Iran’s Foreign Minister Abbas Araghchi is set to travel to Pakistan for talks focused on regional developments and a possible ceasefire. Pakistan is acting as mediator between Iran and the United States ahead of renewed negotiations, as the conflict disrupts energy shipments via the Strait of Hormuz. The US has extended an oil transport waiver, influencing global prices.
UK inflation climbed to 3.3% in March from 3.0% in February, driven by higher fuel prices linked to intensifying Middle East tensions. The reading came in slightly above expectations, raising concern about additional inflation pressure ahead. Even so, the Bank of England is widely expected to keep interest rates steady in the near term.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Oil prices surged as tensions in the Middle East intensified, with Iran releasing footage of commandos boarding a cargo ship in the Strait of Hormuz. Reports of forces engaging hostile targets added to fears of renewed conflict. Analysts warn that a breakdown in U.S.-Iran talks could push prices to fresh yearly highs, tightening global inventories.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
