| | | | | | | | | | | | | | | | | | | | |

Reeves calls for Middle East de-escalation amid oil price fears

ByHeather Stewart Economics editor

Government announces plan to cut firms’ electricity bills as part of launch of its industrial strategyBusiness live – latest updatesRachel Reeves has called for de-escalation of the conflict in the Middle East, warning that rising global oil prices cou…

| | | | | | | | | | | | | | | | | | | | |

Reeves calls for Middle East de-escalation amid oil price fears

ByHeather Stewart Economics editor

Government announces plan to cut firms’ electricity bills as part of launch of its industrial strategyUK industrial strategy: the key pointsBusiness live – latest updatesRachel Reeves has called for de-escalation of the conflict in the Middle East, war…

| | | | | | | | | | | | | | | | | | | | |

Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates

ByLauren Almeida

Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan• Business live – latest updatesAn escalation in the Middle East conflict could have a “huge impact on global trade”, the boss of the…

| | | | | | | | | | | | | | | | |

Iran and Israel crisis: what does it mean for the price of oil?

ByJillian Ambrose and Lisa O'Carroll

Banks and forecasters say price trajectory will depend on how far the military and humanitarian crisis escalatesBusiness live – latest updatesMiddle East crisis – latest updatesThe escalating crisis between Israel and Iran has already triggered the lar…