There is a risk of a rise in oil prices due to the conflict in the Middle East

Oil held a modest decline as the risk of a significant escalation of hostilities between Israel and Iran eased. The risk of significant escalation in hostilities between the two countries eased following a tit-for-tat exchange of attacks last week. Trump has only $6.8 million for legal fees with trial underway.

Middle East conflict risks sharp rise in oil prices, says IMF. In the UK, anxiety over the crisis after Iran’s missile strike on Israel drives down UK shares. Middle East crisis drives down shares in the UK. Iran's missile attack on Israel leads to a drop in UK shares, according to analysts.

Middle East crisis is a big test for the IMF, says ALEX BRUMMER. Europe continues to dominate the choice of who is in the top job at the IMF. Kristalina Georgieva was re-selected as the new head of the organisation.

IMF's Kristalina Georgieva says any economic impact from Mideast unrest is "not desirable" IMF director says Middle East unrest so far has been "somewhat moderate" IMF chief: Impact as small as it might be is not desirable in an economy with high uncertainty.