Ofgem raises UK energy price cap by 4% due to rising gas prices from the Iran conflict. Crude oil reaching a new all-time high by December at 11.5% YES.

Global petrol prices rise amid Iran conflict. Crude oil to hit a new all-time high by September 30 at 2.5% YES, by December 31 at 12.5% YES.

Analysts are expecting household bills to increase after the Middle East conflict affected wholesale prices.

It marks the highest average bill since July 2023