The British public could be hit with higher prices due to the war in Iran until eight months after the conflict ends, a minister has suggested.The closure of the Strait of Hormuz, a key shipping lane that once carried a fifth of global oil and gas, has sent oil prices soaring since the US-Israeli war on Iran began.

The British public could be hit with higher prices due to the war in Iran until eight months after the conflict ends, a minister has suggested.The closure of the Strait of Hormuz, a key shipping lane that once carried a fifth of global oil and gas, has sent oil prices soaring since the US-Israeli war on Iran began.