The price of heating oil has spiked since the outbreak of the US-Israeli war with Iran, as the cost of crude…

The price of heating oil has spiked since the outbreak of the US-Israeli war with Iran, as the cost of crude oil has jumped above $100 (£75) a barrel - it was $71 a barrel before the conflict began. At the weekend, Chancellor Rachel Reeves told the Times she had "found the money" to help. Prime Minister Sir Keir Starmer will set out the support plans - reportedly costing £50m - at a news conference on Monday. He is also expected to say he will "not tolerate companies trying to exploit this crisis" following accusations of price gouging.