UK diesel prices experienced their most substantial monthly drop in 26 years during November, with experts attributing the decline to easing geopolitical tensions and a reduction in crude oil costs. This follows a period of elevated prices linked to Middle East instability.
Heathrow Airport reported a 5.3% decrease in passenger numbers for April, attributing the decline to the ongoing conflict in the Middle East. Approximately 6.7 million passengers travelled through the London hub, a reduction from 7.1 million in the same period last year, as travellers adjusted plans to avoid the region.
Oil prices surged after former US President Donald Trump dismissed Iran's response to US proposals for ending the conflict as "totally unacceptable". Iran had sought an immediate cessation of hostilities and assurances against further US-Israeli attacks. The critical Strait of Hormuz remains closed, disrupting global energy supplies.
