# Britons face ‘risk premium’ for energy as US-Israel war on Iran intensifies

https://mins.news/en/item/39948

- Al Jazeera, 2026-09-01 08:14 UTC
- Economy
- Original: https://www.aljazeera.com/news/2026/9/1/uk-energy-price-rise-britons-face-risk-premium-for-supply-amid-iran-war?traffic_source=rss

> Ofgem will raise the UK energy price cap by 4 percent from October 1, 2026, after wholesale gas prices surged amid the US-Israel war on Iran. A typical household is expected to pay about £60 more annually. A government electricity-tax cut may provide some relief, but experts warn geopolitical volatility and import dependence will continue to weigh on costs.