Written Question·Department for Energy Security and Net Zero·UIN 908493

Energy: Prices

Tabled: 18 March 2026
Answered: 24 March 2026
Named Day

Question

Blake Stephenson

ConservativeMid Bedfordshire

To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of the conflict in Iran on energy prices.

Answer

Martin McCluskey
Attacks have targeted energy production and export infrastructure across the Gulf. Traffic in the Strait of Hormuz, through which around 20% of global oil and LNG is shipped, has declined very significantly. This is putting upward pressure on global price...

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