💨 Abstract

Conflict in the Middle East has led to a surge in UK gas prices by over 20%, reaching a three-year high. Israeli airstrikes on Iran's South Pars gas field and Iran's retaliatory strikes on Qatar's Ras Laffan oil refinery have escalated tensions. Former U.S. President Donald Trump threatened further action against Iran if attacks on Qatar continue. The conflict has also caused oil prices to rise, with Brent crude trading at around $113 per barrel.

Courtesy: Noora Mykkanen