UK government borrowing narrowly undershoots forecasts; oil rising over $100 amid strait of Hormuz deadlock – business live

Rolling coverage of the latest economic and financial newsMore UK companies are warning this morning that the Iran war will hurt their businesses.Supermarket chain J Sainsbury told the City that it is ‘very unclear’ what the impact will be, saying:The conflict in the Middle East will impact both our customers and our business. The duration and extent of these impacts is very uncertain and this is reflected in our profit guidance, where we currently expect to deliver Total underlying operating pr...