UK petrol prices have climbed to their highest level in four years as the latest escalation in the Middle East pushes oil and wholesale fuel costs sharply higher.
Markets Price Four Bank of England Rate Rises as UK Economy Grows 0.4%
Financial markets are now pricing in as much as one percentage point of Bank of England interest-rate increases over the next year, as stronger-than-expected UK economic growth and surging energy
Brent Crude Surges Towards $106 as UK Gas Prices Hit Highest Since 2022
Brent crude has surged towards $106 a barrel as escalating fighting in the Middle East drives another sharp rise in global energy prices.
UK Petrol Prices Set to Reach Highest Level of 2026
UK petrol prices are expected to climb to their highest level of the year this weekend after renewed US attacks on Iran pushed global oil and fuel markets higher.
Europe Imports Record Russian LNG as Yamal Revenues Reach €6bn
European buyers imported a record volume of liquefied natural gas from Russia’s Yamal export hub during the first half of 2026, generating around €6 billion in revenue for Moscow.
UK Pump Prices Rise Again as Crude Oil Costs Increase
UK petrol and diesel prices have started to rise again as higher crude oil prices feed through to wholesale fuel costs.
Trump Ceasefire Comments Raise Petrol Price Concerns
Donald Trump’s declaration that the US-Iran ceasefire is effectively over has been described as an “ominous” development for UK petrol prices.
Traders bet oil prices could hit five-month low
Traders on the prediction market Polymarket are increasingly positioning for further weakness in oil prices this month, after crude retreated to levels last seen before the conflict in Iran.
Diesel Prices Fall Nearly 17p a Litre After Oil Price Slide
UK diesel prices recorded their biggest monthly fall on record in June, according to RAC Fuel Watch data, as lower oil prices fed through to forecourts.
Petrol Prices Fall as Middle East Peace Hopes Ease Energy Market Fears
UK motorists are beginning to benefit from falling fuel costs as easing tensions in the Middle East drive oil prices sharply lower.
Goldman Sachs Cuts Oil Forecast as Hormuz Reopening Nears
Goldman Sachs has lowered its oil price forecasts after the emerging US-Iran peace agreement increased expectations that energy exports through the Strait of Hormuz will return to normal more quickly
Oil prices fell to their lowest level in three months
Oil prices fell to their lowest level in three months on Monday after the United States and Iran finalised a memorandum of understanding aimed at restoring shipping through the Strait