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.
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.
Energy industry warns UK household bills could rise by £250
Household energy bills could rise by around £250 a year from July as a result of the conflict with Iran, according to the industry trade body Energy UK.
Bank warns £344 spike in UK energy bills
Households could face a sharp rise in energy bills later this year as the surge in oil prices feeds through to consumer costs.