Rolling coverage of the latest economic and financial news
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The Guardian view on the global bond shock: Andy Burnham should take note
Oil has hit its highest level in almost six weeks today, after the US has launched new airstrikes on Iranian targets.
Brent crude traded as high as $97 a barrel, for the first time since 24 July, having jumped by 4.6% yesterday.
“Developments in recent days brought risks to regional oil supplies back into focus … We’ve seen oil flow through the Strait of Hormuz despite the stalemate between the US and Iran, but rising tensions clearly put crossings at risk.” Continue reading…
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