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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