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The Guardian - UK
The Guardian - UK
Business
Jessica Elgot, Heather Stewart and Pippa Crerar

Ministers discuss ways to offset energy price surges caused by Iran war

United States Iran Gas Prices Liz Truss Oil Rachel Reeves The Resolution Foundation
A long black plume of smoke rises from a fire at an oil refinery against the evening sky
A fire after an Israeli strike on the Tehran oil refinery. The war has led to a surge in oil and gas prices. Photograph: Majid Asgaripour/Reuters

Ministers are discussing the possibility of intervening to protect the public against soaring household energy bills if the Middle East conflict drags on.

Oil and gas prices have surged since Donald Trump started his bombing campaign against Iran, which has responded by closing off a crucial shipping route through the strait of Hormuz and attacking regional energy infrastructure.

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