India, March 3 -- The UK may face soaring petrol prices as the escalating conflict between the US, Israel, and Iran disrupts worldwide oil markets. The attacks on strategic facilities and threats to the Strait of Hormuz are a vital oil shipping route. This has sent crude prices surging, with potential record-breaking pump costs in the coming weeks.

UK Gas Price: What is Causing the Oil Price Spike? The ongoing conflict involving the US, Israel, and Iran has destabilised global oil markets. Military strikes and retaliatory actions across the Middle East include attacks near key energy hubs. This has created fear of supply disruptions. Strategic shipping routes like the Strait of Hormuz, through which roughly 20% of global oil and gas expo...