Oil hits $108 after Gulf states postpone talks with Iran over Hormuz
Delay to crunch meeting sets back efforts to restore shipping through vital waterway
Economic news
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Global AI stocks slip on concerns over risks
OpenAI backer SoftBank falls as much as 13% after tech leaders call for slowdown of development
Essar strikes deal to buy 118 UK petrol stations
Purchase by owner of Stanlow refinery comes as BP and Shell retreat from forecourts globally
How high might natural gas prices go?
Market mindset has shifted to concerns of extended outage as the Strait of Hormuz blockages continue ahead of winter
Tokenised gold could be exempt from fund regulations under FCA proposal
Regulator considers bespoke regime as it bids to unlock more of London’s bullion reserves as collateral in transactions
Oil price surge revives prospect of Bank of England rate rise this year
Investors expect BoE to hold borrowing costs this week but signal a possible increase later in the year