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“But experts fear that the situation could get worse within days, as speculation mounts that Donald Trump is planning new bombing raids on Iran after next week's midterm elections in the US, which would drive oil prices higher still.”

“It shows how crucial the outcome of the Middle East conflict will be in deciding whether Mr Healey will be able to fund Andy Burnham’s costly plans – or will need to raise taxes just to balance the books.”

“Thick black smoke and flames erupted around the Aramco oil refinery in Riyadh as the Houthis launched a fresh attack, furthering fears of escalating oil prices around the world The oil refinery belongs to Saudi state-owned oil giant Aramco, which is south of…”