US EditionLatest Petrol Price Forecast Ahead of the Long Weekend
3 Articles
3 Articles
The US blockade of the Strait of Hormuz and Iran's retaliatory actions have plunged the global economy into crisis. Crude oil prices are skyrocketing amid Trump's "shoot-on-sight" order and the activation of Iran's air defenses. Analysts predict that if this tension continues, oil prices could reach $150 per barrel, potentially triggering a new wave of global inflation.
Latest petrol price forecast ahead of the long weekend
Ongoing disruption in the Strait of Hormuz is continuing to rattle global energy markets, with a United States-enforced maritime blockade creating uncertainty around one of the world’s most critical oil corridors. The narrow waterway – responsible for roughly 20% of global oil and gas flows – has seen intensified military patrols after diplomatic talks between the United States and Iran collapsed in Islamabad, raising fears of prolonged instabil…
Why kerosene surged: Inside the heating oil price shock
As global markets react to the Iran crisis, kerosene prices have risen far faster than crude. We examine why heating oil has become the most volatile part of the fuel market – and why distributors are facing scrutiny. The Iran conflict has sent shockwaves through global energy markets, pushing prices higher and disrupting supply chains. Across the UK and Ireland, heating oil prices have surged far faster than crude – fuelling public anger, poli…
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