According to CoinMeta, market expectations for an interest rate hike by the Bank of England in 2026 have been raised, with investors anticipating a 30-basis-point increase, up from 5 basis points last week. The ongoing US-Iran war continues to fuel concerns that long-term disruptions to energy supply could exacerbate global high inflation. Analyst Patrick Munnelly pointed out in a report that rising oil prices will drive up overall inflation by increasing the cost of gasoline and energy, but the greater concern is the risk of a second round of interest rate hikes.