‘Substantial’ oil and gas price rises will not be temporary, analyst says

Oil and gas prices are soaring as the Iran war escalates. Early today, Brent crude futures topped $115 a barrel, their highest in more than a week. Gas prices have surged by 30 percent. James Meadway, codirector of Verdant, a think tank in the UK, told Al Jazeera that the spike won’t be temporary. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile #Europe #FuelPrices #EuropeEnergyCrisis #StraitOfHormuz #GasPrices #OilSupply #EnergyCrisis #Oil #Gas #LNG #OilPrices #Iran #US #USIsraelWarOnIran #USIranTensions #MiddleEastTensions #USIranWar #IranWar #OperationEpicFury #AlJazeeraEnglish