LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Iran will ‘set oil tankers on fire’ threatening ships delivering fuel supplies to the UK – London Business News | London Wallet

Philip Roth by Philip Roth
March 4, 2026
in UK
Iran will ‘set oil tankers on fire’ threatening ships delivering fuel supplies to the UK – London Business News | London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

You might also like

Understanding the impact of smart technology on household energy consumption – London Business News | London Wallet

The TEMU affiliate program: A complete guide to boosting your income and user engagement – London Business News | London Wallet

Labour hunt ban sparks warning over rural jobs and fate of 12,000 hounds – London Business News | London Wallet

Disruption in the Strait of Hormuz could significantly threaten global energy shipments, including fuel supplies to the United Kingdom.

This strait is one of the world’s most crucial oil transit routes, as large volumes of crude oil and refined petroleum products pass through it from producers like Iran and other Gulf states.

If shipping were blocked due to conflict, sanctions, or military action, international energy prices could soar, and tanker movements could be delayed. Although the UK now imports much less petrol directly from the Middle East than in previous decades, it remains vulnerable to global price fluctuations because energy markets are highly interconnected.

Maritime security in the region is closely monitored by naval forces, including the Royal Navy, which maintains deployments in Middle Eastern waters to protect commercial shipping. Energy market analysts have warned that UK motorists could face further increases in petrol and diesel prices in the coming days and weeks if tensions in the Middle East escalate.

Recently, the price of oil has risen following missile strikes by Israel and the United States on targets in Iran, along with retaliatory threats from Tehran. Data from the RAC Foundation indicates that benchmark crude oil prices have climbed to approximately $81.40 (£61.19) per barrel.

Consequently, UK fuel prices have also increased, with petrol reaching around 133.4p per litre and diesel at approximately 143.2p per litre.

Experts fear that this upward trend may continue if regional conflicts escalate, especially if Iran attempts to close the Strait of Hormuz or target oil tankers passing through it. The Strait of Hormuz is responsible for transporting roughly 20% of the global oil trade.

Reports have suggested that since the killing of Ali Khamenei on February 28, hundreds of vessels have altered their courses, anchored, or waited in open waters to avoid conflict, though these claims remain unverified.

An adviser from the Islamic Revolutionary Guard Corps, Ebrahim Jabari, was reported by Iranian state media to have warned about potential disruption to global oil trade.

Jabari said: “The strait (of Hormuz) is closed. If anyone tries to pass, the heroes of the Revolutionary Guards and the regular navy will set those ships ablaze.

Speaking to GB News, Howard Cox, founder of FairFuelUK warned: “With refineries, oil tankers, and the Straits of Hormuz being targeted, oil prices will continue to climb relentlessly. A barrel of crude is already over $81 (£60.63).

I predict pump prices will be hiked by up to 10p per litre by the weekend, with independent retailers held to ransom by ruthless cash-grabbing wholesalers and the big brands.

“For over two decades, our clueless politicians have not planned to be self-sufficient in oil and gas production. They should be held to account for making the UK reliant on imports.”

[ad_2]

Source link

Share30Tweet19
Previous Post

Target will get a boost from merchandising revamp and tech investments, says Telsey

Next Post

Truist initiates this homebuilder at a buy rating, citing strength in the luxury housing market

Philip Roth

Philip Roth

Recommended For You

Understanding the impact of smart technology on household energy consumption – London Business News | London Wallet
UK

Understanding the impact of smart technology on household energy consumption – London Business News | London Wallet

April 13, 2026
The TEMU affiliate program: A complete guide to boosting your income and user engagement – London Business News | London Wallet
UK

The TEMU affiliate program: A complete guide to boosting your income and user engagement – London Business News | London Wallet

April 13, 2026
Labour hunt ban sparks warning over rural jobs and fate of 12,000 hounds – London Business News | London Wallet
UK

Labour hunt ban sparks warning over rural jobs and fate of 12,000 hounds – London Business News | London Wallet

April 13, 2026
UK should take Ukraine’s advice and rejoin EU, Rejoin EU Party says – London Business News | London Wallet
UK

UK should take Ukraine’s advice and rejoin EU, Rejoin EU Party says – London Business News | London Wallet

April 13, 2026
Next Post
Truist initiates this homebuilder at a buy rating, citing strength in the luxury housing market

Truist initiates this homebuilder at a buy rating, citing strength in the luxury housing market

Related News

Electric Bike Co. e-bike now ,499 (Save 9), EGO Power+ electric mower 0, and more

Electric Bike Co. e-bike now $1,499 (Save $329), EGO Power+ electric mower $600, and more

March 1, 2024
Tesla tops another ADAS test, Hyundai tops range tests, and Texas gets BESS

Tesla tops another ADAS test, Hyundai tops range tests, and Texas gets BESS

July 30, 2025
The Kia EV3 takes the crown as the most popular retail EV in the UK so far this year

The Kia EV3 takes the crown as the most popular retail EV in the UK so far this year

July 7, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?