UK Treasury Warns Oil Could Reach $150 Per Barrel if U.S.-Iran Conflict Escalates

According to the UK Treasury, oil prices could reach $150 per barrel if the conflict between the United States and Iran further escalates, citing geopolitical risks to global energy markets.

Meanwhile, the Bank of England is expected to raise interest rates at least once in 2026, as inflation is projected to reach 3.2% in the fourth quarter.

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