Fighting involving the United States, Israel and Iran is pushing up energy prices. A key route for oil and gas is the Strait of Hormuz. Around 20% of the world’s supply passes through it. Shipping has slowed after attacks on vessels, raising concerns about disruption. In the UK, wholesale gas prices have risen sharply and are now at their highest level for three years. Prices have roughly doubled since air strikes began. Higher wholesale prices can mean higher household bills, but the UK’s energ
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