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Top Starmer aide warned US envoy’s appointment was ‘weirdly rushed’, while disgraced peer sought £547,000 payout

Administration has failed to douse surge in fuel costs as Middle East turmoil deepens

US joins unprecedented drawdown that underscores threat to global economy from Middle East war

400mn barrels of crude made available as governments race to tackle energy shock

Should the Iran war drag on for even several more weeks, the damage to America’s fragile finances will prove substantial.