Saudi Arabia’s vital East-West oil pipeline attacked
Conduit has become an economic lifeline for the kingdom since the near closure of the Strait of Hormuz
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Exxon warns of $6.5bn hit from Iran war as hedging timing masks gains
US oil group says bulk of impact on first-quarter earnings is accounting issue that will be offset as contracts complete
Extreme weather is already costing global businesses
Rio Tinto’s $800mn revenue hit highlights growing costs of business interruption
Hedge funds suffered worst losses since Covid in Iran war turmoil
Managers have struggled to navigate huge market swings sparked by conflict
European bonds surge as traders trim bets on interest rate rises
Government debt in UK and Eurozone on course for strongest day since 2023