Petrol prices may hit €1.25 in a month, warns expert
As fears of US attacks on Iran and Venezuela simmered below the surface yesterday, Brent crude hit $74.16 in early trading in London, raising fears that oil and petrol will continue to spiral, warned Paul J Harris, Bank of Ireland Global Markets head of energy and emissions.
This move to new record highs in London was triggered by fears that Iran would cease its oil exports in protest at the ongoing row over its right to develop a nuclear capability.
