Oil and gas prices rise as US and Iran trade strikes; UK house prices fall – business live

British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reportsEurozone factories were hit by the biggest jump in input costs in four years last month.The Iran war drove up the cost of raw materials and intermediate goods, according to the latest poll of purchasing managers at European manufacturers.Although euro area manufacturers reported an expansion for a fourth successive…