Oil prices are soaring past $100 – here’s what that really means for you

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Oil prices have surged above 100 dollars a barrel for the first time in nearly four years and briefly touched almost $120, driven by escalating conflict in Iran. The price increase is attributed to Iran's actions, including naming a hardline leader, targeting regional energy infrastructure, and blocking the crucial Strait of Hormuz, which handles a fifth of the world's oil. The rising crude costs are significantly impacting UK fuel prices, with petrol and diesel already increasing, and further

Tag-uri: Petrol