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The Latest Breaking News from Petrol

Stock markets tumble further as oil prices soar above 100 dollars a barrel

Brent crude soared by 15% to 107 dollars a barrel, having at one stage reached nearly 120 dollars in levels not seen since the summer of 2022.

Evening Standard

Oil prices race above 100 dollars a barrel as Iran conflict escalates

Brent crude soared by 17% to more than 108 dollars a barrel, having at one stage reached nearly 120 dollars a barrel for the first time since 2022.

Evening Standard

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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Oil crosses $100 mark amid Iran war as violence erupts at petrol stations in South Asia

Surge in energy prices causing rationing and closure of petrol pumps in import-dependent South Asia

The Independent UK

Don't panic: motorists warned against stockpiling fuel

Australians are being told not to panic-buy petrol at the bowser or stockpile fuel as the war in Iran widens and causes oil prices to soar globally.

AAP

UK drivers reveal why they are not switching to electric vehicles

One think tank suggests drivers are ‘holding back from making the shift’ to electric motoring

The Independent UK

'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

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Distant war, a regional shockwave: How Middle East crisis is making life difficult in Bangladesh and Pakistan

Escalating West Asian conflict triggers economic fallout in South Asia, with Bangladesh implementing fuel rationing amid panic buying and Pakistan facing shortages and price hikes. Border trade disruptions in Balochistan exacerbate the crisis, impacting essential commodity supplies and livelihoods.

The Times of India

'Perfect storm': fuel uncertainty threatens food prices

Australians could face higher prices beyond the petrol bowser as farmers warn fuel disruptions amid Middle East tensions could hit supermarket shelves.

AAP

Expanding Middle East war to loom over domestic economy

Petrol prices have already surged following conflict in the Middle East, raising the possibility of a hike in inflation.

AAP

'If They Rise, They Rise' — Trump Shrugs Off Surging Pump Prices as Qatar's Energy Minister Warns Oil Could Hit $150 a Barrel

As the US-Iran conflict intensifies, oil prices are skyrocketing, with potential global economic impacts. Discover how the Strait of Hormuz tensions are affecting energy markets.

International Business Times UK

Iran conflict threatens new UK cost of living crisis as energy markets in ‘turmoil’ and mortgage rates on the rise

Oil prices have seen their biggest weekly increase in six years, while experts warn energy bills could rise by 10 per cent in July

The Independent UK

Police Told Kelly Wilkinson to 'Cool Off' When She Asked for Help, Days Later Her Ex-Husband Burned Her Alive

An inquest into Kelly Wilkinson's death hears claims police turned her away four days before her estranged husband burned her in a brutal petrol attack.

International Business Times UK

Man who murdered former partner’s sister and children in house fire jailed for life

Sharaz Ali was jailed after setting fire to the home of Bryonie Gawith and her three small children in the early hours of August 21 2024

The Independent UK

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Evening Standard

Man who killed his ex’s sister and her children in fire given whole-life order

Sharaz Ali ‘wanted to inflict maximum pain’ when he set fire to the home of Bryonie Gawith and her three small children.

The Times of India

Pakistan left with 26 days of fuel, may impose work-from-home as Strait of Hormuz crisis deepens

Pakistan is implementing major measures to ensure fuel stability amid trade slowdown due to the Strait of Hormuz closure. Proposals include weekly price revisions, compensation for increased oil company costs, and fuel conservation. The country is exploring alternative import routes and has substantial existing fuel stocks.

International Business Times UK

White House In Crisis Mode As Gas Prices Surge, Iran War Widens And Americans Left Stranded Overseas

The escalating conflict with Iran is causing global oil shocks, diplomatic crises, and economic disruptions, affecting energy markets and American citizens abroad.

AAP

Tax cut could help more drivers dodge petrol price hike

More Australians could turn to electric vehicles to avoid rising fuel costs if governments keep tax cuts for their purchase and consider new incentives.

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Evening Standard

How the Iran war will hurt you in the pocket as costs soar

Petrol, heating, and grocery bills could all take a hit as the conflict shows no sign of slowing

Radio France Internationale

French officials meet fuel suppliers as Iran conflict lifts oil prices

French finance chiefs on Thursday moved to calm fears of a sharp rise in fuel prices as fighting between Israel and Iran in the Middle East entered a sixth day and global oil prices climbed.

The Guardian - AU

Australian petrol retailers accused of price gouging over rising fuel costs amid Iran war

Motoring groups accuse retailers of using conflict as an excuse to lift prices as Jim Chalmers asks ACCC to keep watch

The Conversation

Petrol prices too high? Here’s how quickly an EV could save you money

Petrol prices began rising even before the conflict in Iran drove oil prices higher. Australia imports around 80% of its fuel, which means prices can spike when geopolitical shocks ripple through supply chains.

AAP

'Unjustifiable': Petrol stations warned on price hikes

Service stations are being warned not to take advantage of the Iran war by hiking up the price of fuel, over concerns motorists will be taken for "mugs".

The Guardian - UK

From petrol to groceries: how Middle East crisis is driving up prices

Global supply chains are disrupted and prices are rising across sectors amid warnings worse is to come if conflict persists

The Guardian - AU

Labor says Australia won’t run out of fuel due to the Iran conflict. So how much do we have and how long will it last?

The amount of crude oil being refined locally has dwindled in recent years – but officials say Australia’s strategic reserve means there’s no need to worry

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