Oil Prices Surge as Global Markets React to Supply Fears

Oil prices are back in the headlines as global markets react to fresh supply fears and rising geopolitical tension.

What is driving prices

A mix of supply uncertainty, production decisions by major exporters and conflict-related risk premiums has pushed crude higher in recent sessions.

Impact on markets

What it means for consumers

Higher crude prices typically feed through to fuel costs and transport, with knock-on effects across the broader economy if the trend holds.

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