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UK Energy prices soar

UK gas prices have risen significantly this week in response to the US withdrawing from the Iranian nuclear deal, causing energy markets to soar amid concerns that US sanctions could limit oil and gas exports. French energy giant, Total Gas and Power, has already announced it is preparing to pull out of an Iranian gas deal in the face of possible new sanctions. Tanker operator Maersk and German insurer Allianz have also announced that they will be withdrawing business from Iran.

At present, there is uncertainty over if or when energy prices will drop. Should you have any queries or require further information, please do not hesitate to contact our Energy Managers on 01279 810120.