Ofgem, the UK’s energy regulator, has announced a 4% increase in the energy price cap. This rise follows the surge in gas prices caused by the conflict in Iran, which is disrupting global supply chains. Prediction markets now view it as more likely that crude oil will reach a new all-time high before the end of the year. However, operators remain cautious, and market sentiment remains skeptical about the rapid conclusion of a nuclear agreement between the United States and Iran.
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