Fuel excise duty cut ‘would send wrong signal’ as Government prepares for potential global supply squeeze, Nicola Willis says

‘There is a role for diplomacy here’: Finance Minister Nicola Willis says the Government does anticipate working with fuel companies, if needed, says banks will provide customers 'an umbrella'

Treasury predicting 3.7% inflation in Iran war 'worst case scenario', Finance Minister Nicola Willis says

Risk appetite is higher on optimism that the worst is over in the Iran conflict, while the reality is that nothing much has changed on the battleground. Brent crude falls to just over US$100/bbl. IEA says more emergency oil stocks available if required