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strait of hormuz

  • FTSE 100 Live: Stocks take a dip as Trump’s ceasefire in doubt

    April 9, 2026

    Good morning and welcome back to the City PM liveblog. Hopes for peace in the Middle East are on thin ice with the ceasefire unveiled on Wednesday morning already seemingly in tatters. According to Mohammad Bagher Ghalibaf, Iran’s parliament speaker, the US and Israel have already “violated” Iran’s 10-point ceasefire proposal in three ways. And [...]

  • Christian nationalism is a dead end for British conservatives

    April 8, 2026

    JD Vance supports re-election of Viktor Orban because the Hungarian autocrat funds a network of think tanks and writers that are crucial to his own succession of Donald Trump. This is not the way forward for the British right, says Alys Denby “This is the horniest place I’ve ever been,” a fellow attendee said, noting [...]

  • ‘Beautiful thing’: Trump moots US-Iran tax for ships in Strait of Hormuz  

    April 8, 2026

    President Trump has floated the prospect of a “joint venture” with the Iranian leadership on administering a tax on ships passing through the Strait of Hormuz in a new peace deal for the region. Trump said both the US and Iran could jointly tax ships passing through the stretch of water, which is critical for [...]

  • FTSE 100 Live: Blue-chip stocks boom on Trump and Iran ceasefire

    April 8, 2026

    Good morning and welcome back to the City PM liveblog. Markets are in line for a major boom this morning after Donald Trump confirmed a two-week ceasefire with Iran shortly ahead of his latest bomb threat deadline. Trump announced the two-week postponement by stating the US and Iran were “very far along” with a “definitive” [...]

  • FTSE 100 Live: Stocks dip ahead of Trump’s Iran deadline

    April 7, 2026

    Good morning and welcome back to the City PM liveblog. The London market is set to return from the bank holiday break with a major hangover. Whilst the City enjoyed an Easter break, volatile trading continued with Brent crude – the international benchmark for oil – hovering around the $110 mark after see-sawing between gains [...]

  • ‘A whole civilisation will die tonight’: Trump ramps up Iran threats as deadline draws nearer

    April 7, 2026

    Donald Trump has dialled up his threats on Iran warning a “whole civilisation will die tonight” ahead of his latest looming deadline for Iran. The chaotic sentiment has rocked markets across Europe after indexes struggled to find direction during early trading. The FTSE 100 see-sawed between gains and losses as the City market returned from [...]

  • Missing US airman rescued as Trump warns “all hell will rain down”

    April 5, 2026

    The US has said it has rescued a service member missing “behind enemy lines” with Trump vowing to escalate the pressure on Tehran with renewed threats. The US president wrote on social media that the rescued aviator is injured but “will be just fine”, noting the rescue involved “dozens of aircraft”. He wrote: “This brave [...]

  • Two-thirds of hospitality firms to cut jobs as April tax rises ‘suffocate’ sector

    April 1, 2026

    Two-thirds of hospitality businesses will be forced to cut jobs and one in seven will shut altogether as a direct result of “suffocating” April tax rises, leading trade bodies have found.  More than half (51 per cent) of hospitality firms will cancel investment plans and 42 per cent will reduce trading hours, according to a [...]

  • ‘Unprecedented’ – Food inflation to soar to 9 per cent by end of year

    April 1, 2026

    Food inflation will soar from three to nine per cent by the end of this year due to the “unprecedented” energy and supply chain shocks caused by the Iran war, a leading association has warned. The rate of food price growth is currently at 3.3 per cent but will climb to nine per cent by [...]

  • Unilever freezes hiring as Iran war poses ‘significant challenges’

    March 31, 2026

    FTSE 100 giant Unilever has placed a global freeze on hiring for at least three months as the Iran war wreaks havoc on global supply chains and fuel prices. The London-based business, which owns Dove soap and Hellman’s mayonnaise, told staff the ban on hiring will affect “all levels” of recruitment and was taken in [...]

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