Bank of England warns Middle East conflict could lead to a major oil price shock
October 3, 2024
(Oil Price) – If it goes out of hand, the escalating conflict in the Middle East risks dealing a severe blow to monetary policy as it would lead to a surge in oil prices, Bank of England Governor Andrew Bailey told the Guardian in an interview published on Thursday. “Geopolitical concerns are very serious,” Bailey told the newspaper. International crude oil prices have
