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Scots shouldering extra £25m every week while war in Middle East continues
['Pa Media']
STV News
Scots are shouldering £25m in extra costs for every week that the war in the Middle East continues, according to new analysis.
The thinktank found that Scottish households have already incurred almost £230 million in additional costs since the start of the US-Iran war, with road fuel costs accounting for a little over half of that figure.
Oil and gas prices rose suddenly in March when the US-Iran conflict started, after a longer period of higher prices following the Russian invasion of Ukraine.
Gas prices recently rose to a four-month high, and oil prices rose to above 90 US dollars a barrel after a fragile ceasefire between the US and Iran broke down.
The majority of this has been from increased road fuel prices (£170 million), such as petrol and diesel.