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
news
Read More
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
US small caps soar as investors look beyond big tech
Russell 2000 on course for best year since 2003, helped by AI spending, tax changes and low valuations