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Trump and Xi to meet in Beijing: The key issues shaping the China summit

Iran may be one of the few areas where US and Chinese interests overlap, as both countries benefit from stable energy flows through the Gulf. “Both sides would like to see the strait opened,” said

Airlines demand UK relax noise rules and cut flight tax as fuel shortage looms

Iran or the US blockade the strait of Hormuz. Last week the head of the International Energy Agency said flight cancellations would come soon if oil supplies from the Middle East were not restored, adding

As US-Iran talks remain ‘stalled’, experts warn of ‘long-term disruptions’

Iran on February 28. Tehran retaliated by closing off the Strait of Hormuz, the narrow channel linking the Gulf to the Gulf of Oman, through which approximately 20 percent of the world

With oil markets nearing the danger zone, a US-Iran deal can’t come soon enough | Heather Stewart

Iran predictably responded to the onslaught from the US and Israel by closing the strait of Hormuz. That price remains well below historic highs, and because it has not surged into the stratosphere

Iran’s President Pezeshkian seeks to quash divided leadership narrative

Hormuz, as long as the US naval blockade of Iran’s ports remains, [ramping up the pressure](/news/2026/4/29/irans-currency-falls-to-new-low-as-us-blockade-sanctions-impact-trade) on Iranian households. “But the Americans do not want to give any concessions. They started the naval

Europe has only six weeks’ supply of jet fuel left due to Iran war, says energy chief

closed the strait of Hormuz, a [vital export route for oil from the Gulf](https://www.theguardian.com/world/2026/apr/08/us-iran-ceasefire-mass-exodus-ships-strait-hormuz-analysts). The US and Iran last week agreed a two-week ceasefire, but talks on ending the war failed

UAE reports drone strike near Abu Dhabi nuclear power plant

impact on radiological safety levels, local authorities said. The country's defence ministry said in a statement that investigations were under way "to determine the source of the attacks". It added that it remained "fully

Gas prices went up more than 30 cents a gallon last week. How high could they go?

Iran ends, that gas prices will "drop like a rock." It is unclear when the war will end, but even when it does and the Strait of Hormuz is reopened, gas prices could still remain

UK consumers likely to face higher prices ‘for many months to come’

Iran over the weekend, the business body predicted lasting effects whatever the outcome. “Even if the current ceasefire soon signals the end of the conflict, the economic reverberations will be felt for many months

Takeaway coffee sales plunge as fuel and living costs dent Australian spending. Is the economy next?

Iran conflict. “We are hearing from cafes and restaurants around the country that they’ve seen a slowdown in what patrons are purchasing,” says Wes Lambert, chief executive of the Australian Restaurant & Cafe Association. “Unfortunately

What's happening to UK petrol and diesel prices?

Hormuz. About 20% of the world's oil and liquefied natural gas normally passes through the strait, but it has been effectively closed since the war began. A ceasefire between the US/Israel and Iran that

Australian military plane to join efforts to reopen strait of Hormuz, as Marles leaves door open to sending more assets

closed or heavily restricted since the beginning of the US-Israel assault in February. Marles said the meeting had resolved to back “collective diplomatic, economic and military capabilities to support freedom of navigation through

Guardian Essential poll: Australians want higher tax on gas exports and extension of petrol excise cut

impact of the Iran war bites,” said Peter Lewis, executive director of Essential Media. “This creates real challenges for the treasurer leading into the budget, but there is strong support for measures to review housing

Even if the Iran war ended today, US fuel prices aren’t likely to normalize this year

Iran in late February, says [Denton Cinquegrana](https://www.opis.com/blog/post-author/denton-cinquegrana/), chief oil analyst at Dow Jones Energy. “For retail prices to drop $1.50, I think we could kiss that number goodbye for 2026,” he says

Britain to create joint naval force with nine European countries as ‘complement’ to Nato

closed after the US-Israel war in Iran that “Russia remains the gravest threat to our security”. In a speech, the first sea lord said the 10 members of the Joint Expeditionary Force

Iran sees mass redundancies from war with US and Israel

closed down after being hit by air strikes. It also includes other manufacturers, retailers, import and export business, and the digital sector. "You can see it from the emptiness of the metro," posted one user

Iranian FM Araghchi to visit Pakistan as talks with US set to resume

Strait of Hormuz are key sticking points that in recent days have threatened to rupture Pakistan’s mediation efforts. For the residents of Pakistan’s capital, the equation is simpler – if frustrating: They want

Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?

Hormuz is reopened.” Which means despite the IMF’s grim warnings, investors have “already decided that the risk of recession is receding”. [Sign up for the Breaking News Australia email](https://www.theguardian.com/email-newsletters?CMP=copyembed&CMP=emailbutton) Oliver

EU faces ‘China shock’ as EV imports drive Beijing’s record surplus with bloc

Iran war with the “largest quarterly growth figures … since 2022”. Soapbox figures released last week showed that exports from the EU to China fell 16.2% in February, with pork shipments notably in decline. Although China

Katya Adler: Europe's Nato allies push back at reported US threat to Spain

impact, reared its Medusa-like head. Again. "No worries," Spain's determined-to-appear calm prime minister, Pedro Sanchez, said to waiting journalists as he arrived at the leaders' summit. "We are fulfilling our obligations