Effects of a higher Oil price
The 1973 Oil crisis where oil rose from $2 per barrel to $4 was a direct result of US / Israel aggression with the neighbouring Arab nations.
The 1973 Oil crisis where oil rose from $2 per barrel to $4 was a direct result of US / Israel aggression with the neighbouring Arab nations.
If this crisis continues, inflation will cause UKG to have to rethink spending or tax increases. Whilst we are told the UK debt pile is manageable.