World’s top oil producer warns ‘catastrophic consequences’ after Iran threats March 10, 2026 The world’s top oil producer has warned of “catastrophic consequences” for the commodity’s global market after Iran threatened to block key shipping routes. Saudi Aramco – the state-owned national oil company of Saudi Arabia which controls over 270 billion barrels of reserves – has sounded the alarm that the Iran’s blocking of the Strait of [...]
Kwasi Kwarteng: Labour ‘at risk’ without more tax rises amid bond jitters March 9, 2026 The government risks being plunged into crisis unless it prepares for another bruising round of tax hikes to cover sharp rises in energy subsidies, former chancellor Kwasi Kwarteng has warned. In an interview with City PM, Kwarteng said taxes could be put up as soon as November if the government pushes ahead with proposals for [...]
Oil importing markets’ share prices slide amid Iran energy crisis March 9, 2026 Oil importing markets across Asia and Europe suffered a sharp stock sell-off in early morning trading, after crude oil prices rocketed to their highest levels in four years amid the US-Israel war with Iran. The price of oil breached the $100 (£74.90) mark for the first time since the 2022 energy crisis, which was triggered [...]
Whether Trump is right or wrong, peace with Iran was never on the table March 9, 2026 Donald Trump seems to have no idea whether his war with Iran is about nuclear capabilities or regime change, but what’s certain is that the brutal theocracy is a threat to Britain, says Eliot Wilson “War, what is it good for?” asked Edwin Starr. He answered his own question: “absolutely nothing”. There are shareholders of [...]
G7 ministers to discuss joint release of emergency oil reserves March 9, 2026 G7 finance ministers are set to discuss a possible joint release of petroleum from reserves coordinated by the International Energy Agency in an emergency meeting on Monday, as they look to tackle surging oil prices amid the conflict in the Gulf. Ministers will hold a call with International Energy Agency’s (IEA) executive director Faith Birol [...]
Israel expands strikes on Iranian oil as Trump hits out at Starmer March 8, 2026 Israel expanded its attacks on Iranian oil facilities as President Trump hit out at the Prime Minister, telling Keir Starmer he doesn’t need the UK’s military support. The boss of Iran’s oil distribution company told state TV five sites were “damaged” but that the fires have been brought under control. The chief executive of the [...]
Trump promises to hit Iran very hard, after president vows to never surrender March 7, 2026 US president Donald Trump has vowed to continue hitting the country, after Iran’s president has said his country will never surrender to the US and Israel, but apologised to neighbouring countries for launching strikes on them. Presidnet Masoud Pezeshkian said in a state TV speech broadcast on Saturday: “The enemies must take their wish for [...]
Fifa’s credibility is shot because it can’t decide what it wants to be March 6, 2026 Does Fifa want football to be pure sporting competition floating serenely above politics, or a global force for peace? Its current approach is dumbing down, writes Matt Readman. On 21 June 1998, Iran faced the United States at the Fifa World Cup in what was billed as the most politically charged football match in history. Fifa later declared it the match that “football [...]
Iran war: blood, sweat, toil and Keir March 6, 2026 Trump is right: weak, vacillating and indecisive Keir Starmer, overly influenced by his worst cabinet minister Ed Miliband, is no Winston Churchill, says Alys Denby In war, Britain once offered blood, toil and tears – now we must make do with blood, toil and Keir. There is a case to be made that America and [...]
Starmer vows to ‘resist pressure’ over Iran policy amid criticism of UK response March 5, 2026 Sir Keir Starmer has vowed to “resist” pressure on the UK’s response to the conflict with Iran as he defended Britain’s “level-headed” military response. In a press conference on Thursday, Starmer suggested President Trump had left the Middle East “plunged into chaos” with his attack on the Iranian regime over the weekend. He said the [...]
