Iran War Resumption Squeezes UK Finances as Burnham Faces £24bn Budget Crisis

The US announced it intercepted a "surprise" Iranian missile attack targeting a base in Jordan, shattering a fragile ceasefire and pushing Brent crude back up to $88 per barrel. The renewed fighting immediately reversed a week of oil price declines that had offered the UK economy brief respite from the Middle East crisis.

Off the Record

Behind the scenes, the new Prime Minister Andy Burnham is confronting a fiscal nightmare he never campaigned on. The National...