UK equities came under sustained pressure, with the FTSE 100 falling sharply as escalating tensions in the Iran conflict drove a surge in energy prices.
Trump escalates Iran stance, warns he’s “no more Mr Nice Guy”
Oil prices pushed higher on renewed geopolitical tensions, with crude breaching $115 after Donald Trump escalated rhetoric over Iran.
Oil markets have surged to fresh one-month highs
Oil prices have risen to a three-week high as of 29 April 2026, supported by escalating tensions in the Middle East and the ongoing blockade of the Strait of Hormuz,
Petrol prices falling slower than wholesale costs, says RAC
Fuel prices at the pump are not declining as quickly as expected despite a recent pullback in oil prices, according to the RAC.
Diesel tops $200 a barrel as Iran conflict drives surge
Europe’s benchmark diesel contract has climbed above $200 a barrel for the first time since Russia’s invasion of Ukraine, as the Iran conflict shows little sign of easing.
Reeves backs North Sea drilling amid cabinet tensions
Chancellor Rachel Reeves has voiced support for new North Sea oil and gas drilling, a stance likely to heighten tensions with Energy Secretary Ed Miliband.
Global Oil Supply Crisis Deepens As Iran Conflict Accelerates Energy Market Shock
The world is confronting an unprecedented energy crisis as geopolitical tensions in the Middle East threaten to eliminate substantial portions of the global oil supply. The ongoing conflict has already
UK energy bills set to jump as conflict drives costs higher
Household energy bills are expected to rise sharply from July, as the Middle East conflict continues to push up wholesale prices.
Wall Street opens higher as Trump signals fresh Iran talks
US equities opened higher on Monday after Donald Trump signalled “serious discussions” with Iranian leaders.
Oil surges above $116 as Middle East tensions escalate
Oil prices have climbed sharply, with Brent crude rising above $116 a barrel, its highest level in nearly two weeks, as the conflict in the Middle East intensifies.
Diesel hits highest level since 2022 as fuel costs surge
UK fuel prices have surged again, with diesel reaching its highest level since Christmas 2022 amid the ongoing Iran-driven energy shock.
UK fuel prices keep climbing as diesel surges
Fuel costs continue to rise across the UK, with diesel seeing the sharpest increases since the start of the Middle East conflict.