UK Plans Speed Limit Cuts and Rationing as Oil Prices Surge Amid Middle East Supply Disruptions

The UK government is considering emergency measures such as lowering motorway speed limits and petrol rationing to manage oil supply disruptions caused by unrest in the Middle East impacting the Strait of Hormuz. This is in response to the steep rise in oil prices—the highest in 18 months—prompted by the International Energy Agency's warning about a major global supply disruption. Authorities are currently analyzing these contingency options to reduce demand, highlighting the UK’s readiness for a potential fuel crisis despite no immediate shortage.