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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

UK petrol prices poised to rise as Israel-Iran conflict pushes up cost of oil

Oil Iran Israel Petrol United Kingdom United States Rachel Reeves
A pump at a petrol station
Iran accounts for about 3% of global oil supplies. Photograph: Joe Giddens/PA

Britons are braced for higher prices at the pumps after a rise in oil prices caused by the conflict between Israel and Iran in recent days.

Oil prices climbed in early trading on Monday as traders worried about the risks of a broader regional military conflict, which could disrupt supplies.

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