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Asian refiners may wait an extra month for crude as tankers abandon the route through Bab al-Mandab

Yemeni rebels say they used missiles and drones to target the vessels Encelia and Layla

Renewed air campaign has yet to reassure shipowners the waterway can be made safe from Iranian attacks

Why 1 per cent interest rates could shake everything up after a generation of deflation

Time to tot up the scores

Critics warn agreement lacks safeguards to prevent future uranium enrichment and reprocessing

US president’s warning marks latest attempts to assert American control over the Strait of Hormuz

Big government must be tested to destruction for serious reform to finally happen

China’s high degree of self-sufficiency also reduces its vulnerability to coercion by others

Washington has given diverging accounts of where the earthquake-shattered country’s funds are going