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10.03.26 - 18:36
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Middle East crisis could push UK inflation back up to 3%, warns OBR (The Guardian)
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Government economic watchdog believes pressure on energy prices could push rate close to 3% by end of 2026UK inflation could end the year higher than previously expected at 3% because of the US-Israel war in Iran, the government's economics watchdog has warned.David Miles, a senior figure at the Office for Budget Responsibility (OBR), said inflation could end the year close to 3% – a percentage point higher than expected before the war – because of the energy price shock triggered by the crisis in the Middle East. The UK's official inflation target is 2%. Continue reading......
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10.03.26 - 18:12
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How Long Before an Oil Crisis? (Bloomberg)
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The US can't continue attacking Iran much longer, unless it wants to risk an oil crisis, Bloomberg Opinion columnist Javier Blas says. (Source: Bloomberg)...
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10.03.26 - 18:06
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How are EU and member states reacting to energy crisis triggered by Iran war? (The Guardian)
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Prospect of Trump easing US sanctions on Russian oil is a nightmare for the bloc as nations work out how to respond Middle East crisis – live updatesThe Iran war has thrown global oil and gas flows into chaos and the prospect of Donald Trump easing US sanctions on Russian oil to fill the gap is causing a nightmare for the EU.The European Council president, António Costa, who represents the EU's leaders, said on Tuesday the only winner from the ongoing conflict would be Vladimir Putin, who could step into the gap created by the throttling of Gulf supplies. Continue reading......
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10.03.26 - 12:06
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Middle East crisis: Asian airlines raise fares as war fuels oil shock fears (Times of India)
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Asian airlines are hiking fares and planning for potential flight groundings as the Middle East conflict fuels a major oil shock. Indian carriers have already raised long-haul ticket prices by 15%, with Vietnam warning of up to 70% increases. Many Asian airlines, lacking robust fuel hedging, face significant vulnerability as jet fuel prices double, threatening operations and travel demand....
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