- UK motorists have paid an additional £307m for petrol and diesel since the US and Israel's conflict with Iran began on 28 February, according to RAC Foundation analysis.
- Chancellor Rachel Reeves announced no immediate extra financial help for households struggling with soaring energy bills, despite the conflict's "significant" economic challenges.
- Oil prices have surged above $100 a barrel due to Iran's blockade of tankers in the Strait of Hormuz, impacting global fuel costs.
- Average petrol prices rose by 3.9p to 144.16p per litre and diesel by 8.1p to 166.88p per litre in the week to 23 March, marking the highest diesel price since March 2023 and unleaded since July 2024.
- Reeves stated she would meet supermarkets and banks to discuss customer support, while the Competition and Markets Authority gains new powers to tackle price gouging.
IN FULL
