Oil Prices Break $80 as Middle East Conflict Threatens UK Inflation Progress, Gilt Yields Rise
Oil prices surged above $80 per barrel amid escalating Middle East conflict, disrupting shipping routes and threatening to reverse UK inflation gains. UK gilt yields are climbing as geopolitical risk compounds fiscal pressures ahead of Chancellor Rachel Reeves' Spring Statement. The energy price shock puts Bank of England rate cuts in jeopardy while bond markets reprice inflation expectations.
ViaNews Editorial Team (Markets)•