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Major disruption to energy supplies threatens to push up prices for consumers and businesses around the world.
Economic consequences are an intrinsic aspect of the Iran conflict, writes BBC economics editor Faisal Islam.
Energy Minister Saad al-Kaabi says oil could hit $150 a barrel if the Iran conflict continues over the coming weeks.
A drone attack on Azerbaijan has narrowed choices for airlines scrambling to respond to disruption in the Gulf.
The letter from London's mayor came as the US moved to designate the company a supply chain risk.

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