{"id":69392,"date":"2026-03-19T03:55:24","date_gmt":"2026-03-19T08:55:24","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2026\/03\/19\/gas-prices-surge-25-and-oil-jumps-6-as-middle-east-conflict-spooks-the-markets-business-live\/"},"modified":"2026-03-19T03:55:24","modified_gmt":"2026-03-19T08:55:24","slug":"gas-prices-surge-25-and-oil-jumps-6-as-middle-east-conflict-spooks-the-markets-business-live","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2026\/03\/19\/gas-prices-surge-25-and-oil-jumps-6-as-middle-east-conflict-spooks-the-markets-business-live\/","title":{"rendered":"Gas prices surge 25% and oil jumps 6% as Middle East conflict \u2018spooks the markets\u2019 \u2013 business live"},"content":{"rendered":"<p>Rolling coverage of the latest economic and financial news, as Donald Trump\u2019s threaten to \u201cmassively blow up\u201d the world\u2019s largest gasfield hits markets<\/p>\n<ul>\n<li>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/2026\/mar\/19\/uk-wage-growth-unemployment-ons-bank-of-england-interest-rates\"><strong>UK wage growth slows sharply as unemployment holds steady<\/strong><\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/2026\/mar\/18\/fed-interest-rates-iran\">Fed holds interest rates steady as Iran war drives up oil prices and inflation fears<\/a><\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.theguardian.com\/world\/live\/2026\/mar\/19\/iran-war-live-updates-oil-prices-gas-field-strikes-pentagon-more-funds-trump-news\">Middle East crisis live: Trump threatens to \u2018blow up\u2019 entire South Pars gasfield if Iran strikes Qatar<\/a><\/p>\n<\/li>\n<\/ul>\n<p><strong>European stock markets have dropped sharply at the start of trading, hit by worries about surging energy prices.<\/strong><\/p>\n<p>In London, the <strong>FTSE<\/strong> <strong>100<\/strong> blue-chip share index has tumbled by 162 points, or 1.6%, to 10,142 points.<\/p>\n<p>\u201cFears of a sustained energy shock have resurfaced after the escalation in the Iran war sent oil and gas prices soaring. The prospect of a longer, more drawn-out conflict is in sharp focus, as both sides ratchet up attacks on energy infrastructure.<\/p>\n<p>Brent crude remains highly volatile but has traded as high as $114 a barrel today, threatening to climb back towards recent scorching levels. Gas prices have surged by 25%, reaching a range not seen since early January 2023.<\/p>\n<p>The Company is ready to restart production and exports quickly with an improvement in the security environment.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/live\/2026\/mar\/19\/bank-of-england-interest-rates-decision-hold-inflation-oil-gas-iran-wage-growth-slows-latest-news-updates\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rolling coverage of the latest economic and financial news, as Donald Trump\u2019s threaten to \u201cmassively blow up\u201d the world\u2019s largest gasfield hits markets UK wage growth slows sharply as unemployment holds steady Fed holds interest rates steady as Iran war drives up oil prices and inflation fears Middle East crisis live: Trump threatens to \u2018blow &#8230; <a title=\"Gas prices surge 25% and oil jumps 6% as Middle East conflict \u2018spooks the markets\u2019 \u2013 business live\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2026\/03\/19\/gas-prices-surge-25-and-oil-jumps-6-as-middle-east-conflict-spooks-the-markets-business-live\/\" aria-label=\"Read more about Gas prices surge 25% and oil jumps 6% as Middle East conflict \u2018spooks the markets\u2019 \u2013 business live\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-69392","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/69392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=69392"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/69392\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=69392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=69392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=69392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}