The benchmark oil price has passed $100 a barrel for the first time since 2022, as the Middle East war enters a 10th day.

The rise is likely to further increase petrol prices and the surge might not stop here.

UK PM Keir Starmer says the longer the war goes on, “the more likely the potential for an impact on our economy” and that he’s working to minimize the effects on UK businesses.

In the US, President Donald Trump says the “short term” price increase is “a very small price to pay” for world peace.

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