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 have surged again, with diesel reaching its highest level since Christmas 2022 amid the ongoing Iran-driven energy shock.
The United Kingdom faces a sharp economic slowdown as geopolitical tensions in the Middle East drive energy prices to levels not seen in recent years. The Organisation for Economic Co-operation
Rachel Reeves has indicated that future energy support will be targeted, suggesting middle-income households may miss out as the government responds to the fallout from the Iran conflict.
Fuel costs continue to rise across the UK, with diesel seeing the sharpest increases since the start of the Middle East conflict.
The escalating confrontation between the US and Iran has brought global markets to a pivotal moment, with risks extending far beyond geopolitics.
Oil prices tumbled and stocks rebounded after Donald Trump signalled progress in talks with Iran.
UK drivers are facing another hit at the pumps, with fuel prices climbing sharply amid ongoing tensions in the Middle East.
Diesel and petrol prices climb higher
Petrol prices have risen sharply since the start of the US-Iran conflict, with drivers now paying around 10p more per litre than at the beginning of the war, according to
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.
Petrol station operators have pushed back against accusations of profiteering after ministers criticised rising fuel prices.
Households could face a sharp rise in energy bills later this year as the surge in oil prices feeds through to consumer costs.