Source: JP Morgan via Marketwatch In normal times, about 20 percent of the world’s oil production passes through the Strait of Hormuz. That flow has been cut off except for Iranian oil and a few other ships that the Iranians allow through. This disruption has led to a significant increase in oil prices in the … Read more
Latest figures from the Department for Work and Pensions (DWP) reveal the National Pension currently provides an average income for 13.2 million adults across the country. This payment is available to those who have reached the UK Government’s eligible retirement age, which is currently 66 for men and women, and have made at least 10 … Read more
House price growth picked up in March, but conflicts in the Middle East have clouded the economic outlook and could lead to a slowdown in the housing market, according to the report. Annual growth in UK house prices rose to 2.2% in March, up from 1.0% in March, the National Institute for Construction reported. Property … Read more
Good news: Oil traders are betting the Iran war will end soon. The bad news: They also bet the economic damage from the war could last for years. Crude has soared above $110 a barrel, making $4-a-gallon gas and $5.40 diesel a painful reality in the United States. But when we say “crude is trading … Read more
NEW YORK — US gas prices rose above an average of $4 a liter for the first time since 2022 on Tuesday as the war in Iran pushed up global fuel prices. According to the AAA motor group, the national average for a gallon of regular gasoline is now $4.02 – a dollar more than … Read more
The FTSE 100 (^ FTSE) and European stocks rose on Tuesday morning after a Wall Street Journal report that Donald Trump told his aides that he was willing to end the US military campaign against Iran, even if the Strait of Hormuz remained largely closed. The US president has assessed that the mission to open … Read more
Item 1 of 5 Shoppers walk along Regent Street in London, Britain, May 15, 2025. REUTERS/Maja Smiejkowska/File Photo [1/5]Shoppers walk along Regent Street in London, Britain, May 15, 2025. REUTERS/Maja Smiejkowska/File Photo Purchase Licensing Rightsopens a new tab UK GDP confirmed at +0.1% in Q4 The Iran war is expected to be a major concern … Read more
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Trump and Powell’s comments keep markets close. US stocks finished higher on Monday as oil prices rose, as investors reacted to comments from President Donald Trump and Federal Reserve Chairman Jerome Powell on the Iran conflict. The S&P 500 fell 0.4% and the Nasdaq Composite fell 0.7%, while the Dow Jones Industrial Average rose slightly. … Read more
If you’re planning to buy a home and the idea of an adjustable rate mortgage doesn’t scare you, you may be a good candidate for an adjustable rate home loan. Although subprime mortgages are popular, ARMs can be a smart financing choice for people who intend to rent or flip the property they are buying, … Read more