Oil falls as Iranian state television reports details of peace proposal
Broadcast said draft deal would restore Strait of Hormuz shipping within a month
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Central banks complete successful tests of cross-border blockchain payments
Prototype, backed by Federal Reserve Bank of New York and BoE, allows near-instantaneous settlement of payments
Trump risks triggering financial crisis with Iran war, warns ECB
Vice-president Luis de Guindos says Washington’s volatile trade policies and reduced co-operation also threaten stability
UK household energy bills to rise by 13% from July to two-year high
Ofgem’s cap increase means annual energy costs will rise to £1,862
Is BP ungovernable? Chair’s ousting over ‘bullying’ fuels fresh cycle of chaos
Albert Manifold’s behaviour and use of personal devices cited as factors in removal that has piled pressure on CEO Meg O’Neill