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US president threatens to ‘obliterate’ Iran’s power plants if waterway is not opened for shipping

A Gulf war, an oil spike, a tense Europe: the 20th century is back

Chancellor had vowed to cut cost of living but Treasury now foresees ‘very difficult Budget’ later this year

Ensuring the country’s survival — and Hizbollah’s weakening — is Trump’s best hope for Middle East success

Wild swings in UK gilts point to strains that will hurt government finances and jack up borrowing costs for us all