Iran war: Oil prices jump above $100 for first time in four years

Delivery firm DPD could face disruption to its services after some of its drivers began three days of action in a dispute over payments. The drivers involved are refusing to work for three days after DPD said it was cutting the amount it pays for deliveries of small parcels by 65p. One driver told the…

Since the conflict began, the price of oil has soared and is currently trading at over a third higher at $100 a barrel, pushed up by air strikes on shipping and energy infrastructure, and the effective closure of the Strait of Hormuz, a vital waterway for energy shipments, which carries a fifth of global oil…

Plans to relax restrictions on new oil and gas drilling in the North Sea will be unveiled on Wednesday under the government’s North Sea Strategy. Chancellor Rachel Reeves will announce the publication of the strategy as part of her Budget speech, the BBC understands. The Department for Energy Security and Net Zero will release a…