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Your heating bills might jump
Many UK homes use gas for heating, and while gas prices are distinct from oil, they often move in similar directions due to global energy market dynamics. If oil prices spike because of Middle East instability, it could put upward pressure on the cost of other energy sources, including your heating.
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Oil could hit $120 a barrel if Mideast attacks intensifyRelated explainers
Geopolitical tensions matter Global trade routes at risk Petrol prices could rise UK inflation could worsen Why your bills might rise Your heating bill impact Why might my bills go up? Why might my bills rise?The full catalogue
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