Drivers Told to Cut Non-Essential Journeys Amid Oil Price Surge
Fuel prices are set to rise sharply after oil exceeds $100 a barrel due to US-Israeli strikes on Iran. AA advises motorists to reduce travel and drive efficiently.
Category : Energy
UK Petrol Prices Surge as US-Iran War Escalates
UK drivers face soaring petrol and diesel costs, with prices hitting 20-month highs due to Middle East conflict and oil price spikes, prompting warnings on travel.
Energy Firms to Scrap Standing Charges in New Trial from April
Four major energy suppliers will eliminate or reduce standing charges for thousands of households in a new trial starting April, aiming to cut bills by at least £150 annually, though unit rates may rise.
Bahrain Declares Force Majeure Following Iran Refinery Attack
Bahrain's state oil company has declared force majeure on shipments after Iranian missile attacks set its refinery ablaze, legally suspending contractual obligations due to hostilities.
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UK Faces Economic Turbulence as Iran Conflict Sends Oil Prices Soaring
Energy boss warns of a 'white knuckle ride' for UK consumers as oil prices surge above $100 a barrel following US-Israeli strikes on Iran, with Starmer highlighting economic risks.
Find Cheapest Petrol and Diesel as Oil Prices Spike to $120
Oil prices have soared to nearly $120 a barrel, pushing fuel costs higher. Experts advise drivers to use online checkers and government tools to find the best local prices and conserve fuel.
UK Heating Oil Costs Double Amid Iran Conflict Crisis
Nearly two million UK homes and businesses face a major cost shock as heating oil prices more than double in a week, driven by the Iran conflict disrupting global supply.
UK Minister: Sufficient Oil and Gas Supplies Despite Middle East Crisis
Steve Reed, the communities secretary, states the UK has enough oil and gas reserves, dismissing reports of shortages. He highlights monitoring of Middle East conflicts but sees no immediate threat to energy security.
Heating Oil Costs Double in Week, Hitting 1.7m UK Homes
Heating oil prices have more than doubled in a week due to Middle East tensions, impacting 1.7 million UK homes and businesses, with experts warning against panic-buying.
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Oil Price Surge Past $100: Impact on UK Finances
Brent crude oil has surged past $100 a barrel, rising 37% in a week. This spike threatens higher energy bills, petrol costs, and inflation, potentially delaying the UK's return to 2% inflation targets.
Minister Tells Motorists 'No Need to Panic' Over Fuel Amid Middle East War
Communities Secretary Steve Reed reassures drivers about fuel supplies despite oil price surge above $100 per barrel due to escalating US-Israel-Iran conflict.
Trump: Oil Spike 'Small Price' for Peace as Iran War Rages
President Trump claims surging oil prices are a minimal cost for global safety as the Iran conflict disrupts Middle East production. Energy Secretary warns of high gas prices for weeks, not months.
Oil Prices Surge Past $100 as Iran Conflict Sparks Global Crisis
World governments scramble to mitigate economic fallout as oil prices skyrocket above $100 a barrel, driven by escalating conflict in Iran and supply disruptions.
Oil Prices Surge Past $100 Amid Iran Crisis, Fueling Economic Fears
Oil prices have surged above $100 a barrel due to escalating conflict in Iran, with global stock markets slumping and fears of recession rising. Chancellor Rachel Reeves is set for an emergency G7 meeting to address the crisis.
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Oil Prices Surge as Iran Names New Supreme Leader Amid War
Iran appoints Mojtaba Khamenei as supreme leader, continuing hardline policies as oil prices hit $114 per barrel due to escalating Middle East tensions and attacks.
Trump Calls Oil Spike 'Small Price' for Safety Amid Iran Crisis
Oil prices soar past $100 a barrel after US-Israel strikes on Iran, with Trump downplaying the impact as necessary for peace. Experts warn of further rises to $150 per barrel.
Oil Prices Soar Above $100 Amid Escalating Iran Conflict
Brent crude skyrockets 17% to over $108 a barrel, hitting nearly $120, as Iran's conflict disrupts Middle East oil supply. Global markets slump, with emergency G7 talks planned to address the crisis.
Minister Won't Commit to Labour Energy Bill Cut as Oil Prices Soar
Communities Secretary Steve Reed refuses to guarantee Labour's £300 energy bill reduction pledge as oil prices exceed $100 a barrel due to Middle East conflict.
Oil Hits $120 as Middle East War Sends Shockwaves Through Markets
Oil prices have soared to a three-year high of nearly $120 a barrel due to the escalating Middle East conflict, driving up fuel costs and threatening household budgets worldwide.
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G7 Releases Emergency Oil Reserves as Middle East War Escalates
In response to escalating tensions in the Middle East, G7 countries have agreed to release emergency oil reserves to stabilise global markets and curb price surges.
Oil Crisis Sparks Rationing and Unrest in South Asia
Soaring oil prices above $115 a barrel, driven by US-Israeli war with Iran, trigger severe fuel shortages and violence in Pakistan and Bangladesh, with global economies bracing for further disruptions.
Oil Price Surge: Brent Crude Tops $100 Amid Hormuz Standstill
Oil prices have surged above $100 per barrel for the first time in four years due to a standstill in the Strait of Hormuz, threatening petrol pump price hikes and supply uncertainty.
Oil Surges Past $115, Fuel Violence Erupts in South Asia
Oil prices have surged past $115 a barrel as the Iran conflict disrupts the Strait of Hormuz, causing fuel rationing, violence at petrol pumps in Pakistan and Bangladesh, and global economic warnings.
Oil Prices Soar After Iran Leadership Change and Attacks
Global oil prices skyrocketed following Iran's appointment of a new supreme leader and renewed military strikes against Israel and Gulf nations, sparking economic fears worldwide.
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Joyce and Plibersek Clash Over Fuel Security on Sunrise
Barnaby Joyce issues stark warning over Australia's fuel security, sparking fiery on-air clash with Social Services Minister Tanya Plibersek as concerns mount over potential shortages.
Iran War Triggers African Fuel Market Shockwaves
Surging global oil prices due to the Iran war are severely impacting African economies, increasing fuel costs, inflation, and currency pressures across the continent.
Oil Prices Surge Past $114 a Barrel Amid Iran War
Crude oil prices have skyrocketed above $114 a barrel as the Iran war severely disrupts production and shipping in the Middle East, sparking global economic concerns.
Australian Petrol Prices Could Surge to $3 a Litre Amid Crisis
Australians are being warned to refuel immediately as petrol prices could reach $3 a litre due to Middle East conflict and soaring oil prices, with experts highlighting fuel security concerns.
Trump: Oil Spike 'Small Price' for Security as Gas Costs to Last Weeks
President Trump claims higher oil prices are a minor cost for global safety, while Energy Secretary Chris Wright assures Americans high gas prices will persist for weeks, not months, following U.S.-Israel strikes on Iran.
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UK Drivers Hesitate on EVs Due to Misinformation
A new report reveals that many UK drivers are misinformed about electric vehicles, with 51% scoring poorly on EV knowledge. This lack of understanding is delaying the switch to electric motoring, as highlighted by the Energy and Climate Intelligence Unit.
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