The Guardian·3 min read·medium

Oil price touches $95 as US-Iran conflict escalates; UK inflation cools faster than expected - business live

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Lauren Almeida, Gwyn Topham, Kalyeena Makortoff, Dan Milmo
Oil price touches $95 as US-Iran conflict escalates; UK inflation cools faster than expected - business live
AI Summary

Global oil prices rose above $95 per barrel due to escalating tensions between the US and Iran, while UK inflation figures showed a faster-than-expected decline. The article also touches on corporate governance and publishing industry settlements.

The price of oil has breached the $95 a barrel mark for the first time in six weeks as the escalating Middle East conflict threatens further disruption to global supplies.

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