article economy.docx - Petrol and diesel prices are expected to rise at forecourts as tensions rise with Iran FEARS of World War 3 could have a direct

article economy.docx - Petrol and diesel prices are...

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Petrol and diesel prices are expected to rise at forecourts as tensions rise with Iran FEARS of World War 3 could have a direct impact on UK petrol proves which could soar after an increase of tensions in the Middle East. Oil supplies in Iran could become unsettled as the nation focuses on potential conflict with the United States. By LUKE CHILLINGSWORTH PUBLISHED: 08:05, Wed, Jan 8, 2020 | UPDATED: 11:05, Wed, Jan 8, 2020 Motorists in the UK could soon feel the effect of price rises at the fuel pumps with experts from RAC saying a rise in costs would be expected. Road users across the nation could see prices for petrol and diesel slowly rise as tensions escalate. The road experts say costs could go up by as much as 2p per litre in just a couple of weeks in a devastating blow to road users. ran accounts for 13 percent of the world’s oil reserves and the nation produces around four million barrels per day to account for 4 percent of global production. Iran is the Organisation of Petroleum
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