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.

Thursday’s headlines are made up of a variety of domestic and international stories.

Chancellor Rachel Reeve’s budget continues to be scrutinised as does other Labour plans. There’s further coverage of the assisted dying bill and a handful of reports regarding the NHS and other medical stories.

Images of Donald Trump and Joe Biden meeting at the White House following Trump’s election victory last week feature on some of the front pages. Whilst a handful of newspapers report the latest from the US as their lead story.

There is also some very light coverage of the recent report from the US that says Israel is committing ‘crimes against humanity’ in Gaza.

Showbiz gossip makes up the tabloids with the latest from I’m a Celebrity and the death of actor Timothy West filling up the space.

Several tabloids – and the back pages – report on a shocking new video of David Cootes appearing to sort a white powder. Cootes – a Premier League referee – had already been suspended after a video emerged of his X-rated rant about Liverpool and Jurgen Klopp.

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