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UK Economy Shows No GDP Growth in January Amid Rising Energy Prices

The UK economy showed no GDP growth in January 2026, with services stagnant and production slightly down. Rising energy prices and a property sector slump add to economic concerns amid geopolitical tensions.

4 min read

US Temporarily Allows Purchase of Sanctioned Russian Oil Amid Iran Conflict

The US permits purchase of sanctioned Russian oil on vessels at sea to stabilize energy markets amid the US-Israel-Iran conflict. Attacks in the Gulf and closure of the Strait of Hormuz have driven oil prices above $100, prompting international responses including IEA oil release and regional fue...

3 min read

AFP via Getty Images A petrol pump is used to fill up a car with Eurosuper 95+ at a gas station in Wezembeek-Oppem on March 12, 2026.

CMA Warns UK Fuel Retailers Against Profiteering Amid Iran Conflict

The UK CMA warns fuel retailers against profiteering amid rising prices caused by the US-Iran conflict, demanding transparency and fair pricing to protect consumers.

3 min read

Person filling vehicle with diesel as fuel prices rise

Why Are Oil Prices Experiencing Unprecedented Volatility Amid Middle East Conflict?

Oil prices have surged and plunged amid Middle East conflict, driven by attacks on infrastructure and the closure of the Strait of Hormuz. Market volatility reflects supply concerns, geopolitical tensions, and strategic reserve releases.

5 min read

Reuters A worker prepares to fill an underground storage tank at a gas station in the Philippines.

Customer Sues Costco to Return Tariff Refunds to Shoppers

A US Costco customer has sued the retailer to compel refunding shoppers for tariffs paid, amid $166bn in US tariff refunds following a Supreme Court ruling.

3 min read

Getty Images A worker wearing black and an orange vest pushes a line of shopping carts past the entrance to the Costco Wholesale Store in Clackamas, Oregon.

Estée Lauder Sues Jo Malone Over Name Use in Zara Collaboration

Estée Lauder Companies is suing Jo Malone and Zara over the use of Malone's name in a collaboration, citing trademark infringement and breach of contract related to rights acquired in 1999.

2 min read

Getty Images A Jo Malone shop with people walking past it.

Iran Conflict Exposes Global Dependence on Gulf Oil and Gas Supplies

The US-Israel-Iran conflict highlights global dependence on Gulf oil and gas, with Asia particularly affected by supply disruptions, rising fuel prices, and efforts to manage energy shortages amid geopolitical tensions.

5 min read

Getty Images Motorcyclists packed in a long queue a petrol station in Bangladesh

John Lewis Restores Staff Bonus for First Time Since 2022

John Lewis will pay its staff a 2% bonus for the first time since 2022 after reporting profit growth amid a major turnaround during the pandemic.

1 min read

Getty Images Woman with a John Lewis shopping bag in the department store

Stagflation Concerns Rise as Iranian Attacks Push Oil Prices Above $100

Iran's escalating attacks on Gulf energy infrastructure have pushed Brent crude above $100, raising fears of stagflation and prompting Goldman Sachs to revise oil price forecasts and delay Fed rate cuts.

3 min read

A flare stack at a chimney at the Mathura Oil Refinery.

Heating Oil Users Face Soaring Prices Amid Supply Concerns

Heating oil users in the UK face soaring prices amid supply challenges, with calls for government intervention to prevent price gouging and support vulnerable households.

3 min read

BBC A man in a black turtleneck jumper stands in his garden. Behind him is a big green plastic tank filled with heating oil.

Oil Surges Past $100 Despite Historic Release of Emergency Reserves

Oil prices surged past $100 a barrel despite a historic release of 400 million barrels from IEA reserves amid Iran tensions and supply concerns.

2 min read

Reuters A worker helps a motorcyclist top up fuel for his bike. Behind him are more than five other bikers queuing for fuel.

US Opens Trade Probe Into EU, China, India and Other Major Partners

The US has launched a Section 301 investigation into major trading partners including China, the EU, and India, following a Supreme Court ruling against Trump's tariffs. New levies could be imposed by summer as talks with China continue.

2 min read

Bloomberg via Getty Images Container ships at the Port of Long Beach in Long Beach, California, US, on Friday, Feb. 20, 2026. President Donald Trump imposed a 10% global tariff on foreign goods, moving quickly to preserve his trade agenda after the US Supreme Court struck down many of the levies he imposed last year.