Motor Trades Association CEO Stephen Moir says consumers should be prepared to face skyrocketing prices at the bowser as the tensions surrounding Iran continue.

Saudi Arabia’s crown prince Mohammed Bin Salman is warning that without action against Iran, oil prices could climb to never before seen levels.

The US and Saudi Arabia say Tehran is responsible for an attack on two oil fields.

Mr Moir says with tensions ongoing we’re going to have to brace ourselves for fuel price increases.

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