Wall Street hits six-month low as Trump ‘appears to lose his grip on markets’ – business live

Rolling coverage of the latest economic and financial news, as Brent crude trades over $110 a barrel for first time since MondayMiddle East crisis live: Israel to ‘intensify’ strikes on Iran, says defence ministerUK car production falls 17% as industry warns of ‘worrying’ declineThe UK’s car industry is at “crisis point”, economists are warning, after a slump in production in the run-up to the Iran war.Vehicle production fell by 17.2% in February, with 68,061 units leaving factories, data from the Society of Motor Manufacturers and Traders shows.Today’s SMMT figures are further evidence that the UK automative industry is at crisis point.At a time when it was already struggling, the war in the Middle East will add to its woes, not only pushing up energy prices but also disrupting the supply