Oil price jumps as US-Iran clashes raise odds of interest rate rises
Stock markets fall as analysts price in two quarter-point UK rate rises by the end of the year
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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