Business

Leading maritime insurers have withdrawn war‑risk coverage for vessels sailing in the Gulf as the intensifying Iran conflict has disrupted shipping and driven up freight rates. At least 150 ships, including oil and liquefied natural gas tankers, have anchored in the Strait of Hormuz and nearby waters. The crucial

Oil prices dominate the energy discussion during Middle‑East conflicts for obvious reasons: the commodity still powers the global economy, and analysts have fairly dependable models linking each $10‑per‑barrel rise to slower growth and higher inflation. Consequently, we are far from entering “oil‑shock” territory. Monday’s climb

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