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

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.

  • Oil prices exceed $105 per barrel amid Middle East conflict
  • US-Iran tensions spike, raising borrowing costs to decades-high
  • Natural gas prices soar to 200p a therm in the UK

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