Business
UK Diesel Prices Hit Record £2 Per Litre Amid Iran Conflict
UK diesel prices have reached an all-time high of 200.01p per litre, driven primarily by the ongoing US-Iran conflict. The instability in the Middle East has disrupted oil production and transportation, particularly through the Strait of Hormuz, causing global crude prices to surge. Beyond the immediate impact on drivers, the rising costs are affecting the broader economy, including agriculture and haulage. With the UK importing 17% of its diesel from the US, potential export bans by the Trump administration could further exacerbate supply pressures and price hikes.