Bloomberg Politics

Reeves Weighs Targeted Energy Support as Oil Prices Surge

Mar 14, 2026Center

The UK government is preparing targeted support to help lower-income households with soaring energy bills as oil prices, fueled by the Iran war, exceed $100 a barrel.

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Energy Secretary Says ‘No Guarantees’ Oil Prices Will Fall Soon

The New York Times

Mar 15, 2026

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Energy Secretary Says ‘No Guarantees’ Oil Prices Will Fall Soon

Energy Secretary Chris Wright said the Strait of Hormuz, a critical passageway for oil shipments, remained unsafe for tanker passage. Iran has been firing projectiles and laying mines.

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