The Bank of England meets on Thursday and must gauge the implications for inflation from the government’s huge energy bill bailout of households. The measures will bring down price pressures in the short-term but could stoke them further ahead as consumers are spared the worst of the hit to their finances.
Oil slips again as US, Iran sign peace deal
Oil prices dropped as the U.S. and Iran reached an interim agreement to end the war, reopen the Strait of Hormuz, and lift sanctions on
June 18, 2026