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Middle East war raises concern over renewed gas price surge

The conflict has prompted questions over whether gas prices could return to their 2022 highs. This is a risk assessment rather than a confirmed price shock.

By DoomRadar · Published on DoomRadar .

Why it matters

A major gas-price increase could raise energy costs and pressure economies dependent on imports.

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EARLIER READING

GCC inflation remains muted amid Middle East conflict price concerns

Inflation across Gulf Cooperation Council countries is reported to remain subdued despite concerns that the Middle East conflict could raise global prices. The report describes a potential economic risk rather than a confirmed major shock.

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MORE RECENT READING

Australia raises cash rate to 4.60% as Middle East conflict lifts energy costs

The Reserve Bank of Australia raised its cash-rate target from 4.35% to 4.60%, citing higher global energy prices linked to the broadened Middle East conflict. The move can increase borrowing costs for Australian households and businesses.

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