What happens if the Strait of Hormuz stays closed? Most crude is getting out: JPMorgan estimates crude shipments from the whole Middle East at 98% of their level before the Iran war (from 28 Feb 2026). Kpler puts...

President Trump said "let's not send out the diesel". A White House official denied a plan for a 90-day export ban, but Bloomberg reports the President's advisers are still studying a short-term ban. America supplies about a third...

UK diesel reached 199.18p a litre on Mon 28 Sep 2026, the highest the RAC has recorded, just above the 199.09p of 25 Jun 2022. Why: ships largely stopped crossing the Strait of Hormuz, and Russia's diesel export ban....

Just nine ships crossed the Strait of Hormuz on Thursday, according to preliminary ship-tracking data (Reuters), against about 125 a day before the war. Here's how that reaches UK and US fuel prices, and the number to watch. How...

Britain's biggest asset abroad was once the oil refinery at Abadan in Iran, then the world's largest. On 3 Oct 1951, 75 years ago, its last British oil staff left on the cruiser HMS Mauritius, months after Iran...

What happens if the Strait of Hormuz stays closed? Seven months into the Iran war, we don't have to guess. Most of the Gulf's crude oil still gets out, through pipelines and on huge tankers. Far less of...

Only nine ships crossed the Strait of Hormuz on Thursday. Iran says it could reopen the strait in seven days on its terms; meanwhile UK diesel was less than a penny from its record on Friday, US mortgages...

UK diesel averaged 198.32p a litre on Friday, 0.77p below the 199.09p record set in June 2022. Here's why diesel is so expensive, and what could push it further. How it's made: narrated with an AI voice. Research and...