Oil price spikes as Middle East tensions rise

The escalation of the Israeli-Palestinian conflict has sparked fears over potential oil supply disruptions in the region Global oil prices saw a sharp increase on Wednesday amid fears that the conflict between Israel and the armed Palestinian group Hamas could spread to other countries in the Middle East, causing  global oil supply disruptions.

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UK faces major mortgage crisis

The average two-year fixed mortgage rates for residential property buyers in the UK hit 6.01% on Monday, sending the key borrowing metric for the housing market to its highest level since December 2022.

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Germany mulling sale of stake in top gas importer – Bloomberg 

Uniper was nationalized after facing €40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country’s main gas importer Uniper, which was bailed out during the energy crisis of 2022, Bloomberg reported on Wednesday, citing people familiar with the…

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