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Oil prices have surged above $100 a barrel as disruption around the Strait of Hormuz and attacks on key infrastructure hit global supplies.
The rise is pushing UK fuel and gas prices higher, raising fresh concerns about inflation and the prospect of higher interest rates.
Sky's Ed Conway explains what is driving the energy shock and what it could mean for households and the wider economy.
Read more: https://news.sky.com/story/middle-east-latest-oil-prices-rise-after-iran-backed-rebels-strike-pipeline-and-strait-of-hormuz-meeting-postponed-13509565
#skynews #iranwar #fuelprices #analysis #uk
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