UK Edition

Financial TimesThursday, 16 July 2026

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Iran flare-up pushes crunch ever closer, oil traders warn

Hormuz choked as stockpiles run dry • ‘We’ve burned through all the buffers’

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UK switch Market relief as incoming premier favours finance minister from Labour’s right

John Thornhill and Jill Rutter
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California’s billionaire tax exiles face tough checks on where they really live

Stephen Foley
Also on the front page

Hard-hit consumers fail to deliver for China economy

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