Oil price jumps as US-Iran clashes raise odds of interest rate rises

Energy prices later stabilise after Trump abandons plan for 20% levy on traffic through strait of Hormuz Oil and gas prices jumped and expectations of interest rate rises in Europe increased on Tuesday after the US carried out a third night of military strikes against Iran.However, they later eased back after Donald Trump said he would abandon his proposal for the US to levy a 20% fee on cargo passing through the strait of Hormuz. Continue reading...