Impact of Iran war continues to be felt in UK as interest rates held - Watch the ITV Lunchtime News
Автор: ITV News In Full
Загружено: 2026-03-19
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This morning, the price of UK natural gas - used by OFGEM to calculate the cap on domestic energy bills - jumped by 15%, following the bombing of the world’s largest LNG plant in Qatar.
Oil has jumped to over $116 a barrel. On February 27, before the first missile was fired at Iran, it was trading at $72.
At the pumps, the price of petrol has risen by 10 pence a litre, diesel is up 20 pence - the price of both will climb further in the days ahead.
It’s not clear how long the conflict will last, but the Bank notes that the supply of oil and gas from the Gulf “would take time to recover” even if it ends in short order.
Also on the programme:
7 new cases of meningitis are being investigated
The search continues for a boy after a car carrying five teenagers crashed into the River Nene
And King Carles to open the world's longest coastal path
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