British energy group. The biggest UK domestic gas supplier; active in energy services.
On March 21-22, 2026, US President Donald Trump issued a 48-hour ultimatum demanding Iran fully reopen the Strait of Hormuz or face destruction of its energy infrastructure, starting with the largest power plant. Iran responded by threatening retaliation against US-linked energy and desalination facilities. The conflict has escalated with missile strikes on Israel and Gulf states, disrupting global oil supplies and raising prices.
UK government officials discuss potential energy support measures as global tensions escalate over Iran and the Middle East conflict. The UK faces economic risks from rising oil prices and geopolitical instability, with officials planning to bolster energy security and financial resilience amid ongoing conflicts and US-Iran tensions.
UK households face higher energy bills this summer, prompting a surge in green upgrades. The falling cost of home batteries is identified as a major driver for savings, with industry executives describing batteries as a potential gamechanger for households and businesses.