Strait of Hormuz

Analysts believe Russia’s stepped-up strikes are an attempt to reclaim an advantage in potential peace talks

Representatives back resolution aimed at stopping war until hostilities are authorised by US Congress in blow to Trump

Donald Trump is demanding an end to Tehran’s nuclear programme

Growth rates would tumble to levels rarely seen outside of big global events such as the Covid-19 pandemic, report says

Negotiations ongoing with deal to extend ceasefire and reopen Strait of Hormuz to be struck over ​the next week, Trump claims

Brent crude futures rose nearly 3% to $94 a barrel, which in turn prompted a selloff in government bonds

US struggles to find a resolution the president will find acceptable

Looking at the AI boom now recalls the chaotic dot-com bubble of the late 1990s, though there is little doubt that jobs are on the line

Tehran says agreement has not been finalised

An average ‌of 11 children have been killed every ​24 hours in Lebanon, according to the UN children’s agency

Electricity and gas supplier becomes the latest to announce increase

Preliminary inflation figures are due across Europe later today, along with Canadian GDP

Electric Ireland also announced a 7.7% rise in the cost of domestic gas

Escalation in hostilities highlights threats ​to the tenuous ceasefire between the warring countries

Defence manufacturers tick higher in London

Fresh attempt by Washington to raise pressure on Iran leaves two sides far apart on deal

US president made comment in casual aside during cabinet meeting

Euronext Dublin finished up 0.5% after a tumultuous day’s trading full of swings and roundabouts

Euronext Dublin finishes session down 1.2% with most major names in the red

Israeli forces expand operations in southern ​Lebanon after warning of escalated attacks

Minister wants progress on renewable energy, says public are ahead of Government on issue

US president’s demand was met with silence on a recent conference call with Middle East leaders

Tehran says ‘contradictory statements’ from US and Israeli interference hindering negotiations

News agency close to the Islamic Revolutionary Guard Corps suggests Strait of Hormuz would remain under Iranian control, a US red line

Oil futures markets are sanguine, but history shows expectations have often been disappointed

Iran has threatened to impose tolls on shipping, while US demands that Iran hand over its highly enriched uranium may be deferred

Markets optimistic about signs of progress in US-Iran peace talks

Micheál Martin offers help of Irish officials involved in peace process to Vatican Middle East efforts

Iranian supreme leader reportedly issues directive that near weapons-grade uranium should not be sent abroad

Tehran accuses US president of planning to restart war, threatens to retaliate for any strikes with attacks beyond Middle East

Do we really want capitalism at its finest?

US president says he was ‘an hour away from making the decision to go’ with fresh military offensive against Tehran

US could find itself having to operate on two maritime fronts rather than one

Little-known oil product at the heart of a supply crunch grips public attention as Middle East turmoil pushes up prices and rattles Japan’s economy

US president signals ‘full, large-scale assault’ on Iran but declares hours later he is holding off on a fresh attack

Mediator Pakistan says both sides ‘keep changing their goalposts’ and ‘we don’t have much time’

Traders shake off worries about prolonged spike in oil prices – for now

Officials advised developing world could face ‘significant food shortages and price increases’ before year’s end

Drone strike causes fire at UAE nuclear power plant as efforts to end war in Gulf stall

Low-cost air travel may be a thing of the past as rising fuel prices tip carriers into another crisis