Fossil fuel price surge after US-Israeli attacks on Iran prompts calls to end dependence on ‘volatile’ energy source
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The UK government must double down on its clean energy drive to protect bill payers from increasingly volatile fossil fuel markets in the wake of the US-Israel war on Iran, climate groups, academics and energy experts have warned.
Research published on Thursday shows that the last fossil fuel energy crisis, caused by the Russian invasion of Ukraine, cost the EU and the UK $1.8tn between 2022 and 2025, driving up bills and fuelling a devastating cost of living crisis.
The US-Israeli attacks on Iran, which started at the weekend, have resulted in fossil fuel prices surging again. Experts say it underscores the need for the UK to end its dependance on such an unstable energy source.
