Business

Oil prices surged above $106 per barrel amid escalating US-Iran tensions in the Strait of Hormuz, following reciprocal vessel seizures. The increase represents a nearly 5% rise since late Wednesday, reflecting concerns over shipping disruptions in a key global energy transit route.

CITY AM reports Heathrow and Gatwick Airport’s plans for another runway are “f***ing off the wall” and far too expensive, Ryanair’s chief executive Michael O’Leary has said.

CITY AM SAYS The City’s small investment banks and brokers have been through a wave of consolidation in the past 12 months. Could Peel Hunt be next?

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