Oil prices have rocketed in their biggest weekly gain for six years amid warnings that oil and gas production in the Gulf could be halted entirely in the coming days.
With no sign of a swift resolution to the conflict in the Middle East, commodity prices and stock markets are being hammered, prompting concerns that the impact will trickle down to working people, who may see price hikes to their fuel, heating energy and even some foods and day-to-day products.
