Oil back under $100 a barrel - but things could get much worse, warns IEA

Dearbail JordanSenior business and economics reporter Petrol prices have risen in the UK, and across the world, since the war began While oil prices have retreated from over $100 a barrel, the cost of crude is still 36% more expensive than it was before the Iran war began on 28 February – and it could get worse, according to the International Energy Agency (IEA). IEA executive director Fatih Birol suggests that current prices do not reflect the severity of what is going on in the Middle East. &q