#middle-east-conflict

#middle-east-conflict

The era of fossil fuel security is over, and the era of clean energy security must come of age. This is the clear lesson as we face the second global energy shock in less than five years.

When Israeli missiles destroyed entire homes in my neighborhood in southern Lebanon's city of Tyre, we decided it was time to save our lives again. More than 227,549 people had crossed the three official border points from Lebanon into Syria, according to the latest numbers from the United Nation's International Organization for Migration (IOM).

Israeli airstrikes killed nearly 100 people and injured hundreds more in the hours leading up to the ceasefire agreement, according to health officials in Lebanon.

As jet fuel prices have doubled since the start of the Iran conflict and some lower profitability routes and flights are no longer economic, we are making schedule adjustments accordingly.

After 46 days of rising prices, the cost of both petrol and diesel across the country has finally begun to drop very slightly. Wholesale prices are still lower, so we're hopeful there will be further reductions amounting to several pence a litre in the coming days.

Ken Murphy stated, 'In terms of tax pressures, industry and energy in particular, anything the government can do to help us to keep prices low for customers is welcome.' This highlights the urgent need for government intervention to support retailers.

BP's oil trading result is expected to be exceptional in the first quarter of its financial year, driven by significant market volatility after Tehran's effective closure of the key strait of Hormuz shipping route.

The thinktank warned on Monday that surging gas, electricity and petrol prices had fundamentally altered the outlook for living standards in 2026. Before the Iran war erupted in late February, working-age households were tracking towards modest income growth of 0.9 per cent. That figure has now swung to a projected decline of 0.6 per cent, a turnaround worth £480 per household.