The Strait of Hormuz Standoff: Why Your Petrol Pump Might Get Grumpy
The Strait of Hormuz is seeing a massive drop in shipping traffic, threatening global oil supplies and potentially hitting UK petrol prices.
The Strait of Hormuz is seeing a massive drop in shipping traffic, threatening global oil supplies and potentially hitting UK petrol prices.
As tensions rise in the Strait of Hormuz, nations are bypassing international sanctions by striking private deals with Iran to secure their oil supplies.
As the government pledges £53m to help with heating oil costs, we look at whether this is a sustainable fix or just another expensive sticking plaster for the UK.
Tensions in the Strait of Hormuz are threatening global oil supplies and potentially impacting UK energy costs. Here is a breakdown of why this matters.
Global powers are opening the taps on emergency oil reserves to prevent a price explosion amid Iran war fears, but will it be enough to save your wallet at the pump?
President Zelensky has slammed EU allies for 'blackmail' over the Russian oil pipeline row, highlighting the tension between energy needs and war sanctions.
The US claims that easing sanctions on Russian oil will barely help Vladimir Putin, but the reality for global energy markets and the UK economy tells a much more complicated story.