Petrol prices rise by 5p over a week as Iran war sends oil higher
Petrol and diesel prices in the UK have risen by 5p per litre following global oil supply disruptions caused by escalating conflict in the Middle East. Brent crude has returned to $100 a barrel as hostilities between US forces, Iran, and Houthi rebels impact regional oil infrastructure.
Why it matters
Rising fuel costs directly impact consumer inflation and household budgets, highlighting the vulnerability of global energy markets to geopolitical instability.
Image source, Getty Images By Shanaz Musafer Business reporter Published 18 minutes ago The average price of unleaded petrol has risen by 5p a litre in the space of a week, according to the RAC, which warned there was "no sign of any relief" for drivers.
The motoring organisation said a litre of unleaded now costs 167.17p - the biggest weekly increase since April - while diesel has also risen by 5p to 188.63p.
Fuel prices have soared since the US-Israel war with Iran began at the end of February, with the fighting severely disrupting supplies of crude oil - a key ingredient in petrol and diesel - across the Middle East.
The price of Brent crude, the global benchmark for oil, has returned to $100 a barrel for the first time since July, as hostilities escalated again.
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