Oil price rises amid Iran tensions as think tank warns UK may already be in recession Published3 hours agoShareclose panelShare pageCopy linkAbout sharingRelated TopicsIsrael-Gaza warCrude oil prices jump on heightened tensions following Iran's seizure of a British tankerOne in four chance the UK has already entered into a technical recession, says National Institute of Economic and Social ResearchA disorderly no-deal Brexit could lead to a "severe downturn" for the economy, the think tank says Shares surge on Shanghai stock exchange's new technology boardMetro Bank to sell £500m of mortgages to US hedge fund Migration needs post-Brexit rethink to avoid a damaging worker shortage - Keith Barr, chief executive, InterContinental Hotels Group Sign up for our weekly Economic Intelligence newsletter here Related Topics