The Guardian

Oil price jumps as US-Iran clashes raise odds of interest rate rises


Stock markets fall as analysts priced in two quarter-point UK rate rises by the end of the year

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Oil and gas prices have jumped and expectations of interest rate rises in Europe have increased after the US carried out a third night of military strikes against Iran.

Brent crude, the international benchmark for oil prices, rose by as much as 4.6% to $87.08 a barrel on Tuesday, its highest level in just over a month.

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Source link : https://www.theguardian.com/business/2026/jul/14/oil-price-gas-rise-us-iran-interest-rates-stock-markets

Author : Lauren Almeida and Julia Kollewe

Publish date : 2026-07-14 11:24:00

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