Prepare for ‘record prices at the pumps’, a motoring industry leader has warned

Spike follows claims by Iran’s Revolutionary Guards they struck three US and UK oil tankers in the Gulf and the Strait of Hormuz

Motoring group RAC has said prices at the pump could keep rising if there is no resolution to the Iran war.

Following the US and Israeli attacks on Iran, the price of oil jumped to 80 US dollars a barrel, with some analysts suggesting it could rise above 100 dollars

Prepare for ‘record prices at the pumps’, a motoring industry leader has warned

The economic impacts of the Iran war are set to be felt across the world, including in UK households