Oil prices climb amid supply fears and shipping attacks; prospect of rate rise weighs on UK housing market – business live

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Guardian Business

Oil prices climb amid supply fears and shipping attacks; prospect of rate rise weighs on UK housing market – business live

Brent crude heads towards $103 a barrel while Asian shares slide Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil prices have risen towards $103 a barrel on worries about crude supplies from the Middle East amid growing attacks on shipping in the Gulf and the strait of Hormuz, while the US has reduced its output as a hurricane threatened offshore producti…