Trade lobby groups warn that proposals for regional pricing risk ‘deindustrialisation’ and higher costs

Comments in closed-door conference shows oil groups seek to capitalise on demand for metals needed for energy transition

Brent crude up almost 10% amid speculation of Israeli or Iranian strikes on energy infrastructure

Israel is considering attacks on Iranian energy sites, for which Iran might then retaliate, affecting global supplies

Wanblad plays down prospects of new bid after failed BHP takeover attempt

US officials believe response to Iranian strike will be measured enough to avoid escalation