Oil and gas prices jump after Iran and Israel attack gasfields
Month-ahead UK wholesale gas price hits highest level since August 2022 as Donald Trump threatens retaliationMiddle East crisis – live updatesBusiness live – latest updatesGas prices jumped and oil prices rose again after an escalation of attacks by Israel and Iran on gasfields heightened fears...
<p>Month-ahead UK wholesale gas price hits highest level since August 2022 as Donald Trump threatens retaliation</p><ul><li><p><a href="https://www.theguardian.com/world/live/2026/mar/19/iran-war-live-updates-oil-prices-gas-field-strikes-pentagon-more-funds-trump-news">Middle East crisis – live updates</a></p></li><li><p><a href="https://www.theguardian.com/business/live/2026/mar/19/bank-of-england-interest-rates-decision-hold-inflation-oil-gas-iran-wage-growth-slows-latest-news-updates">Business live – latest updates</a></p></li></ul><p>Gas prices jumped and oil prices rose again after an escalation of attacks by Israel and Iran on gasfields heightened fears of prolonged disruption to international energy supplies.</p><p>Brent crude, the global oil benchmark, rose by 8% to $116 a barrel. Crude prices have soared by nearly 60% since US and Israeli attacks on Iran started the war on 28 February.</p> <a href="https://www.theguardian.com/business/2026/mar/19/oil-prices-gas-prices-rise-iran-israel-donald-trump">Continue reading...</a>
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