Iran War Set to Drive UK Energy Bills to 3-Year High
UK household energy bills are set to further rise from October by 4% to their highest level since the summer of 2023, as the Iran war has tightened global gas supply and made gas restocking in Europe more difficult and expensive, Cornwall Insight said on Wednesday. The energy consultancy expects Bri
Source: OilPrice.com
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DW NOTE
The Strait of Hormuz has been closed for six months. UK consumers are now paying for a supply disruption the market was assured would be temporary. Brent is at $92 — down 23% from July's peak but still elevated — and British households face three-year high energy bills because politicians on both sides of the Atlantic chose escalation over navigation.