Oil hits highest level since US-Iran ceasefire began, as conflict hurts Gulf crude production – as it happened
By Graeme Wearden
Brent crude hits highest level since the US and Iran first agreed a ceasefire in early April
#Business #Economics #Stockmarkets #FTSE #BankofEngland #GraemeWearden
The Guardian | Oil hits highest level since US-Iran ceasefire began, as conflict hurts Gulf crude production – business live by Graeme Wearden
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Bank of England deputy governor Sarah Breeden warned that, even though asset prices are at record highs, a combination of risks—including inflated AI valuations, private‑credit exposure and the possibility of a simultaneous economic shock—could force a market adjustment, urging that the UK financial system be made resilient enough to withstand any drop; at the same time, fuel prices have eased only marginally, remaining well above pre‑crisis levels, while Brent crude oscillates around $105‑$107 a barrel amid ongoing Middle‑East tensions and the continued blockade of the Strait of Hormuz, prompting concerns from analysts and firms such as Procter & Gamble and fertilizer producer Yara about rising commodity costs; Russia has cut its benchmark interest rate to 14.5% in an effort to support a slowing economy, European equity indices are on track for their first weekly decline in over a month, UK businesses are forecasting faster price hikes due to soaring energy costs, and mortgage rates have slipped slightly, reflecting the broader uncertainty across global markets.
#SarahBreeden #UK #economics #stockmarkets
AI generated summary, Read the full article for complete information.
Oil hits highest level since US-Iran ceasefire began, as conflict hurts Gulf crude production – business live
By Graeme Wearden
Brent crude hits highest level since the US and Iran first agreed a ceasefire in early April
#Business #Economics #Stockmarkets #FTSE #BankofEngland #GraemeWearden
Bank of England deputy governor warns stock markets will fall; Gulf crude oil production ‘more than halved’ since war began – business live
By Graeme Wearden
Sarah Breeden explains ‘I’m not saying it will happen today, tomorrow, in 12 months’ time’, but system needs to be resilient
#Business #Economics #Stockmarkets #FTSE #BankofEngland #GraemeWearden
Bank of England deputy governor warns stock markets will fall; Trump threatens UK with ‘big tariff’ over digital services tax – business live
By Graeme Wearden
Sarah Breeden explains ‘I’m not saying it will happen today, tomorrow, in 12 months’ time’, but system needs to be resilient
#Business #Economics #Stockmarkets #FTSE #BankofEngland #GraemeWearden
Bank of England deputy governor warns stock markets will fall; Trump threatens UK with ‘big tariff’ over digital services tax – business live
By Graeme Wearden
Sarah Breeden explains ‘I’m not saying it will happen today, tomorrow, in 12 months’ time’, but system needs to be resilient
#Business #Economics #Stockmarkets #FTSE #BankofEngland #GraemeWearden
Stock markets set to fall, Bank of England deputy governor warns; Trump threatens UK with ‘big tariff’ over digital services tax – business live
By Graeme Wearden
Sarah Breeden explains ‘I’m not saying it will happen today, tomorrow, in 12 months’ time’, but system needs to be resilient
#Business #Economics #Stockmarkets #FTSE #BankofEngland #GraemeWearden
Stock markets set to fall, Bank of England deputy governor warns; Trump threatens UK with ‘big tariff’ over digital services tax – business live
By Graeme Wearden
Sarah Breeden explains ‘I’m not saying it will happen today, tomorrow, in 12 months’ time’, but system needs to be resilient
#Business #Economics #Stockmarkets #FTSE #BankofEngland #GraemeWearden
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