Shipping companies are grappling with rising costs and safety risks as hundreds of vessels remain stranded in the Persian Gulf, with no clear timeline for the Strait of Hormuz to reopen amid the Iran war.
Greece surpasses mainland Spain in UK summer bookings after Athens abolishes EU biometric checks for British visitors, offering smoother arrivals.
Greece has overtaken mainland Spain in UK summer holiday bookings after scrapping EU biometric checks, with travel agents reporting a clear shift in demand.
Next has increased its predicted Iran war impact to £47 million, up from £15 million, citing higher transport and energy costs. Price hikes of up to 8% in some markets are planned, but UK prices remain stable.
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Oil prices fell 2% and global stock markets rallied after Donald Trump signaled progress toward a final agreement with Iran, pausing naval escort operations in the Strait of Hormuz.
Oil prices fell nearly 2% and global stocks hit record highs after Trump hailed progress on an Iran agreement. Asian markets surged, with Samsung topping $1 trillion.
Oil prices fell and Asian stocks surged after Trump paused Strait of Hormuz operations, citing progress in Iran peace talks. Markets rallied on AI demand and earnings.
Bayern Munich have offered Anthony Gordon a five-year contract amid interest from Arsenal and Liverpool. Newcastle seek £75m+ for the winger.
Ineos Energy acquires 21% stake in Shell's Gulf of Mexico assets, investing over $3 billion in US energy amid criticism of European policy.
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The RAC warns petrol prices could climb further as wholesale costs hit highs since Iran war began, with a 5p per litre increase expected soon.
India faces a Diet Coke shortage due to Iran war disrupting supply chains, sparking exclusive parties in Delhi and Mumbai where fans pay for access to the drink.
Ineos Energy acquires 21% stake in Shell's Gulf of Mexico assets, shifting investment from Europe to the US due to stable energy policy.
Jet fuel costs surge due to Middle East conflict, prompting airlines worldwide to cancel flights, raise fares, and impose surcharges. Spirit Airlines ceases operations.
AB InBev reports a surprise 0.8% rise in Q1 sales volume, driven by beer brands, and eyes the FIFA World Cup for further growth.
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Airlines have slashed two million seats for May as jet fuel shortages from the Iran war worsen. Gulf carriers are hit hardest, while Lufthansa and Air China cut flights. UK faces rationing risk.
Goldman Sachs warns the UK is at dire risk of jet fuel rationing due to shortages caused by the Iran war and Strait of Hormuz closure, with prices doubling and airlines canceling flights.
Treasury Secretary Scott Bessent assures Americans that gas prices, nearing $4.50 per gallon, will drop as the US works to reopen the Strait of Hormuz and boost oil supply.
A retired engineer's fusion snack, haggisxinha, combining Scottish haggis and Brazilian coxinha, becomes a culinary sensation ahead of the World Cup match between Scotland and Brazil.
The UK imports jet fuel from Nigeria's Dangote refinery, accused of union-busting, to avert summer shortages amid Hormuz closure.
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The US military guides commercial ships through the Strait of Hormuz, as the UAE warns of Iranian attacks and reports a drone strike on an oil facility.
Barcelona have joined elite clubs monitoring Bournemouth's Eli Junior Kroupi, the 19-year-old who has scored 12 Premier League goals this season. The club faces a summer of change with a new manager and technical director.
Fifa has not yet secured broadcast deals for the 2026 World Cup with India and China, risking a blackout for billions of fans just weeks before the tournament.
With the World Cup weeks away, Fifa has yet to secure broadcast deals in India and China, risking a blackout for billions of fans.
President Trump announces 'Project Freedom' to guide neutral ships through the Strait of Hormuz, deploying 15,000 troops. Iran threatens retaliation, warning against any foreign military approach.
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PM Starmer says joining the EU's 90 billion euro loan for Ukraine will create UK jobs and strengthen ties with the bloc. The UK will announce its bid at the EPC summit in Yerevan.
A global jet fuel shortage, sparked by Middle East conflict, forces airlines worldwide to cancel flights, hike fares, and add surcharges. Spirit Airlines faces collapse.
Donald Trump announces 'Project Freedom' to guide stranded ships from the Strait of Hormuz, as Iran reviews US response to its peace proposal and oil prices ease.
Seven OPEC+ countries, including Saudi Arabia and Russia, agree to a modest production increase from June for market stability, while Iran's blockade of the Strait of Hormuz disrupts global oil flows.
UK airlines can cancel or consolidate flights this summer to conserve jet fuel due to Middle East war disruptions, avoiding last-minute chaos with advance notice.
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US crude oil exports reached a record 5.2 million barrels per day in April as the Strait of Hormuz remains blocked, with Texas ports seeing historic traffic and a 30% uptick.
