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Rachel Reeves issues huge inflation warning as Iran-Israel clash explodes
Some in Tehran are threatening to close the Strait of Hormuz, which around 20 per cent of oil passes through on a daily basis.
Will Israel-Iran conflict spark fresh inflation crisis? Rachel Reeves admits spiking energy prices and trade route threats are 'cause for concern' - with fears public fina…
Rachel Reeves admitted a 10 per cent spike in oil and gas costs and threats by Tehran to close the Straits of Hormuz was a ...