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UK News
Finance ministers and the IEA discussed options for stabilising oil prices which surpassed $100.
The conflict in the Middle East could raise the cost of petrol, household energy bills and even food.
A big intervention is being discussed in the oil markets, but as yet, we do not know how big the problem will be.
With fuel and gas prices having risen in recent days, here are some ways the conflict could affect households.
For every $10 rise in oil prices, motorists face paying roughly 7p per litre more in the UK.