Oil prices have seen their biggest weekly increase in six years while experts warn energy bills could rise by 10 per cent in July

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

Heating oil prices spiked by as much as £100 over the weekend

Inflation concerns could see the BoE pause their recent rate cuts - or head the other direction

Oil prices have seen their biggest weekly increase in six years while experts warn energy bills could rise by 10 per cent in July

Warnings issued that oil and gas production in the Gulf could be halted entirely in the coming days, as commodity prices and stock markets are being hammered

Disruption in the Strait of Hormuz is halting oil trade and hiking prices

Surge in energy prices causing rationing and closure of petrol pumps in import-dependent South Asia

Heating oil’s more volatile pricing is fed straight through to consumers, a key difference to gas and electricity energy supplies

Energy bills rising is an inflationary pressure the UK’s economy could do without