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IMF chief warns of broader risks from US strikes on Iran, after oil hits five-month high – business live

Rolling coverage of the latest economic and financial newsPrice of oil could spike after Iran’s parliament votes to close key shipping routeThe UK stock market has dropped at the start of trading, as traders weigh up the situation in the Middle East.Airline shares are down, with easyJet (-2.1%) and British Airways parent company IAG (-2.2%) leading the fallers on the FTSE 100 share index. Higher oil prices push up their costs, and the crisis could also force airlines to cancel flights to the region. Continue reading...

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