Business · 26 March 2026

UK Economy Hit Hardest by Middle East Conflict

The UK is forecast to be the hardest-hit economy among industrialised nations from the Middle East conflict. The OECD cut its UK growth forecast from 1.2% to just 0.7% for 2026 — the steepest downgrade among its members. Oil prices have surged from around $60 a barrel in January to over $100, raising inflation fears for UK households.

By BriefTea Editorial · 26 March 2026 at 10:21

Reported by The Guardian · How we write briefs

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