Oil price jumps as US-Iran clashes raise odds of interest rate rises - short news
Energy prices later stabilise after Trump abandons plan for 20% levy on traffic through strait of Hormuz
Oil and gas prices jumped and expectations of interest rate rises in Europe increased on Tuesday after the US carried out a third night of military strikes against Iran.
However, they later eased back after Trump said he would abandon his proposal for the US to levy a 20% fee on cargo passing through the strait of Hormuz.
Continue reading...source: The Guardian - 14.07.2026