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The Independent UK
The Independent UK
Albert Toth

Energy markets ‘in turmoil’ due to Middle East conflict as major suppliers ditch fixed-price tariffs

Energy markets are in “turmoil” due to the intensifying Middle East conflict, a leading energy chief has warned, with the situation already impacting UK households.

Octopus Energy CEO Greg Jackson has said the “very challenging market” has led to energy provider to raise its fixed-price tariffs and introduce exit fees as oil and gas prices soar.

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