Opec production falls more than a quarter as Iran war hits oil exports
Output dropped by biggest volume on record in March with closure of Strait of Hormuz hitting producers around the Gulf
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Oil prices soar above $100 a barrel
Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz
Bank of England wins US approval for new way to rescue failed lenders
Regulators gain more flexibility if ‘bail-in’ process is required in response to a crisis
Why time is on Iran’s side
A global energy crisis is only just beginning. Political turmoil will follow
Hormuz blockade could deepen world’s worst energy crisis — and risk a dangerous misstep
The U.S. naval blockade of the Strait of Hormuz threatens to halt more tanker traffic, sending oil surging and risks drawing China into a widening confrontation with Washington.
Oil prices soar above $100 a barrel as hope fades of end to Iran war
Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz