Rising oil prices, driven by unresolved U.S.-Iran tensions, have lifted market pricing for a November Bank of England rate increase. Brent crude futures rose as much as 2.3% to $106.7/bbl. LSEG data show the market now prices an 81% chance of a BoE r

2026-09-28

Rising oil prices, driven by unresolved U.S.-Iran tensions, have lifted market pricing for a November Bank of England rate increase. Brent crude futures rose as much as 2.3% to $106.7/bbl. LSEG data show the market now prices an 81% chance of a BoE rate hike at the November policy meeting, up from 62% a week earlier.