Iran War Set to Raise UK Household Energy Bills £200

The conflict with Iran is about to hit British consumers directly, with forecasts showing a typical household will pay around £200 more per year on energy bills as a result of market disruption. BP is simultaneously in turmoil after its chair Albert Manifold was removed over bullying allegations, leaving the UK oil major facing a leadership vacuum at a particularly volatile moment for energy markets. The combination puts pressure on the UK government to respond on both energy costs and corporate governance.