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27.07.26 - 01:18
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Rising oil prices could force up UK interest rates, say economists (The Guardian)
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Bank of England expected to keep rates on hold on Thursday but renewed Iran conflict casts shadow over energy costsThe Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if oil prices return to above $100 a barrel, according to City economists.Before a meeting of Bank officials on Thursday, economists said that while an interest rate hike would probably be avoided this week there could be some in the future because of conflict in the Middle East. Continue reading......
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26.07.26 - 21:48
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OPEC and the next surplus (IntelliNews)
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A post-war return of constrained barrels could tip today's uneasy balance into oversupply, forcing OPEC+ back into a market-share struggle it may no longer control....
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26.07.26 - 18:42
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Gold′s next test: Fed verdict, crude oil and geopolitical tensions in focus (Times of India)
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Gold and silver prices are set for a week driven by major events. The US Federal Reserve's interest rate decision will be a key factor. Geopolitical tensions involving Iran and crude oil price movements also impact markets. Investors will monitor US economic data and central bank announcements globally. Bullion is expected to remain range-bound as traders watch these developments....
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26.07.26 - 13:36
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From the strait of Hormuz to the North Sea, a global maritime war rages around us – and more than the price of oil is at stake | Simon Tisdall (The Guardian)
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The collapse of the rules-based order is not confined to the land: we're imperilled as centuries of maritime cooperation sink beneath the wavesThe US military campaign to protect merchant shipping from Iranian attacks by asserting direct maritime control in the strait of Hormuz is not an idea unique to Donald Trump's administration. Almost exactly 200 years ago, in the period 1825-27, a powerful US naval squadron led by Commodore John Rodgers was sent to the Mediterranean to defend American ships from the depredations of Greek corsairs and pirates.For all the new-minted republic's brave talk of liberty, the US squadron did not assist Greece's ongoing “regime change” struggle for independence from the Ottoman empire. Its sole, self-serving purpose was to defend US trade, markets and business interests. After abandoning his call for a people's revolution in Tehran, this, too, is what Trump's reckless war with Iran has now boiled down to.Simon Tisdall is a Guardian foreign affairs commentator Conti...
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26.07.26 - 07:06
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New front in US-Iran war escalates as Houthis fire at Saudi oil facilities (Al Jazeera)
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Conflict also spreads to Caspian Sea as Tehran accuses Ukraine of a deadly attack on an Iranian vessel. Tehran-backed Houthi forces in Yemen have fired missiles and drones at two of Saudi Arabia’s most strategically important oil facilities on the Red Sea, in a major escalation of the latest simmering regional conflict to be reignited by the war launched by the United States and Israel against Iran..
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25.07.26 - 18:18
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New North Sea oil drilling faces delay after gear accidentally dropped in sea (The Guardian)
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Exclusive: Blunder at Rosebank, UK's biggest undeveloped oilfield, comes as government considers granting licenceProduction at Britain's biggest undeveloped oil and gasfield could be delayed for months after equipment from a rig was accidentally dropped in the North Sea, the Guardian can reveal.Andy Burnham's new government is under pressure from the fossil fuel industry to allow oil to be retrieved from the Rosebank site despite opposition from climate campaigners and some Labour MPs. Continue reading......
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