Potential Iran conflict threatens UK economic growth in 2025. Middle East tensions push oil prices higher and disrupt global supply chains, officials warn.
Oil prices decline following progress in negotiations to reopen the Strait of Hormuz. US officials announce breakthrough talks on shipping resumption.
Rising oil prices could force the Bank of England to raise interest rates. Economists warn Middle East tensions may push rates above $100 per barrel this year.
Brent crude oil prices exceeded $100 per barrel for the first time since May, driven by escalating Middle East conflict concerns and geopolitical uncertainty.
Heating oil customers will receive compensation following recent price increases triggered by geopolitical tensions affecting crude oil markets and energy costs...
Petrol prices fall to pre-conflict levels as oil production normalizes in the Middle East. Discover how energy markets are recovering after recent geopolitical...
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