Chancellor raises prospect of help after prices almost treble since start of conflict

Governments are having to wake up to the fact they will have to take a closer interest in supply chains for essentials

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

The conflict in the Middle East could raise the cost of petrol, household energy bills and even food.

Chancellor raises prospect of help after prices almost treble since start of conflict

Exclusive: Oil at $100 a barrel means higher prices in the EU and UK, making savings for those with electric vehicles even greater, analysts say