Category : Economy


Reeves Warns Petrol Retailers on Price Gouging Amid Iran War

Chancellor Rachel Reeves has issued a strong warning to petrol retailers, cautioning against exploiting the US-Iran conflict to hike fuel prices unjustifiably. She noted price discrepancies and plans meetings with industry representatives.

Iran Conflict Fuels UK Inflation Concerns as Oil Prices Soar

Oil prices have surged past $100 per barrel following US-Israeli strikes on Iran, putting pressure on UK ministers to address rising living costs. Chancellor Rachel Reeves warns of upward inflation pressure and proposes coordinated oil reserve releases.

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