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G7 stands ready to release emergency oil reserves
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. G7 finance ministers said they would take the “necessary measures” to tackle the surge in oil prices but stopped short of agreeing on a release of strategic petroleum reserves after an emergency meeting on Monday. In…
Price of first class stamp rises to £1.80
“Sometimes it feels that second class is literally the last thing that Royal Mail look at, in preference to parcels, but a lot of people use second class, a lot of online retailers use second class, because it is an affordable option for both us and the customer.”
Watch: How war in Iran may affect food and fuel prices
As the US and Israel continue strikes on Iran, and with retaliatory strikes hitting nearby Middle East states, key shipping routes are being disrupted. Oil and gas production in the region is also being affected. The BBC’s Nick Marsh examines how the war could cause a rise in living costs around the world.
