Oil and gas prices spike as Middle East conflict escalates

James Murray
clock • 4 min read
Oil and gas prices spike as Middle East conflict escalates

European gas prices initially soar 24 per cent and oil prices climb 13 per cent, as shipping through Strait of Hormuz faces immediate disruption

Oil and gas prices rose sharply this morning, as fears grow that the escalating conflict between Israel and the US and Iran will result in severe disruption to fossil fuel supplies across the Middle East....

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