Business

The worldwide fertiliser supply chain may encounter major disruption if Iran’s effective blockage of the Strait of Hormuz continues, raising worries among analysts about crop yields and food security. Traffic through the channel, situated off Iran’s southern coast, has largely ceased since the United States and Israel carried

Wizz Air issues profit warning amid Middle East turmoil Travel interruptions, rising fuel costs and a weakening euro linked to the Iran conflict have led the budget carrier Wizz Air to issue a profit warning for the period. Wizz Air told shareholders yesterday that it expects the present Middle East

Iceland, the British grocery chain, has reportedly ended its ten‑year dispute over the “Iceland” trademark and announced a “reconciliation discount” for shoppers in the island nation. Following the retailer’s third court defeat last year, chief executive Richard Walker said on Wednesday that the company would put the case

Global markets slipped further on Wednesday even though Donald Trump pledged that the U.S. Navy would escort tankers through the Strait of Hormuz and the U.S. military asserted that “not a single Iranian vessel is underway” in the strategic channel. The Middle‑East clash has immobilised the strait,

The Chinese government has urged that vessels transiting the Strait of Hormuz receive protection from all parties amid the intensifying Iran conflict, as freight rates for shipping have surged. Maritime traffic through the narrow waterway on Iran’s southern coast, which links the Persian Gulf with the Gulf of Oman,

The conflict in the Middle East has thrown financial markets into disarray for a second consecutive day, with oil and gas prices climbing, global equity markets sliding and the odds of a UK interest‑rate cut later this month sinking. London’s share market has plunged deep into the red,