Anonymous24 days ago
The 2026 Strait of Hormuz crisis has sent heating oil prices surging 30% year-on-year, hitting 1.7 million UK households that rely on oil-fired heating and lack the protection of a regulatory price cap. The price shock has reignited an intense debate over the UK government's ban on new North Sea exploration licences, with the Tony Blair Institute, eight former energy ministers, and trade unions urging a policy reversal — while climate campaigners argue that more domestic drilling would not shield consumers from global price volatility.