UK diesel prices could rise above £2.30 per litre by the end of the year if the Iran conflict continues and global fuel supplies remain constrained, according to analysts at
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
Trump says US will lift naval blockade on Iran
Markets reacted positively after US President Donald Trump signalled that the US naval blockade of Iran would be lifted, raising hopes that a formal peace agreement could be imminent and
Iran has reimposed restrictions on the Strait of Hormuz
Iran has reimposed restrictions on the Strait of Hormuz, citing the continued US naval blockade of its ports, according to state media.
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.
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
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.