UK borrowing costs highest since May as oil surges
Ten-year yield back above 5% just days before Andy Burnham set to become prime minister
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Oil hits $85 as battle for Strait of Hormuz alarms energy markets
Brent crude reaches levels last seen before the US and Iran agreed to extend their ceasefire
BP cuts net debt by up to 13% after Iran war drives oil price surge
Higher energy prices and soaring refining margins help reduce borrowing
India presses banks to court diaspora’s deposits as rupee weakens
Foreign exchange reserves have dwindled by $54bn since start of Iran war
US launches air strikes as Iran targets tankers with cruise missiles
Donald Trump demands 20% fee on cargoes passing through Strait of Hormuz