UK fuel prices rise as Iran conflict disrupts Middle East oil supply, RAC warns
By
Faarea Masud
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Summary
The article explains how the US-Israel war with Iran (starting February 28) has disrupted Middle East energy production and transportation, leading to higher fuel costs for UK motorists. The RAC warns pump prices could keep rising without a resolution. It explains the link between wholesale crude oil prices and the cost of petrol/diesel at the pump.
Key quotes
· 4 pulledMotorists in the UK have faced higher fuel costs since the US-Israel war with Iran began on 28 February.
The conflict has significantly disrupted the production and transportation of energy across the Middle East.
The RAC motoring group has warned that prices at the pump could keep rising if there is no resolution to the conflict.
Crude oil is a key ingredient in petrol and diesel, which means that higher wholesale costs make filling up a car more expensive.
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