Iran War Whiplash: Oil Plunge Offers Brief Respite as UK Faces Recession and Food Crisis

Trump's weekend call-off of Iran strikes sent oil prices plunging 5%, with Brent crude dropping to $83.50 a barrel. This sharp reversal should flow through to forecourts and energy bills, offering households a desperately needed breather from the inflation storm. Markets rallied on the news, with European stocks ticking higher and analysts suggesting the move could dampen bond yields that spiked last week. For UK consumers, cheaper petrol and a potential softening of...