Petrol prices in the UK have crossed 150p per litre for the first time in two years, according to ITV News. Asda, one of Britain's biggest fuel retailers, reported temporary shortages at some of its forecourts. The company told GB News that deliveries are arriving as expected but demand has surged so fast that individual pumps are running dry between refills. Panic buying is making it worse.
Shell CEO Wael Sawan warned that Europe, including the UK, will feel the full impact of the Hormuz closure in April as the last pre-war tanker shipments arrive, the European Business Magazine reported. Keir Starmer has scheduled meetings with energy chiefs, according to The National. The industry says supply is "stable." That word is doing a lot of heavy lifting right now.