Business

The repercussions of the lethal and volatile clash in the Middle East for the world economy will be most immediately, and sharply, evident in the climb of oil prices. Prices surged on Monday as markets got their first chance to absorb the weekend’s reciprocal strikes. By lunchtime in London,

Oil prices are projected to climb on Monday, and equity markets may slip as the US‑Israel conflict with Iran unsettles investors. U.S. crude is set to increase about 9 % when trading restarts, data from broker IG show, after Tehran announced on Saturday that it had effectively sealed the

Young people attracted to second‑hand platforms like Vinted and Depop are supporting charity shops even as energy and labour expenses increase. Save the Children reported a 3 % increase in retail revenue last year, with December sales 11 % higher than the previous year, generating over £1 million for its programmes.

Why does the Strait of Hormuz matter? The Strait of Hormuz ranks among the globe’s key maritime corridors for international commerce. Roughly one‑fifth of worldwide oil shipments and a similar share of gas carriers traverse it. The waterway sits between Oman and Iran. It connects the northern Gulf

Rolls‑Royce’s chief executive said he would greet German participation in the development of Britain’s next‑generation fighter aircraft, contending it would generate additional work for the programme. The aircraft, intended to succeed the Eurofighter Typhoon, is being developed jointly by the United Kingdom, Italy and Japan. Rolls‑

Analyst: Oil could climb to $100 a barrel as traffic through the Strait of Hormuz stops Analysts caution that the conflict involving the United States, Israel and Iran may push crude prices toward $100 per barrel. Research firm Wood Mackenzie says higher oil and gas prices are inevitable, and that