Energy & Petrochemicals #energy#oil
Iran War Disrupts Middle East Oil Supply, Driving Volatility in Crude and Refined Product Prices
The US-Israel war with Iran has disrupted Middle East oil production and transportation, leading to volatile wholesale crude prices. Petrol hit an Iran-war peak of 159.53p/litre in May, while diesel peaked at 191.54p/litre in April. RAC data shows current prices slightly lower, with further falls expected. The war's impact on oil flows through the Strait of Hormuz remains a key risk.
Jun 17, 2026 1 source