UK hit by record rise in fuel prices, and ‘biggest mortgage shock since mini-budget’ as Iran war bites – business live

Rolling coverage of the latest economic and financial news Trump claims Iran war ‘nearing completion’ and seeks to justify conflict in prime-time address Middle East crisis live: oil prices climb after Trump defends Iran war in address to the nation It’s not just mortgages that are going up , either. UK petrol and diesel prices jumped by a record amount in March, as the oil supply shock caused by the Iran war quickly rippled to forecourts. “The increases drivers have had to endure in March 2026 far exceed those seen in the early days of the war in Ukraine. “While the monthly rise in a litre of petrol is bad enough, the jump in the cost of diesel is even harder to swallow at 40p a litre. Continue reading...

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