Despite initial warnings that Britain could face severe fuel shortages and record prices following the outbreak of conflict in the Middle East, petrol prices have fallen below pre-war levels and official consumption alerts have largely ceased.
Analysts had predicted significant disruption to oil supplies, but fuel suppliers outside the region proved far more adaptable than expected. China, in particular, surprised markets by maintaining steady exports.
An uneasy peace deal has helped stabilise prices, though supply disruptions continue in some areas. The government had urged the public to cut back on fuel use, but those advisories have now been withdrawn.
Experts remain cautious about the future, noting that the situation remains fragile. However, the resilience of global supply chains has so far averted the worst-case scenarios.
