Fuel prices have surged after the United States and Israel carried out extensive strikes on Iran, driving up the cost of petrol and diesel. Although a two-week ceasefire has eased immediate tensions, uncertainty remains high and markets continue to react to the risk of further disruption.

Higher energy costs are expected to ripple through the wider economy. Increased transport and production expenses could push up the price of food, clothing and other everyday goods, while airlines facing higher fuel bills may raise fares for holidaymakers.

Even with the temporary pause in fighting, experts warn that economic damage may already be unfolding. Households could feel the impact in the coming months as businesses pass on rising costs to consumers amid ongoing instability in global energy markets.