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Oil prices pare back losses amid doubts over Israel-Iran ceasefire

ByCallum Jones in New York

Stock markets including FTSE 100 edge higher as traders hope conflict will not disrupt oil suppliesBusiness live – latest updatesOil prices have pared back losses after a sharp fall triggered by Donald Trump’s declaration of a ceasefire between Israel…

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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…

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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…