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If President Trump flies to China as planned in May, the primary topic will clearly be the rippling economic effects of a war that Beijing has made clear it viewed as unnecessary.
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Unilever said on Thursday it would raise prices to soften the hit from higher-than-expected costs driven by the Iran war, even as it reported first-quarter underlying sales growth ahead of analysts' forecasts.
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The UK was last raised to the second-highest level in November 2021 after an attempted bombing and the murder of an MP.
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Brent crude has surged to its highest levels since mid-2022, LSEG data shows, as the Middle East conflict chokes supplies.
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