Soaring Oil Prices Ignite Concerns Amid Middle East Tensions

Oil prices have surged dramatically in recent days, with the cost of heating oil rising by more than £100 amidst escalating tensions in the Middle East. The price spike comes after Iran launched a series of missile strikes across the region in response to attacks by the United States and Israel.

The Middle East conflict has sent shockwaves through global energy markets, with the price of Brent crude oil - the international benchmark - rising above $70 per barrel. This represents a significant increase from the previous levels, sparking concerns about the potential economic impact of the ongoing geopolitical turmoil.

{{IMAGE_PLACEHOLDER}}