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Iran war: Households brace for cost of living pain as oil and gas prices surge

After the COVID pandemic, the war in the Ukraine, and the Liz Truss mini-budget, the Iran conflict represents yet another shock to the British economy. British households have been told to brace for a surge in inflation and multiple interest rate hikes this year after surging oil and gas prices sparked by Donald Trump's war on Iran. Tehran has launched a series of retaliatory strikes on energy sites... [2972 chars]

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