Chancellor Rachel Reeves and Energy Secretary Ed Miliband have summoned petrol retailers to Downing Street, warning against unfair pricing practices as Middle East tensions drive up fuel costs for motorists.
UK petrol retailers accuse ministers of 'inflammatory language' over price rises, leading to staff abuse, as fuel costs spike due to the Iran conflict.
Electric induction cooktops are selling out across India as fears of a cooking gas shortage due to the Middle East conflict drive consumers to alternative appliances. E-commerce platforms report soaring demand and supply chain disruptions.
The closure of the Strait of Hormuz and attacks on Middle Eastern oil facilities have driven oil prices up 34%. This article explains how crude oil becomes fuel and what it means for global markets.
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As the US-Iran conflict escalates, Brent crude prices have surged 40%, pushing petrol costs to 20-month highs and threatening renewed inflation and interest rate hikes in the UK.
The UK energy regulator Ofgem has issued a concerning alert about how the Iran conflict might impact wholesale energy costs and future bills for British households.
Thieves are targeting heating oil tanks in Suffolk as prices jump from 62p to £1.73 per litre. The CMA investigates price gouging and contaminated fuel sales.
Thieves target heating oil tanks in Suffolk as prices soar to £1.73 per litre due to the Iran conflict, with police warning of rogue traders and the CMA investigating price gouging.
Tony Blair's think-tank warns Britain must increase North Sea oil and gas output to avoid 'outsourcing' energy security as Middle East turmoil spikes prices.
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Ed Miliband unveils plans to accelerate UK nuclear power generation by cutting regulations, but faces accusations of irresponsible deregulation from environmental experts.
Labour's cost of living champion, Lord Walker, accuses energy companies of profiteering amid Middle East crisis, with fuel prices soaring and regulators urged to act.
Oil prices have climbed back above $100 a barrel amid global market slumps, as the US temporarily eases sanctions on Russian oil to stabilise energy markets, despite IEA warnings of major supply disruptions.
UK motorists face sharp fuel price hikes as Middle East tensions drive oil costs higher. Diesel surges 16p per litre compared to petrol's 7p rise due to refining complexity and supply factors.
British drivers are paying £15 million extra daily for fuel as retailers hike prices following Iran's Strait of Hormuz blockade, with rogue forecourts warned by regulators.
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Chancellor Rachel Reeves and Energy Secretary Ed Miliband meet energy bosses to warn against exploiting soaring oil prices from Middle East conflict, with CMA monitoring for unjustifiable hikes.
Chancellor Rachel Reeves and Energy Secretary Ed Miliband meet with energy executives to warn against profiteering amid soaring oil prices following Middle East conflict, as fuel costs spike dramatically.
New Zealand is considering reviving 1970s-era car-less days legislation to combat fuel shortages, while Australia relaxes standards and stockpile rules amid Middle East supply disruptions.
Ed Miliband recommends a government app to find cheapest fuel as diesel prices jump 9% since February. Rachel Reeves warns against profiteering amid Middle East tensions.
Robert Habeck, Germany's former economy minister, states that the world has shifted from weaponising energy to using tariffs and technology as political weapons since Donald Trump's re-election, highlighting ongoing global security shocks.
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As UK energy bills soar, critics falsely blame net zero policies. The real culprit is fossil gas pricing, with renewables being the cheapest source of electricity.
The US has issued a 30-day waiver allowing countries to buy sanctioned Russian oil stranded at sea, aiming to ease energy market disruptions caused by the Iran war, with oil prices already dropping in Asia.
Australia will release nearly 20% of its fuel stockpile to bolster supply security, with Energy Minister Chris Bowen insisting the country is nowhere near running out of fuel.
Russian negotiator Kirill Dmitriev states Washington is recognizing the significance of Russian oil during global energy turmoil, following talks with US counterparts on Ukraine.
Energy Minister Chris Bowen has reduced national fuel stockpile requirements for petrol companies, aiming to facilitate easier supply releases to regional areas, with diesel and petrol stocks lowered significantly.
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Chancellor Rachel Reeves has called on the competition watchdog to crack down on rip-off fuel prices ahead of a Downing Street meeting with energy bosses, warning against profiteering during the Iran conflict.
Chancellor Rachel Reeves and Energy Secretary Ed Miliband will meet fuel industry leaders at Downing Street to address concerns over price hikes following Middle East conflict.
The International Energy Agency warns Donald Trump's Middle East war has created the largest oil supply disruption in history, surpassing the 1970s crisis. Prices surge past $100 a barrel, threatening UK growth and household budgets.
The Labor government struggles to address fears of fuel shortages amid the Middle East crisis, with motorists facing higher prices and regional towns already out of supply.
The sole service station in Batlow, NSW, has ceased fuel sales to prevent charging locals up to $3 per litre amid a national crisis. Residents now drive 25 minutes for petrol as apple growers face mounting costs.
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Energy Secretary Ed Miliband faces calls to intervene after Ofgem granted Tesla an electricity supply licence, with critics citing national security concerns over Elon Musk's political activities.
