Iran war hurting global economy as IMF meeting begins; oil falls on peace hopes – business live

Rolling coverage of the latest economic and financial news Task for the week: limit the fallout from biggest oil shock in decades UK chancellor Rachel Reeves is making the trip to Washington DC for the IMF/World Bank spring meeting. Before crossing the Atlantic, Reeves warned that families and businesses across Britain are bearing the cost of instability “they did not cause”, adding: “The Iran conflict must be a line in the sand on how we deal with global crisis and instability. “I will go to America with a clear message: global leaders must take co-ordinated economic action and supercharge the path to energy security to protect ourselves in the future.