US Vice President JD Vance criticises UK energy prices as a scandal, claiming middle-class families cannot afford heating or transport due to government policies, despite global price spikes from Iran conflict.
The head of the International Energy Agency states that the crisis triggered by the US-Israeli war on Iran will accelerate the shift to renewables and nuclear power, reshaping global energy geopolitics.
Petrol and diesel prices in the UK have surged to multi-year highs amid Middle East conflict, but a new ceasefire offers hope. Experts warn any price drops will be slow and gradual.
UK diesel prices have surged past 190p per litre, up 34% since February, but a US-Iran ceasefire agreement could help stabilise costs in coming days.
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UK diesel prices have soared to 190.6p per litre, a 34% increase since February, but a US-Iran ceasefire may halt further rises. Petrol also climbs to 157.7p, with experts warning of ongoing uncertainty for drivers.
US Vice President JD Vance claims middle-class Britons cannot afford heating or transport due to high energy prices, ignoring the role of Trump's Iran war in causing the crisis.
The average price of diesel in the UK has exceeded 190p per litre, reaching 190.6p, a 34% increase since late February. Petrol prices have also risen sharply to 151.7p, marking a 19% increase since the conflict intensified. Both fuels are now at their mos
UK diesel prices have soared to over 190p per litre, a 34% increase since February, but a US-Iran ceasefire offers hope for a peak in pump costs soon.
Airports worldwide are facing fuel shortages and flight cancellations as jet fuel prices surge due to attacks in the Strait of Hormuz, impacting global travel and airline operations.
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A Middle East ceasefire and reopening of the Strait of Hormuz have lowered oil prices, offering cautious hope for UK drivers after petrol and diesel costs surged by up to 34% since February.
Shell reports a significant rise in oil trading profits due to the Iran war, while gas production in Qatar faces setbacks from labour strikes, impacting global energy markets.
Chancellor Rachel Reeves faces criticism for shelving plans to scrap the Energy Profits Levy early, allegedly blocking £17.5 billion in North Sea oil and gas investment amid the Iran war crisis.
A Welsh station sells petrol at 126.9p/litre, far below the UK average of 157p, as the Iran war drives prices up despite a conditional ceasefire.
The US-Iran ceasefire and Strait of Hormuz reopening cause oil price drops, easing energy costs but UK inflation pressures persist with grocery inflation up to 10%.
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A two-week ceasefire between the US and Iran has led to falling oil prices, but UK households may still face rising energy bills and high mortgage rates. Experts warn of ongoing pressures on fuel and holiday costs.
India is poised to receive its first shipment of Iranian oil since 2019 after US sanctions were temporarily lifted. State-run Indian Oil Corp has acquired the cargo aboard the VLCC Jaya.
A ceasefire agreement between Donald Trump and Iran has triggered a sharp fall in oil prices, with experts predicting fuel costs could drop in coming days, offering relief to UK drivers.
Analysis reveals the UK saved £2.5 billion last year by using domestic offshore gas instead of imports, sparking political clashes over new North Sea drilling projects.
The US-Iran ceasefire may avert further crisis, but Tehran's control of the Strait of Hormuz and war damage mean fuel prices will stay elevated, impacting UK households and energy bills.
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Shell has reduced its gas production guidance for Q1 2026, citing impacts from Middle East hostilities, while its oil trading profits surge due to price spikes.
Turkey has approved over 33GW of battery capacity since 2022, outpacing EU leaders like Germany, as it aims to bolster its clean energy grid and reduce fossil fuel reliance.
Australia faces a severe fuel crisis as Iran's closure of the Strait of Hormuz disrupts oil shipments, leading to price hikes and widespread service station outages.
Petrol and diesel prices surge in Australia as Energy Minister Chris Bowen cautions that a US-Iran ceasefire will not immediately reduce fuel costs, with government tax cuts extended until July.
UK petrol and diesel drivers are advised to fill up before Thursday 5pm for best prices as global oil prices drop following a conditional ceasefire deal reopening the Strait of Hormuz.
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Petrol and diesel drivers in the UK are advised to refuel before 5pm on Thursday to secure best prices, following a conditional ceasefire deal that reopened the Strait of Hormuz and caused global oil prices to plummet.
Australian fuel prices have risen sharply as Prime Minister Anthony Albanese visits Singapore, sparking concerns over economic impacts and government response.
Global oil prices have risen sharply due to a Trump-imposed deadline for Iran to reopen the Strait of Hormuz, with the IMF monitoring economic impacts.
Oil prices have spiked due to escalating tensions between Donald Trump and Iran, with the IMF cautioning about potential inflation effects on global stock markets.
Energy Minister Chris Bowen told a journalist to 'sit down' during a heated press conference exchange about Australia's renewable energy strategy amid global instability.
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Energy Minister Chris Bowen told a journalist to 'sit down' during a heated press conference where he defended Australia's renewable energy strategy against accusations of hypocrisy and poor timing.
