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By Rhod Mackenzie

The military conflict in Israel could have grave consequences for the global energy market. In the best-case scenario, the oil market could be only be deprived of Iranian oil, causing price hikes exceeding £75 per barrel. The worst possible scenario entails a repeat of the 1973...

By Rhod Mackenzie

Brent crude prices have rebounded to $90 per barrel, while WTI has soared over $86 per barrel due to the alarming deterioration of the Middle East situation, an area that produces almost a third of the world's oil.

Gold predictably rose on fear of risk. The yellow metal, whose...