Are you worried about rising petrol prices? Yahoo Finance readers have their say
UK politicians, including the chancellor Rachel Reeves, have expressed concerns about the economic impact of the ongoing crisis and how ordinary consumers may be affected.
Read more: Bitcoin price regains ground as Israel-Iran tensions simmer
When it comes to surging oil prices, the most immediate impact on UK consumers would be on prices at the pump, Tom Pugh, a partner at consultancy firm RSM UK, told our reporter Vicky McKeever last week.
Although oil prices have dropped in the wake of the Iran-Israel ceasefire, fears remain about potential spikes in the future.
Read more: UK consumers braced for petrol price hikes
At the start of the week, we asked Yahoo Finance UK readers whether they were concerned about the cost of buying petrol due to spiking oil prices linked to the Middle East conflict.
We received 275 responses, with 51% of readers expressing fears about the cost of filling up their vehicles, while 38% had no concerns and 11% were undecided on the matter.
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