Oil, gas and borrowing costs surge as fears over Middle East escalate

🌐 Hellenic Shipping News (Greece) —

AI Summary

Oil prices rose to $105 per barrel due to escalating tensions and conflict concerns in the Middle East, particularly the intensifying confrontations between the US and Iran. This surge has raised fears of accelerating inflation and increased borrowing costs globally.

The price of oil has jumped to $105 a barrel amid signs the conflict in the Middle East will not be resolved quickly, fuelling fears that inflation could accelerate. With the conflict between the US and Iran in the Gulf intensifying in recent days, the cost of both crude oil and gas has been rising ...

Security Conflict Politics Markets Commodities Energy oil prices Middle East conflict US-Iran tensions inflation fears energy market borrowing costs

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