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Why the Northern Powerhouse Rail plan will really go ahead this time
Posted on“Build it from the north” was the cry from transport experts for years as tens of billions of pounds were channelled into projects in the south east, London, and even HS2’s viaducts, verges, and bat tunnels in the home counties. The wide-ranging Northern Powerhouse Rail (NPR) plan is not just about rail expansion to realise…
Oil briefly falls below $100 and shares jump on Trump Iran war pledge
Posted onOil prices have surged as much as 64% in March – when they reached nearly $120 a barrel – in the biggest monthly gain since 1990 when Iraq’s invasion of Kuwait took both countries’ oil off the market, resulting in an energy supply shock, said Nicolas Daher from the Economist Intelligence Unit.
US considers lifting sanctions on some Iranian oil
Posted on“To put it mildly, this is bananas,” said David Tannenbaum, director of Blackstone Compliance Services, a consultancy specialising in maritime sanctions. “Essentially we’re allowing Iran to sell oil, which could then be used to fund the war effort.”
