Rolling coverage of the latest economic and financial news Fed holds interest rates steady as Iran war drives up oil prices and inflation fears Middle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes Qatar European gas prices are surging this morning too. The month-ahead UK wholesale gas price has jumped by 25.5% this morning to 175p a therm, its highest level since August 2022, Reuters points out. Continue reading...