Oil prices spike as key shipping route disrupted by Iran attacks
Global oil prices have risen sharply after Iran's response to US and Israeli airstrikes disrupted shipping, raising the prospect of a new energy-led surge in inflation.
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Some fuel retailers are "losing money" on diesel sales following the spike in wholesale prices witnessed since the start of the Middle East conflict, according to the industry.
...11-03-2026, 12:22 PM -
This spring, the most valuable commodity in agriculture is not sunshine or even rain, it is fertiliser.
More...30-03-2026, 01:37 AM -
Chancellor Rachel Reeves has warned petrol retailers of a "shared obligation" to keep prices down for motorists amid soaring prices and war in the Middle East.
More...13-03-2026, 10:24 PM