---
title: "Rising Oil Prices Set to Push Up Petrol Costs at the Pump"
publisher: "Share Talk"
author: "sharetalk"
published: "2025-06-18T07:38:06+00:00"
modified: "2025-06-18T07:38:06+00:00"
date: 2025-06-18
canonical: "https://www.share-talk.com/rising-oil-prices-set-to-push-up-petrol-costs-at-the-pump/"
category: "Energy"
categories: ["Energy"]
tags: ["AA", "Brent Crude", "car", "Chancellor", "drivers", "Edmund King", "fuel", "fuel duty", "Iran", "Israel", "Middle East", "petrol prices", "pump prices", "Strait of Hormuz"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/06/dreamstime_xxl_327834471-scaled-1.webp?fit=1200%2C650&ssl=1"
format: "news"
language: "en-GB"
---

# Rising Oil Prices Set to Push Up Petrol Costs at the Pump

**Published:** June 18, 2025
**Author:** sharetalk
**Categories:** Energy
**Tags:** AA, Brent Crude, car, Chancellor, drivers, Edmund King, fuel, fuel duty, Iran, Israel, Middle East, petrol prices, pump prices, Strait of Hormuz
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/06/dreamstime_xxl_327834471-scaled-1.webp?fit=1200%2C650&ssl=1)

---

**Fuel Price Drop May Be Short-Lived as Oil Surges on Middle East Tensions**

While **petrol and diesel prices fell last month**, the relief at the pumps could be short-lived. A **sharp rise in crude oil prices**, sparked by escalating tensions between **Israel and Iran**, is expected to push **fuel costs higher** in the coming weeks.

Oil markets remain on edge following **Israel’s surprise strike on Iran last Friday**, which prompted a **missile response from Tehran**. Though prices have stabilised for now, they remain elevated after recent gains. **Brent crude**, the global benchmark, is trading at **$76.38 a barrel**—around **10% higher** than pre-conflict levels and the **highest since February**.

Shipping traffic through the region has already started to show signs of strain. While there is no full-scale exodus yet, **companies are exercising extreme caution**, and analysts warn that any disruption—particularly a **closure of the Strait of Hormuz**—could have serious implications for **global supply chains** and **energy prices**.

> “A closure of the Strait would cause a significant supply shock and could send oil prices soaring further,”said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
>
> “This would feed through to the pumps quickly, just as consumers were beginning to feel some relief.”

Markets are watching closely, with energy costs now back in focus as a key driver of inflationary pressures.

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