News
Gas prices leap 5% as Trump declares Iran ceasefire ‘over’
Wholesale gas prices jumped 5% after Donald Trump declared the Iran ceasefire over, reviving fears of another energy cost shock for UK businesses.
Thursday 29 October 2026
Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the 'covid era' and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine's coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk
Wholesale gas prices jumped 5% after Donald Trump declared the Iran ceasefire over, reviving fears of another energy cost shock for UK businesses.
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