As it happened: US-Iran peace hopes sends oil lower; Brits handed energy price cap blow Markets Good morning and welcome back to the CityAM liveblog. Global markets were able to take the new developments in the Middle East in their stride on Tuesday amid hopes a peace deal was on the horizon. The FTSE 100 ended the day in the green and despite some choppy trading oil prices eased. This [...]
IAG: British Airways owner plays down jet fuel shortage concerns Aviation British Airways owner IAG has played down fears of a jet fuel shortage forcing it to cancel flights this summer but warned investors to expect lower earnings as a result of the ongoing conflict in the Middle East. The London-listed carrier said the pan-regional war that has now dragged into its third month will have [...]