The UK economy unexpectedly flatlined in January, stoking concerns over growth amid the global energy price shock triggered by the US-Israel war on Iran. Figures from the Office for National Statistics (ONS) showed 0% growth in gross domestic product (GDP), down from an increase of 0.1% in … Source: forexfactory.com

The implicit quid-pro-quo for showering the US with investment pledges, an economist says, was “do not set the Middle East on fire.” Source: bloomberg.com

The US said it had stepped up strikes on Iran to unprecedented levels as the war that’s engulfed the Middle East hit the two-week mark and continued to upend energy flows and global markets. Source: bloomberg.com

Gasoline still drives household budgets, but energy efficiency and renewables have reduced the economy’s overall reliance on petroleum. Source: nytimes.com

Consumer spending was slow and inflation was stubborn even before the attack on Iran sent oil prices soaring. Source: wsj.com

Keir Starmer’s team fear any short-term political gain from his decision not to support US President Donald Trump’s war in Iran may quickly be outweighed by an economic hit that scuppers the UK prime minister’s chances of staying in power. Source: bloomberg.com