Oil Hits $103 Despite US Easing Russian Sanctions

Crude oil prices remain elevated at $103 per barrel despite temporary US sanctions relief on Russian shipments. Analysts estimate 125 million barrels are currently in transit as geopolitical tensions continue.

Iran War Sparks Oil Crisis, Boosting EV Adoption

The Iran conflict has disrupted global oil supplies, sending gasoline prices soaring. Electric vehicle owners are capitalising on the crisis, highlighting significant cost savings and efficiency advantages over traditional fuel-powered cars.

UK Petrol Prices Surge 10p+ per Litre Due to US-Iran War

UK motorists face a staggering £15 million daily increase in fuel costs as petrol prices spike by over 10p per litre following the US-Iran conflict. Interactive mapping reveals regional disparities, with Cherwell and Great Yarmouth seeing the sharpest ris

Iran Closes Strait of Hormuz, Sparking Global Crisis Fears

Iran has shut the Strait of Hormuz, a vital oil chokepoint, after U.S.-Israeli strikes. The closure cuts 20% of global oil and LNG, risking energy and fertilizer shocks, with security challenges complicating international response efforts.

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