All news on the topic: Oil prices

23 Sep 2026 641

Britain risks Yemen blowback as Burnham backs Saudi war with RAF refuelling

Andy Burnham’s decision to send a Royal Air Force plane to Saudi Arabia for “defensive” aerial refuelling in the kingdom’s war against the Houthis has a familiar ring to it. His words echo those of his predecessor.

World

21 Sep 2026 687

Trump says Russia has "lost control" of diesel industry after Ukrainian refinery blitz

Donald Trump declared today that Russia has ’lost control’ of its diesel industry after a Ukrainian blitz, with his own war on Iran driving US diesel to its highest price ever.

World

21 Sep 2026 724

Trump threatens to "blow the entire nation up" as Iran tensions escalate

Donald Trump has suggested he could "blow up the entire nation" of Iran reports the chaos in the Middle East may descend back to its worst.

Finance

19 Sep 2026 754

UK considers cutting £2m mansion tax threshold to £1.5m

Labour is considering extending the mansion tax to properties worth over £1.5 million – a policy which could impact nearly 300,000 homes.

World

11 Sep 2026 735

Smoke spotted near Saudi oil pipeline as Houthis seize strategic island

Satellite imagery showed smoke in the area of a crucial oil pipeline in Saudi Arabia, raising fears of another heavy attack by the Houthis on energy infrastructure.

Finance

11 Sep 2026 589

UK borrowing costs hit decades-high levels as oil surges

Britain’s borrowing costs have rocketed to levels not witnessed in decades, as escalating Middle East conflict and surging energy prices rattle bond markets.

Finance

01 Sep 2026 766

UK borrowing costs hit highest level since 2008 as oil shock fuels inflation fears

The UK’s borrowing costs have climbed to their highest level in almost two decades as fears rocket over rising oil prices that could keep interest rates elevated.

Finance

29 Aug 2026 749

Trump hails "biggest oil deal in world history" with Venezuela as he promises cheaper fuel

Donald Trump has declared that the US has struck the "biggest oil deal in world history" with Venezuela as he vowed the agreement would slash fuel prices for Americans.

Finance

19 Aug 2026 1018

UK inflation hits four-month high of 2.9% as energy bills surge

Higher energy bills drove UK inflation up to 2.9% in the year to July, the highest level in four months, according to new figures.

Politics

04 Aug 2026 646

Trump says US and Iran are holding talks as Tehran denies negotiations

Donald Trump has warned Iran it has a “last chance” to sign a “good document”, as he insisted talks were under way despite Tehran denying negotiations with the US were taking place.

Finance

03 Aug 2026 803

EY warns prolonged Strait of Hormuz closure could push UK into recession in 2027

Britain’s economy could be sent into a recession next year if the crucial Strait of Hormuz remains closed into 2027 amid a prolonged Iran war, according to a report.

Finance

26 Jul 2026 895

Bank of England expected to hold interest rates despite renewed inflation risks

The Bank of England is expected to keep interest rates unchanged again next week, despite fresh uncertainty in the Middle East.

Finance

24 Jul 2026 1088

UK borrowing costs surge as oil tops $100 amid Iran conflict

UK borrowing costs soared yesterday amid a global bond market rout sparked by a surge in the oil price back above $100.

World

14 Jul 2026 634

Trump announces US takeover of Strait of Hormuz with 20% cargo fee

President Donald Trump on Monday said the U.S. will take over the Strait of Hormuz — and will be reimbursed “at the rate of 20% on all cargo shipped” for overseeing one of the world’s most critical oil passageways that has been at the center of the U.S.’s re-escalating war with Iran.

World

13 Jul 2026 719

US strikes have obliterated Iranian drone and missile facilities during a fierce battle to secure the Strait of Hormuz

US forces decimated Iran’s drone and missile sites in their latest efforts to keep the Strait of Hormuz secure for transiting cargo ships.

World

08 Jul 2026 779

Trump declares Iran ceasefire “over” after attacks on US military bases

Donald Trump has declared the ceasefire with Iran is “over” after the regime targeted US military bases in the Middle East overnight.

Finance

15 Jun 2026 680

Europe’s STOXX 600 hits record high after US-Iran deal lifts market mood

Europe’s STOXX 600 hit a record high on Monday, boosted by a relief rally across most sectors after the United States and Iran reached a preliminary agreement ‌that would open the Strait of Hormuz and end the three-month-long war in the Middle East.

News

21 May 2026 703

EasyJet absorbs £25 million fuel hit as Middle East war sends oil prices soaring, CEO reassures travellers

The EasyJet CEO has assured customers they can "book with confidence" despite revealing the firm’s finances will be hit due to war in the Middle East, which is driving up fuel costs and creating "near-term uncertainty".

World

15 May 2026 826

Stocks and bonds sell off as oil shock from Middle East conflict rattles investors

Global stocks and bonds were sold off on Friday as concerns over a lasting inflationary impact from the Middle East conflict led traders to anticipate higher US interest rates.

Investigation

13 May 2026 827

UAE quits OPEC in shock move that could slash oil prices and hit Russia’s war budget

On May 1, the United Arab Emirates formally exited OPEC without prior notice to its partners, a move widely seen as the culmination of years of friction with Saudi Arabia over production quotas and regional policy.

News

26 Apr 2026 648

UK braces for shortages as Iran war shuts vital oil route and drives prices higher

The Government is intensifying its planning to address potential shortages caused by the conflict in Iran

World

21 Apr 2026 637

Safe sex costs may rise as war disrupts production of key materials, CEO says

Safe sex could get more expensive if the Iran war continues to disrupt global supply chains, according to a new interview with the CEO of the world’s largest condom manufacturer.

Finance

21 Apr 2026 791

‘Critical diplomatic moment’ as Iran truce deadline nears, warns Cooper

Foreign Secretary Yvette Cooper has said “a critical diplomatic moment” is approaching as the end of a two-week US-Iran ceasefire draws near.

Finance

20 Apr 2026 836

UK economy on brink as Iran blocks Strait of Hormuz and energy prices surge

Two reports from top accounting firms suggest the economy is on the brink as gas and oil prices surge following Tehran’s blockade on the Strait of Hormuz.

World