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US-Israel Conflict Drives Global Energy Prices Skyward

3/10/2026

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Summary

Story summary

The ongoing US-Israel war with Iran is disrupting global energy supplies and shipping routes, potentially raising consumer costs.
In the United Kingdom, petrol prices average 137.51 pence per litre and diesel prices 150.97 pence.
Gas prices have doubled since the conflict began, reaching around 156 pence per therm.
In Europe, jet fuel prices rose from $830 to over $1,500 per tonne.

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Story summary

The ongoing US-Israel war with Iran is disrupting global energy supplies and shipping routes, potentially raising consumer costs.
In the United Kingdom, petrol prices average 137.51 pence per litre and diesel prices 150.97 pence.
Gas prices have doubled since the conflict began, reaching around 156 pence per therm.
In Europe, jet fuel prices rose from $830 to over $1,500 per tonne.