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The Latest Breaking News from Gas Prices

Ministers eye new energy support as Iran war sends prices soaring

Derek Lickorish, chairman of electricity and gas firm Utilita, has warned ‘we just don't know’ how high gas prices will go

Evening Standard

European markets dip as oil prices soar and European gas prices jump

Leading European stock market indexes started the week with a big sell-off, following a major drop across Asian markets and surging oil prices, as the Middle East crisis escalates further.

Euronews

Oil Prices Surge Past $100 a Barrel as Dow Futures Crash 900 Points — What It Means for Your Grocery Bill, Petrol, and Savings

How the recent surge in oil prices above $100 a barrel impacts your petrol costs, grocery bills, and household budget in the US, UK, and globally. Learn about the economic ripple effects and market reactions.

International Business Times UK

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'A Good Thing' — Leavitt Defends Spiking Gas Prices on Fox News Even as Brent Crude Hits $84 a Barrel

White House press secretary Karoline Leavitt defends rising petrol prices in the US, citing the Iran conflict as a temporary disruption for long-term energy market benefits

International Business Times UK

Schumer calls on Trump to release oil from reserve to lower gas prices

Republicans have been slow to embrace the idea.

Axios

US energy chief says spike in gas prices will fall ‘before too long’ amid Iran war

Chris Wright says price increase would last weeks, not months, and that US would not target Iran’s energy industry

The Guardian - US

White House worries as gas prices jump amid ongoing US-Israel war on Iran

US drivers are largely insulated from higher oil prices caused by Middle East turmoil – but only to a point

The Guardian - US

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Growing concern as oil and gas prices rapidly rise amid escalating Iran conflict

Prices surged higher and showed no signs of halting as Iran conflict enters second week

The Independent UK

Lousy job growth and sky-high gas: Trump’s economy is in crisis and puts his presidency at risk

Moody’s Mark Zandi tells Eric Garcia that high gas prices will make it ‘very difficult to kind of get Americans back thinking, believing or buying into the idea that things were going at all well’

The Independent UK

Stephen Colbert on Kristi Noem: ‘A domestic terrorist who deserves to go to Gitmo’

Late-night hosts addressed Trump firing the DHS secretary, rising US gas prices and Robert F Kennedy Jr’s crackdown on Dunkin’

The Guardian - US

Trump Bragged About Lower Gas Prices. Then He Bombed Iran.

You can have low gas prices or war in the Middle East, but not both.

Reason

Energy markets ‘in turmoil’ due to Middle East conflict as major suppliers ditch fixed-price tariffs

Wholesale gas prices have almost doubled since Saturday

The Independent UK

Nat-Gas Prices Rally on a Larger-Than-Expected Fall in Inventories

April Nymex natural gas (NGJ26 ) on Thursday closed up by +0.086 (+2.95%). April nat-gas prices rallied on Thursday and settled higher due to a larger-than-expected storage withdrawal. The EIA reported that nat-gas inventories for the week ended February 27 fell by -132 bcf, a larger draw than expectations of...

Barchart

Stock market falls resume as US-Israel war with Iran drives up oil and gas prices

FTSE 100 and France’s CAC down 1.5%; Germany’s DAX and Italy’s FTSE MIB down 1.6%; the Dow Jones was down 2%

The Guardian - UK

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The Independent UK

White House is looking ‘under every rock’ to solve rising gas prices after Trump’s war in Iran spikes costs, report says

Gas prices in the U.S. rose roughly 28 cents per gallon in one week, as a result of U.S. and Israeli strikes in Iran

The Independent UK

Americans lash out at Trump as gas prices rise over Iran war: ‘He promised to bring prices down’

Less than a week into conflict with Tehran and drivers are already noticing higher prices at the pumps

The Guardian - UK

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

Government’s claim to have lowered bills in jeopardy as households face £160 rise caused by soaring oil and gas prices

Euronews

Iran war: How exposed are European economies?

The closure of the Strait of Hormuz has sent gas prices surging by 60%, putting additional strain on Europe's already-depleted winter inventories and prompting economists to revise their 2026 growth and inflation outlooks.

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The Independent UK

Gas prices spike in the U.S. as Iran conflict escalates

After U.S. military strikes on Iran began this past weekend, gas data site GasBuddy predicted that gas prices would rise 10 cents to 30 cents a gallon ‘over the next two weeks’

Barchart

Nat-Gas Prices Sink on Hopes Middle Eastern Energy Disruptions Will be Short

April Nymex natural gas (NGJ26 ) on Wednesday closed down by -0.137 (-4.49%). April nat-gas prices tumbled on Wednesday, giving back some of this week’s gains after a report from the NY Times claimed that Iran was ready to discuss ending the conflict, which eased for over a prolonged conflict...

The Guardian - UK

Energy bills could rise by £160 after Iran conflict pushes gas prices higher

Household costs could reach £1,800 a year from July as UK market hits three-year high

Evening Standard

Stock markets rebound and energy prices ease but fears remain over Iran war

Global financial markets are largely being led by the movement of wholesale energy prices.

International Business Times UK

Qatar LNG Halt Triggers 70% Spike in European Gas Prices as Energy Security Concerns Rise

Discover how Qatar's LNG production halt impacts global energy markets, causing a 70% surge in Dutch TTF natural gas futures. Learn about the implications for Europe and Asia's energy supply.

Axios

American gas bounty shielding consumers from war spikes, for now

U.S. natural gas dominance provides a cushion when overseas supply is disrupted.

The Guardian - UK

War in Middle East ‘could wipe out growth in UK living standards’

Rising oil and gas prices may affect increase of £300 a year for typical working-age households, says leading thinktank

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