"UK households have been urged to ensure they have secured the best value for money on their energy bills as rising costs has seen providers rapidly pull offers from the market. Many experts have warned of looming price rises as conflict in the Middle East hits the supply of oil and gas from the region."
"Iran has said it will not let a single drop of oil leave the region, as it threatens to attack any ship travelling through the Strait of Hormuz, a key lane for the worldwide oil trade. The situation has led to a spike in the wholesale gas rate, which have almost doubled since the start of the war."
"Analysis by MoneySuperMarket has found that 57 energy tariffs have been either removed or repriced since Monday, as providers anticipate rising costs."
UK households are advised to secure the best energy deals as rising costs prompt providers to withdraw market offers. Conflict in the Middle East, including US-Israel strikes on Iran and Iranian retaliatory attacks, threatens oil and gas supplies. Iran has threatened to block oil shipments through the Strait of Hormuz, a critical global trade route. Wholesale gas rates have nearly doubled since the war began, directly driving up UK energy prices. Analysis shows 57 energy tariffs have been removed or repriced since Monday as providers anticipate further cost increases.
Read at www.independent.co.uk
Unable to calculate read time
Collection
[
|
...
]