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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 finances are too bad to respond

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 finances are too bad to respond

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 'cause for concern'.

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