Russia’s seaborne crude oil exports reached a record high since early 2026 amid eased US sanctions and rising competition from Iran, impacting global prices and European markets.
Bulgaria plans to veto the EU’s new Russia sanctions, citing risks to its energy sector and economy, raising concerns for UK and European markets and sterling stability.
US military strikes on Iran have prompted Tehran to close the Strait of Hormuz, escalating tensions and impacting UK and European markets through potential supply disruptions.
Iran has submitted a 14-point peace plan to the US amid ongoing Middle East conflict, with London markets weighing potential impacts on sterling and European trade.
Oil prices surged over 7% after Trump's threats against Iran, impacting sterling and London markets amid concerns over Middle East instability and energy security.
Moscow’s 2026 Victory Day parade will exclude military vehicles for the first time in years amid security concerns, impacting UK-EU business interests and London markets.
Rising aviation fuel costs driven by Middle East conflict are causing European airlines, including UK carriers, to cut flights, impacting schedules and market stability.
The US has extended its suspension of sanctions on Russian oil exports until May 16, affecting UK and EU markets amid rising Russian oil revenues and geopolitical tensions.