Global energy watchdog warns oil stockpiles ‘rapidly depleting’ – business live

The International Energy Agency calls for urgent reopening of the strait of Homuz amid ongoing pressure on global oil supplies The RAC says UK petrol prices have reached their peak since the start of the US war on Iran. The car services company said a litre of unleaded petrol hit a high of 161.66p at the weekend and has now reduced very slightly to an average of 161.46p. The price of petrol appears to have finally reached an Iran war peak, having risen 11p over 33 consecutive days. While…