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Iran War Fuels £307M Surge in UK Petrol Prices

3/25/2026

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Story summary
  • The ongoing Iran war has driven a £307 million rise in fuel costs for British drivers as oil prices exceed $100 per barrel.
  • Chancellor Rachel Reeves faced criticism for not outlining measures to help households with rising energy bills.
  • Labour MP Andrew Cooper accused petrol retailers of price gouging, prompting questions about the Competition and Markets Authority (CMA)'s ability to act.