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Tag: Ceasefire

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Business

Oil price surges towards $100 as Middle East ceasefire begins to unravel

Brent crude jumps 4% towards $100 a barrel after Iran closes the Strait of Hormuz in response to Israeli strikes, threatening 20% of global oil and gas supplies. Read more: Oil price surges towards $100 as Middle East ceasefire begins to unravel

Mahdeehassan | | 3 mins read

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Business

UK petrol prices approach 155p a litre as Iran conflict drives fuel costs to highest level in over two years

UK petrol prices have surged to nearly 155p a litre amid the Iran conflict, with diesel at its highest since late 2022. Experts weigh in on whether a new ceasefire could signal the peak. Read more: UK petrol prices approach 155p a litre as Iran conflict drives fuel costs to highest level in over two years

Mahdeehassan | | 4 mins read

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