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Oil Tops $105 as Middle East Fears Lift Energy Prices and Borrowing Costs

Oil Tops $105 as Middle East Fears Lift Energy Prices and Borrowing Costs

Oil prices jumped to $105 a barrel as markets priced in the risk that the Iran war could drag on. Gas prices and borrowing costs also climbed, reflecting broader uncertainty and tighter financial conditions.

Original headline

Oil, gas and borrowing costs surge as fears over Middle East escalate