The UK Chancellor Rachel Reeves says the government will not ‘take anything off the table’ in response to the threat of rising energy costs

The conflict between Israel and Iran has the potential to considerably disrupt global energy markets, with each nation attacking the other’s oil and gas infrastructure.

A further escalation in Iranian-Israeli tensions could take oil prices above $80 and would mean more upside for the dollar.

The G7 summit in Alberta, Canada will congregate for a third day today - with the notable exception of US President Donald Trump. The US president left the economic bloc's summit ahead of schedule last night, with the White House confirming he had to see to affairs at home as Israel's strikes on Iran continue.

The ongoing Israel-Iran conflict could trigger global instability, spike oil prices, disrupt trade routes, increase inflation, and strain diplomatic relations, forcing countries like India into comple

G7 leaders condemned Iran for being the "principal source of regional instability and terror." Group of Seven leaders on Tuesday affirmed unified support for Israel and called for a resolution to the escalating regional tensions, as it trades military strikes with Iran.

Petrol prices in Australia could skyrocket by up to 12 cents a litre following Israel’s announcement it had launched strikes on “dozens” of military targets in Iran.

The dollar’s weak response to the conflict between Israel and Iran suggests investors are reassessing their exposure