jenrick’s defection from the Conservatives to Reform UK was “a mistake”, fuelled by “frustrated personal ambition”. Shadow home secretary, Chris Philp, said Jenrick’s decision to join Nigel Farage’s party came from his upset about not being named party leader. Speaking to Sky News’s Trevor Phillips, he [...]

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