UK government borrowing jumps over forecast to £18.3bn in August, in ‘dismal picture’ ahead of the budget - business live

Time to wrap up (as we’re playing a Dragons Den game at the Bond Vigilantes Forum here in London #OutOfMyDepth):

The oil price has dropped to its lowest level in two weeks, on hopes of a pick-up in supply from the Middle East.

Brent crude fell as low as $97.43 a barrel, following reports that Tehran had proposed reopening the strait of Hormuz in seven days if a US blockade was lifted.

Traders also noted that Saudi Arabia is trying to resume flows on a vital pipeline that was disrupted by drone attacks this month.

Donald Trump has told the UN’s General Assembly that he believes Iran will make a deal after November’s midterm elections.

But at pixel time, Brent crude is trading at a smidgen over $100/barrel.