Markets slide as soaring oil price stokes stagflation worries – business live

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Rolling coverage of the latest economic and financial news

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Global financial markets are set for another day of turbulence as the war in Ukraine drives up the oil price towards record levels and threatens a stagflationary shock to Europe’s economy. Oil has surged to its highest level since 2008, after U.S.

 

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