Oil prices race to highest level since 2022 over fears of Iran war escalation
Read our Privacy notice Oil prices have rocketed to their highest level since 2022 as reports suggest US President Donald Trump is preparing for an escalation of the Iran war with further military action. The cost of benchmark Brent crude soared past 126 US dollars (£94) a barrel at one stage, up nearly 7%, reaching a high not seen since Russia’s invasion of Ukraine in 2022. The surge in oil prices will lead to further fears over price rises at the petrol pumps, with worries the global energy...
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The analytical profile of this article: high credibility, negligible information accuracy risk, and negligible propaganda impact.