All news on the topic: Brent Crude

Britain’s borrowing costs have rocketed to levels not witnessed in decades, as escalating Middle East conflict and surging energy prices rattle bond markets.

The UK’s borrowing costs have climbed to their highest level in almost two decades as fears rocket over rising oil prices that could keep interest rates elevated.

Donald Trump has warned Iran it has a “last chance” to sign a “good document”, as he insisted talks were under way despite Tehran denying negotiations with the US were taking place.

Motorists in the UK are warned petrol prices are likely to hit 160p per litre from Friday, a new record since the start of the Iran war.

UK borrowing costs soared yesterday amid a global bond market rout sparked by a surge in the oil price back above $100.

Europe’s STOXX 600 hit a record high on Monday, boosted by a relief rally across most sectors after the United States and Iran reached a preliminary agreement ‌that would open the Strait of Hormuz and end the three-month-long war in the Middle East.

Iran has warned it will attack US Navy ships if they enter the Strait of Hormuz, hours after President Donald Trump announced a plan to “guide”.

Volatile energy prices have handed a windfall to BP in an early boost to efforts by its new boss to restore confidence in the oil major.