Bank of England expected to leave interest rates on hold as Middle East crisis drives up oil and gas prices – business live

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Bank of England expected to leave interest rates on hold as Middle East crisis drives up oil and gas prices – business live - short news

Rolling coverage of the latest economic and financial news

Fed holds interest rates steady as Iran war drives up oil prices and inflation fears

Middle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes Qatar

European gas prices are surging this morning too.

The month-ahead UK wholesale gas price has jumped by 25.5% this morning to 175p a therm, its highest level since August 2022, Reuters points out.

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source: The Guardian - 19.03.2026