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Explained in plain English

Why is my petrol so pricey?

When global oil prices rise, it usually means you'll pay more at the pump. Crude oil is refined into petrol, so higher costs for the raw material get passed on to drivers. The Strait of Hormuz disruption makes oil scarcer, pushing prices up, and this directly impacts your weekly fuel bill.

Stories that explain this

US warns countries to cut Iran ties or face sanctions Global oil prices rise after US and Iran strike each other's ships

Related explainers

What is Brent crude oil? What is the global economy? Will my energy bills go up? Will my holiday cost more? What are sanctions? How do sanctions affect the UK? Why is the Strait of Hormuz key? Why does the US sanction Iran?

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