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“It’s a good time to be an oil company.”

“Rising gas prices drove much of the inflation increase as renewed violence in the Middle East has kept oil prices above $100 a barrel, up from below $70 before the Iran war.”

“European gas prices have jumped to levels not seen since 2022 as fears continue to grow around the continent’s supply this winter and ongoing conflict in the Middle East.”

“Household energy bills in Great Britain are predicted to soar by £276 a year for the typical household from January as the impact of the Middle East war continues through the coldest months of winter.”

“The predicted rise is the result of disruption of gas supplies owing to the conflict in the Middle East, and the resulting low gas storage levels in Europe.”

“America’s inflation is due to a supply problem that starts in the Middle East and ends at the gas pump.”

“Oil prices eased slightly on Friday amid hopes of fresh talks to reopen the waterway but remained well above levels in the summer, when Middle East hostilities temporarily abated.”

“Inflation was above forecasts, driven by higher gasoline prices which have spiked following disruption to Middle East energy supplies due to the US-Israel conflict with Iran.”

“Informa was a weak feature, down 2.4%, on fears that renewed Middle East tension could disrupt the upcoming Global Health Exhibition due to take place later this month in Riyadh.”

““The increasing availability of crude oil from the Middle East is due to two factors: the effective use of the East-West pipeline by Saudi Arabia and ship-to-ship transfer around the Strait of Hormuz,””

“It shows how crucial the outcome of the Middle East conflict will be in deciding whether Mr Healey will be able to fund Andy Burnham’s costly plans – or will need to raise taxes just to balance the books.”

“Persistent energy shocks due to Middle East conflict Crude oil prices have hovered between $90 and $100 a barrel as the disruption to shipping through the Strait of Hormuz enters its eighth month, far longer than analysts had expected.”

“The cost of diesel has risen steadily in recent weeks due to the impact on global supplies from the ongoing conflict between Russia and Ukraine, and from renewed hostilities in the Middle East.”

“The price is volatile because of uncertainty about when the war with Iran will allow oil to flow freely again from the Middle East, including access to the Strait of Hormuz.”

“The local bourse fell to a three-month low on Friday, finishing its fourth losing week in a row as oil prices and bond yields both moved higher amid expectations local interest rates will join them and rise this week.”

“This, combined with escalating tensions in the Middle East, rising oil prices and fears of overspend by big tech firms on AI and data centres, meant the debt markets started to freak out.”

“Prolonged tensions could keep oil prices elevated, stoking inflation and increasing pressure on the Fed to raise its benchmark interest rate, economists said. l On top of that, weak demand for a 5-year Treasury note auction on Wednesday forced the U.S.…”

“As the fighting in the Middle East intensifies without clear sign of a resolution, financial markets have been thrown into renewed turmoil.”

“As commercial ships are increasingly refusing to pass through the strait due to the conflict, Saudi Arabia is transporting the crude to Oman’s Sohar port, located just outside the strait, where the oil is transferred from Saudi tankers to others.”

“The prediction comes as oil prices have surged back above 100 US dollars this week because of attacks on Iranian oil tankers and concerns about further disruptions to supply amid ongoing fighting in the Middle East.”

“Oil prices rose on growing fears of the Middle East conflict metastasizing and further constricting global energy flows.”

“Bardia, a 23-year-old living with his parents in eastern Tehran, said many people his age feel they have it even worse than the 1980s generation, due to worsening sanctions creating an even more volatile job market and inflation.”

“- Published Petrol and diesel prices have both hit the highest levels since 2022 as the conflict in the Middle East continues to impact drivers' finances.”

“It expects inflation - the rate at which prices rise - to pick up due to volatile oil and gas prices caused by the Middle East conflict, although the peak will be slightly lower than previously thought.”