Branch² Intelligence

Oil edges lower, but heads for weekly gain as Middle East supply risks persist

IN · 2026-07-10

• Step 1US-Iran strikes and Strait of Hormuz delays create supply disruption risk, pushing oil prices up.
• Step 2Higher oil prices increase fuel and energy costs for UK SMEs, compressing margins in transport and manufacturing.
• Step 3Sustained oil price elevation feeds into UK inflation, delaying BoE rate cuts and keeping SME borrowing costs higher.

Source: IN:Economic Times

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