Oil falls back below $100 a barrel after G7 ‘stands ready’ to release crude reserves; Reeves says financial markets are ‘functioning’ – business live
Finance ministers from G7 countries resist pressure to release emergency oil stocks at video call todayIran war drives oil prices above $100 a barrel for first time since 2022UK interest rate cuts unlikely this year amid Iran war – and a rise could be aheadResearch show that poorer people are hit hardest by surging oil prices.As our economics editor Heather Stewart wrote yesterday:Recent research published by econom…
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