Ministers rebuff trade body's call to boost North Sea oil and gas production
The UK government dismisses warnings about increasing reliance on energy imports amid global instability and calls for more domestic oil and gas production.
Investors are expecting Donald Trump to back down in the war with Iran but what if he doesn't?
Middle East conflict risks oil supply disruption through Strait of Hormuz, causing global oil prices to surge 17% and triggering significant market volatility across Asia while Western markets remain relatively resilient.