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The Latest Breaking News from PA Graphics

Maersk hikes shipping prices to offset cost hit from Iran war

Chief executive Vincent Clerc said the closure of the Strait of Hormuz could start impacting global trade and consumer demand.

Evening Standard

Airlines axe 120 UK flights in May amid concern over jet fuel shortages

This represents 0.53% of all flights.

Evening Standard

More than 100 flights from UK airports cancelled this month as June sees reduction

Cancellations coincide with the final week of May, a peak holiday period for many schools' half-term breaks

The Independent UK

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Oil prices drop below 100 dollars a barrel on renewed hopes over peace deal

The cost of benchmark Brent crude dropped 11% to under 98 dollars a barrel.

Evening Standard

Iran war could cause job losses in Britain, minister warns

Pat McFadden said the impact of the continued closure of the Strait of Hormuz could feed through to the UK labour market.

Evening Standard

Bank signals interest rates could rise as Iran war to push up cost of living

The new outlook comes as interest rates were held at 3.75% on Thursday.

Evening Standard

King would have probably helped with military strikes against Iran, says Trump

The president has repeatedly lambasted the UK for failing to join attacks on Tehran and branded Sir Keir Starmer weak and indecisive

Evening Standard

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Trump warns Iran ‘no more Mr Nice Guy’ as he calls for nuclear deal

Oil prices surged on Wednesday as the US president ramped up his threats against Tehran.

Evening Standard

Taylor Wimpey says house building costs rising amid higher energy prices

Shares in the FTSE 250 firm slipped in early trading.

Evening Standard

Starmer to chair ministerial meeting focused on economic impact of Iran war

The Middle East Response Committee will meet on Tuesday.

Evening Standard

Trump issues ‘shoot to kill’ order for boats laying mines in Strait of Hormuz

President Donald Trump has also directed the US navy to step-up clearance of the explosive devices from the critical Gulf waterway.

Evening Standard

Cost inflation for UK firms jumps to three-year high amid Iran war

Survey data also found that private sector growth rebounded this month as firms sought to build up stocks.

The Independent UK

UK welcomes ceasefire extension after ship attacks in Strait of Hormuz

Foreign Secretary Yvette Cooper called for a ‘full reopening’ of the key shipping passage.

Evening Standard

Iran regime able to ‘absorb pain’, says British ambassador to US

Tensions remain high between Washington and Tehran as the end of a fragile truce in the Middle East conflict draws near.

Evening Standard

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Evening Standard

Cooper says talks between US and Iran must lead to toll-free Strait of Hormuz

The Foreign Secretary said that proposals have been circulating from Tehran to introduce tolls on the crucial waterway.

Evening Standard

Cooper to warn of dangerous precedent of any Iranian tolls in Strait of Hormuz

The Foreign Secretary is expected to focus on UK–Japan co-operation amid ongoing geopolitical uncertainty during a trip to Tokyo.

Evening Standard

UK to make ‘wide-ranging military contribution’ to Hormuz mission, says diplomat

The commitment by Sir Christian Turner comes amid long-standing concerns over the state of the nation’s armed forces.

Evening Standard

Starmer blames Foreign Office over revelations Mandelson failed security vetting

The Prime Minister described the failure to inform him that the Foreign Office had overruled the vetting team was ‘staggering’.

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Evening Standard

Oil price falls as Iran says Strait of Hormuz ‘completely open’

The announcement came as Sir Keir Starmer and Emmanuel Macron led talks in Paris to safeguard the oil and gas shipping route after the Iran war.

Evening Standard

Keir Starmer arrives in Paris for Strait of Hormuz talks

The Strait of Hormuz has been blockaded by Iran since the US-Israeli strikes on the country began, threatening world oil supplies.

Evening Standard

Starmer to say opening Strait of Hormuz ‘global responsibility’ at Paris meeting

A fifth of the world’s oil normally flows through the crucial shipping lane.

Evening Standard

Reeves warns impact of Iran war on economy will persist once hostilities end

The Chancellor and international counterparts said the conflict had caused ‘unacceptable loss of life’ and ‘significant’ economic turmoil.

Evening Standard

Chancellor to hold talks with US counterpart after strong criticism of Iran war

Rachel Reeves has gone public with her anger and frustration at the ‘folly’ of America’s actions in the Middle East.

The Independent UK

Reeves to hold talks with US counterpart after hitting out at Trump’s ‘folly’ over Iran war

Rachel Reeves has gone public with her anger and frustration at the ‘folly’ of America’s actions in the Middle East

Evening Standard

Rachel Reeves hits out at ‘folly’ of Trump’s Iran war amid IMF growth warnings

The IMF has said in its latest forecasts that the war would result in weaker than previously expected UK economic growth.

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