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Darren Jones suggests cost of energy, food and flights will remain high after de-escalation and Hormuz strait reopensThe UK faces higher prices for food and fuel for at least eight months after the war in Iran ends, a minister has said. The closure of the strait of Hormuz, a key shipping lane that carried a fifth of global oil and gas, has sent oil prices soaring since the US and Israeli attacks on Iran began in February. Darren Jones, the chief secretary to the prime minister, said the conflict would probably continue to raise prices for energy, food and flights in the coming months as potential issues around energy supplies affect production, rather than lead to shortages on supermarket shelves. The UK government has urged motorists to fill up their cars as usual amid higher prices at the pumps and for air travellers not to change their plans over potential jet fuel shortages. Jones told the BBC’s Sunday with Laura Kuenssberg programme: “You’re going to see prices go up a bit as a consequence of what Donald Trump has done in the Middle East. “That’s probably going to come online not just in the next few weeks, but the next few months. There’s going to be a long tail from this.” Asked how long higher prices might remain, Jones suggested it would be around eight months after the strait of Hormuz was unblocked and a de-escalation of the conflict had taken place. “I think our best guess is eight-plus months from the point of resolution that you’ll see economic impacts coming through the system,” he said. Donald Trump announced an indefinite extension of the US ceasefire with Iran last week that paused most of the fighting, but further efforts towards ending the conflict have been unsuccessful after the US president told his envoys not to travel to Pakistan for talks at the weekend. The UK government is stepping up planning for how to offset the impact, focusing on the live monitoring of stock levels and what plans are in place for addressing supply chain disruption. Jones said: “The government here in the UK, the work that I’m doing with the prime minister is looking at all of those things and saying, ‘What can we do within our power to help people to get through those difficult times?’” The government is also looking to secure stocks of carbon dioxide, which is used in the food industry and by breweries to make drinks fizzy, as well as for defence purposes and medical uses such as MRI scanning. Jones said he was seeking to ensure there was an adequate supply of beer for fans watching the men’s football World Cup which starts on 11 June. He said: “I raised this issue because if there is a problem with jet fuel on holidays and carbon dioxide on beer, the summer might be pretty depressing for people, but we’re doing everything we can to make sure that it’s not the case.” The Liberal Democrats have called for a bill to be included in the next king’s speech in May to put food security at the top of the government’s agenda. Continue reading...

Opposition leader also says ‘we have seen terrible acts of atrocity coming from Gaza’ as he doubles down on immigration policyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe opposition leader, Angus Taylor, has said “there is a higher risk that some bad people come from those bad countries”, doubling down on his immigration policy and refusing to call out Pauline Hanson’s hardline stance.Speaking to the ABC’s Insiders program on Sunday, Taylor also defended preferencing One Nation above the independent community candidate, Michelle Milthorpe, in the upcoming Farrer byelection, arguing the teals “vote with the Greens”. Continue reading...

Cerina Fairfax in Virginia and Nancy Metayer in Florida were also killed by their husbands, yet deaths of Black women are least likely to garner calls for policy changeOn Sunday, eight children were shot and killed in the deadliest US mass shooting in nearly two years. The gunman was the father of seven of the deceased children and the cousin of another.Three others were shot and injured: the shooter’s wife, with whom he shared four children, the mother of his other three children, and a 13-year-old boy. Continue reading...

Analysis by IFS shows George Osborne’s mortgage schemes launched in 2013 had little effect on social mobilityHigher-income households were the biggest beneficiaries of George Osborne’s Help to Buy mortgage schemes, introduced in the 2010s, according to an analysis by the Institute for Fiscal Studies (IFS) thinktank.Launched by the Conservative-Lib Dem coalition government in 2013, Help to Buy involved two separate schemes aimed at making home ownership more achievable in a period of rapid house price growth. Continue reading...

Airline projected a $2bn increase in fuel costs this quarter amid volatility in oil markets sparked by the warThe CEO of Delta Air Lines, Ed Bastian, braced customers for higher fares following the surge in oil prices sparked by the US-Israel war on Iran, amid strong demand from passengers.Though rising oil prices have cost the company an extra $330m in fuel expenses, and it projected a $2bn increase in fuel costs in the current quarter, Delta forecast that revenue would grow 10% as flyers continue to book flights. Continue reading...

