Business

Oil Prices Surge Amid Iran Conflict

Updated 2026-09-09 11:10 UTC 2 sources Neutral

Petrol prices in the UK have risen by 5p per litre, marking the largest weekly increase since April. This surge follows heightened tensions with Iran, impacting global oil markets.

Coverage timeline — 5 articles

BBC News

Oil prices jump after Trump dismisses Iran proposal to end war

The Strait of Hormuz waterway remains effectively shut, severely disrupting global energy shipments.

2026-05-11 01:12 UTC

CNBC

Asia markets set to open mixed as oil jumps on Trump rejecting Iran proposal

Investors headed into Monday on edge as Trump’s rejection of Iran’s ceasefire proposal fueled concerns about a prolonged Middle East conflict.

2026-05-10 23:52 UTC

CNBC

Oil climbs as Netanyahu warns Iran conflict is ‘not over,’ Trump rejects Tehran's proposal to end war

Oil prices jumped on Monday after Israel warned that the conflict with Iran was still ongoing.

2026-05-10 23:56 UTC

CNBC

Trump's oil investments have gained millions during Iran war as his accounts keep trading

Donald Trump retained major oil and gas investments as the Iran war has moved energy markets. CNBC analyzed his holdings, trades and estimated gains.

2026-09-09 10:30 UTC

BBC News

Petrol prices rise by 5p over a week as Iran war sends oil higher

A litre of unleaded now costs 167.17p which is the biggest weekly increase since April, data shows.

2026-09-09 10:57 UTC