Israel Iran War · 19 March 2026

35% gas price rise follows Iran attacks; rates may increase

Households face potential misery from higher mortgage payments as the Bank of England indicates interest rates might go up. Iran attacked energy sites, including Qatar's Ras Laffan, leading to European gas prices briefly increasing by 35 per cent. The Bank held its base rate at 3.75 per cent and now expects inflation to reach 3.5 per cent by July, nearly double its target.

By BriefTea Editorial · 19 March 2026 at 23:18

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