BP chair removed over ‘unacceptable’ governance oversight and conduct issues; UK petrol prices hit new Iran war high – as it happened

Rolling coverage of the latest economic and financial newsFull story: BP removes chair Albert Manifold over ‘serious’ governance and conduct concernsMiddle East crisis live: US attacks Iran missile sites as Tehran negotiators hold talks in QatarRachel Reeves tells ministers to ‘buy British’ in four key industriesThe economic consequences of the spike in oil and gas prices since the Iran war started will be brought home to British households tomorrow.Energy regulator Ofgem is due to set the latest price cap at 7am on Wednesday, dictating the maximum a supplier can charge for the July-September quarter. Continue reading…