UK PM Burnham’s first fiscal policy pledge comes on trial

A statement from United Kingdom (UK) lawmaker Darren Jones, an ally of former prime minister (PM) Keir Starmer, that the funding source of tax cuts on energy bills, as promised by new PM Andy Burnham, was already unfunded, has pushed political stability optimism under the scanner.
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Oil: Red Sea route risks and price outlook – MUFG

MUFG’s Michael Wan notes that disruptions in the Strait of Hormuz have shifted more Middle East Oil flows toward the Red Sea and Bab el-Mandeb, increasing vulnerability to regional conflict.
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