In this article, the capture of 15 britsh marines for straying into Iran's waters has led to oil price rises. It has risen by more than a dollar (60p) following rumours about th US's conflict with Iran.Link to this article:
http://news.bbc.co.uk/1/hi/business/6501875.stm
In my opinion, this is an added bonus for oil companies as they have the excuse of rising oil prices at last. However if this conflict with Iran continues then oil prices will rise stupendously if war a goes on there.
It might also have a big effect on British fuel prices as we import most of our oil and it would be more expensive to import it in.
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