Energy prices will surge by £332 a year from July as the Iran war drives up the cost of oil and gas
Cornwall Insight said that the energy price cap will rise from £1,641 between April and June to £1,973 from July
There were further attacks on energy infrastructure in the Middle East overnight
Firefighters are trying to control blazes at Mina Al-Ahmadi refinery after Kuwait says it was hit again by Iranian drone attacks.
Oil prices could surge to $180 per barrel in the coming weeks, according to Saudi officials
Petrol prices have risen eight per cent since the start of the conflict while diesel prices have surged fifteen per cent according to the RAC
The International Energy Agency is this morning suggesting people should work from home, avoid air travel and drive at lower speeds to help tackle impending oil shortages
The International Energy Agency (IEA) has issued a list of “demand side measures” that governments, businesses and households could take to alleviate the impact of soaring oil prices and disruption to supplies
It has also recommended that ministers could reduce road speed limits, reduce car access to designated zones in large cities and give vehicles with odd-numbered plates access on different weekdays to those with even-numbered plates.
