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.
Iran crisis pushes markets to a critical turning point
The escalating confrontation between the US and Iran has brought global markets to a pivotal moment, with risks extending far beyond geopolitics.
Oil plunges as markets rally on hopes of Iran deal
Oil prices tumbled and stocks rebounded after Donald Trump signalled progress in talks with Iran.
Fuel costs surge as drivers face expensive Easter
UK drivers are facing another hit at the pumps, with fuel prices climbing sharply amid ongoing tensions in the Middle East.
UK fuel prices rise for drivers as oil price could climb to $200 a barrel
Diesel and petrol prices climb higher
Future of North Sea oil project rests on Ed Miliband decision amid energy concerns
Britain’s energy landscape stands at a pivotal juncture, as Ithaca Energy, the operator of the Rosebank oil field off Shetland, has announced its readiness to commence production within months, pending
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.