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Oil prices latest: Reeves ready to support release of reserves and issues inflation warning over US-Iran war

Price of oil has surged since US and Israel launched airstrikes towards Iran 10 days ago Swipe for next article Liveupdated Rachel Reeves has said she is ready to support “a co-ordinated release” of international oil reserves held by the International Energy Agency, to ease the economic shock of the US-Iran war. The chancellor issued a s... [9441 chars]

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