Oil hits highest level since US-Iran ceasefire began, as conflict hurts Gulf crude production – business live

Brent crude hits highest level since the US and Iran first agreed a ceasefire in early April Retail sales rise in Britain after Iran war prompted ‘panic at the pumps’ Trump says he will ‘probably put a big tariff on the UK’ if it doesn’t drop digital services tax Sarah Breeden’s warning that share prices do not reflect the many risks facing the global economy may have pushed the market down this morning, suggests Russ Mould, investment director at AJ Bell. He explains: The stock market ref...

By Graeme Wearden