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Brent crude prices hover near $90 per barrel, as fallout from Iran war hits travel firm Tui’s profitsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Oil prices are still on the rise, as fresh attacks on ships raise concerns about disruptions to Middle Eastern fuel supplies, adding to doubts over the prospects of a US-Iran peace deal.Yesterday, the rally in US crude paused for a minute after Pakistan’s Defence Minister said that

Problems after power failure at regional signalling centre likely to continue until noon with many crews and trains in wrong locationsBusiness live – latest updatesRail passengers are facing a second day of travel disruption across parts of north-west England, after a power failu

Disruption at Channel crossings expected to rise amid new fingerprint and facial recognition checksFrance and the UK have agreed to increase staffing at border controls in response to warnings of travel chaos caused by new fingerprinting and facial recognition checks.Disruption at Channel crossings is expected to rise sharply next weekend at the start of the summer holiday season, with MPs saying there would be “utter chaos and miles of tailbacks” unless the EU’s entry-exit system (EES

Whenever major reform is proposed the media, big business and Westminster quickly conclude it’s too expensive and disruptive. This doesn’t bode well for Andy BurnhamIn an old, often anxious and conservative country, the perception of risk is a potent political weapon. If a policy or a project for reforming the UK seems too risky, or can be made to seem so by its opponents, then it can usually be quickly killed off. It can be added to the pile of possible futures that never occurred.In