Fresh conflict in the Middle East is driving up oil prices, potentially leading to higher petrol costs for UK motorists. The recent US-Israel strikes on Iran have already caused a 9% increase in crude oil prices, with experts warning that the situation could push prices up to $100 per barrel. The volatile situation in the region, particularly in the crucial oil-producing area of the Strait of Hormuz, raises concerns about further price hikes impacting consumers in the UK.
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