Middle East crisis to push up fuel prices
Motorists are braced for a rise in fuel costs as the crisis in the Middle East threatens to send oil prices close to $100 (£80) a barrel. The RAC said petrol prices could hit 150p a litre for the first time in five months if Iran’s attack on Israel drove up the price of crude. Oil prices are at six-month highs but analysts said they are expected to rise today. Bob McNally, a former energy adviser to the Bush administration said Iran’s attack had been bigger than traders had expected.