Delta, United and JetBlue hiked rates even as Delta announced $1bn pre-tax profit in quarter ending JuneMiddle East crisis – live updatesSign up for the Breaking News US newsletter email Several major US airlines have raised their baggage fees in recent days, blaming ongoing volatility in oil markets caused by the US-Israeli war in Iran that has almost doubled jet fuel prices.On Tuesday, Delta followed the lead of United Airlines and JetBlue, which announced last week that they were hiking baggage prices because of the ongoing war. Continue reading...

• U.S. stocks edged higher on March 30, 2026, with the S&P 500 rising 0.2% in afternoon trading after its worst week since the war with Iran began. • The Dow Jones Industrial Average gained 257 points, or 0.6%, while the Nasdaq and Russell 2000 also advanced amid ongoing market volatility. • Oil prices continued climbing due to uncertainty over the timeline of the U.S.-Iran war, contributing to swinging trading sessions on Wall Street.

Washington-based fund says rising energy and food costs will hit economies worldwide and could leave lasting scarsThe International Monetary Fund has warned that “all roads lead to higher prices and slower growth worldwide” should the conflict in the Middle East continue to throttle the amount of oil, gas and fertiliser making its way out of the Gulf.In a stark message that countries on all continents will be affected, the Washington-based organisation said a rise in energy and food costs would harm economic growth this year and could leave lasting scars on the global economy. Continue reading...

• A new American College of Cardiology study of over 6,800 U.S. adults shows consuming more than nine daily servings of ultra-processed foods raises heart attack, stroke, or death risk by 67% compared to one serving. • Each additional serving increases risk by over 5% overall and more than 6% among Black Americans, with findings presented at the ACC Annual Scientific Session in New Orleans on March 28-30. • Dr. Michele Arthurs of Kaiser Permanente advises checking labels and strategies like pre-eating healthy meals or pairing chips with oranges to cut intake.

Latest figures from ACCC show diesel and unleaded petrol prices across the five largest cities up 10% and 8% respectivelyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe prime minister and energy minister moved to reassure the public about normal or even higher levels of fuel supply in the coming weeks, as the Coalition escalated calls for a cut to the fuel excise and the government downplayed the prospect of any major restrictions on petrol sales.It comes as the latest figures from the consumer watchdog showed diesel prices across Australia’s five largest cities have risen by an average of 10% over the last week, while unleaded petrol was up 8%. Continue reading...

Higher blend has been prohibited in warm weather because of concerns it could worsen smogThe US Environmental Protection Agency said Wednesday that it would temporarily allow widespread sales of a higher ethanol gas blend in a move that they hope will tamp down consumer prices that have soared since the Iran war began.The higher blend has been prohibited in warm weather because of concerns it could worsen smog. Continue reading...

• U.S. stocks closed higher on Monday, March 23, 2026, with the Dow Jones Industrial Average rising 1.4% or 631 points to 46,208.47 amid hopes of easing Middle East tensions. • Nasdaq Composite advanced 1.4% to 21,946.76 led by Albemarle Corporation's 3.5% gain, while S&P 500 gained 1.2% or 74.52 points to 6,581.00 with all 11 sectors positive. • Consumer Discretionary (XLY), Materials (XLB), and Technology (XLK) sectors rose 2.5%, 1.5%, and 1.5% respectively; VIX fell 2.4% to 26.15 on higher trading volume of 27.94 billion shares.

Finding suggests as many as 155,000 deaths, likely occurring outside of hospitals, not recognized at Covid relatedThe Covid-19 pandemic’s early death toll was much higher than the official US count, according to a new study that spotlights dramatic disparities in the uncounted deaths.About 840,000 Covid-19 deaths were reported on death certificates in 2020 and 2021. But a group of researchers – using a form of artificial intelligence – estimate that as many as 155,000 unrecognized additional deaths likely occurred in that time outside of hospitals. That would mean about 16% of Covid-19 deaths went uncounted in those years. Continue reading...

• U.S. stocks ended higher on March 17, with the Dow Jones up 0.1% to 46,993.26, S&P 500 up 0.25% to 6,716.09, and Nasdaq up 0.47% to 22,479.53. • Energy sector led gains at 1.02% amid oil surge tied to Middle East tensions, while health care lagged down 0.92%. • Investors await Federal Reserve policy guidance from its latest meeting, boosting market sentiment despite volatility.

Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warnFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSurging interest rates and petrol prices have stripped more than $1bn a month from Australian household budgets as economists warn of recession risks.Consumers are preparing for rates to surpass their recent highs after the Reserve Bank delivered back-to-back hikes ahead of an inflation spike driven by the US war on Iran. Continue reading...

Most coastal risk assessments have underestimated current sea levels, meaning tens of millions of people face losing their homes to rising waters earlier than expected