Petrol and diesel prices rose again over the weekend as the cost of oil continued to spike. Oil prices today soared to a four-year high of nearly $120 a barrel on the back of the deepening Middle East war. After hitting $119 a barrel, it later eased to around $108 a barrel. Chancellor Rachel Reeves will join an emergency meeting of G7 finance ministers later today to discuss oil prices. US President Donald Trump has said the price hikes are a “a very small price to pay” for world peaceFollow our live blog below for the latest updates

Source: Daily Mirror March 09, 2026 15:22 UTC