MANCHESTER, England (CN) — Even as a fragile ceasefire takes hold in the Middle East and crude oil prices plunge Wednesday, Britain is bracing for higher household energy bills, with energy experts urging demand cuts as the government offers little immediate relief.
The U.S.-Israel war with Iran has choked key shipping routes through the Strait of Hormuz, one of the world’s most important energy corridors, sending wholesale gas prices sharply upward.
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