Claims: Oil price jumps as US-Iran clashes raise odds of interest rate rises
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- title: Oil price jumps as US-Iran clashes raise odds of interest rate rises Source
- url: https://www.theguardian.com/business/2026/jul/14/oil-price-gas-rise-us-iran-interest-rates-stock-markets Source
- summary: 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 Donald 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
- published: Tue, 14 Jul 2026 11:24:04 GMT Source