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Your energy bills next

The UK relies on global energy markets, so rising oil prices can have a knock-on effect on gas and electricity costs too. While not immediate, sustained increases in oil prices often contribute to higher overall energy bills for households across the country, impacting your monthly outgoings.

Stories that explain this

US Air Force reportedly striking Iranian targets near the Strait of Hormuz

Related explainers

Global trade routes at risk Why oil prices matter Sanctions' global impact UK's oil supply risk Why the US acts Your energy bills Why is my energy bill going up? Will my energy bills go up?

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