Martin Lewis reveals ‘scary’ impact of Iran conflict on energy prices
March 4, 2026 at 03:39 PM
By Lucy Leeson
Martin Lewis has revealed the impact the conflict in Iran and the Middle East has had on energy prices.
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Martin Lewis has revealed the impact the conflict in Iran and the Middle East has had on energy prices Martin Lewis has revealed the impact the conflict in Iran and the Middle East has had on energy prices. Monitor developments in Martin for further updates.
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Martin Lewis has revealed the impact the conflict in Iran and the Middle East has had on energy pric
Martin Lewis has revealed the impact the conflict in Iran and the Middle East has had on energy prices.
Independent TVShowing now | News01:35Lucy Leeson Wednesday 04 March 2026 15:39 GMTBookmark popoverRemoved from bookmarksClose popoverMartin Lewis reveals ‘scary’ impact of Iran conflict on energy pricesMartin Lewis has revealed the impact the conflict in Iran and the Middle East has had on energy prices.On his ITV show on Tuesday (3 March), the Money Saving Expert founder revealed a graph, showing a stark percentage rise on wholesale gas prices, since the conflict broke out on Friday.“The reason I am showing you gas prices is it is the biggest factor that feeds into electricity prices as well,” he explained.“This is probably the biggest percentage rise we have ever seen in two days, scary isn’ it?”He then showed the rise in context to when the war broke out between Ukraine and Russia.He added: “We are not in the Ukraine spike situation, but it has gone up.”Up next00:29Hegseth suggests reporting on US deaths is ‘making Trump look bad’01:08Defiant Spanish PM responds to Trump’s trade threats00:57Senator fearful of US troop deployment after classified Iran briefing01:35Martin Lewis warns millions have weeks until key £1,260 deadlineEditor’s Picks09:01How did they film Bridgerton’s steamiest scene?08:20Mackenzie Crook on Why He’s Happiest Behind the Camera06:31Derry Girls Creator Is Back With Hilarious Belfast Mystery08:15Cast of Bridgerton Season 4 Get Real About RepresentationMore Editor’s Picks06:35These are the films taking over awards season 05:52Euphoria, Blade Runner, and the TV shows dominating 202607:17Inside Netflix’s unhinged Christmas universe05:16Why Zootropolis 2 is the ultimate underdog storyACFC14:11Why Matheus Cunha is Man United’s best signing in years12:18The real reason Liverpool signed Jeremie Frimpong30:24Making a Premier League team of the season that actually works16:08The Newcastle tactics that proved Eddie Howe is an elite managerMore ACFC17:41How Ange’s Spurs beat Man United with just one shot on goal18:22Why Crystal Palace deserved to win the FA Cup13:43Why Arsenal want Martin Zubimendi so badly12:41Why this Man United team could genuinely get relegatedIn The Room02:16How do dodgy political appointments like Mandelson actually happen?08:22What will be going on inside No 10 after Green sweep in by-election43:31In The Room | Should Starmer release the Mandelson-Epstein files?40:08In The Room | Starmer, psychos, and the symptoms of a PM in troubleMore In The Room01:57‘Dread ekes out of the walls’: How No 10 really feels during a crisis02:28Labour’s recent U-turn-gate shows how difficult governing really isWell Enough46:02Start taking period pain seriously now, endometriosis expert says43:41‘Dead’ microbes could transform your health, ZOE’s Tim Spector says59:02‘Dating in your 40s is feral’: Ateh Jewel on her post-divorce comeback04:28NHS doctor reveals his top tips for dealing with frustrating GP visitsMore Well Enough42:33Dr Karan Rajan: Are ‘leaky gut’ and ‘cortisol face’ real?35:47Deliciously Ella founder on why we’re in a ‘fruit and veg crisis’42:11Joe Wicks on his controversial ‘Killer’ protein bar documentary01:05Joe Wicks on the moment he decided to become a ‘phone-free dad’Travel Smart07:11The TravelSmart guide to perfect summer escapes 08:32London’s secret spots: A local’s guide to visiting the capital05:45Mauritius vs Maldives: Which is the paradise island for you?05:35How to escape the crowds on an Italy holidayMore Travel Smart08:02The Mediterranean escape with something for all the family06:42The first-timer’s guide to South America05:23How to have a luxury holiday for less with TravelSmart07:08The TravelSmart guide to MalaysiaWorld of Trouble59:37I was a British PoW tortured by Russia; this is how Ukraine can win01:02:38‘Putin’s whole life revolves around war – he’s manipulating Trump’02:08Former MI6 chief says Britain must get ready for war08:31Washed Away: A city under siege and a country in climate chaosMore World of Trouble59:36UK’s most senior army officer on Ukraine, Iraq and breaking the rules51:21David Miliband: Democracy is in retreat amid growing global conflictDrive Smart07:40The Updated 2025 Nissan Micra That No One Expected!08:56How This Car Gets Amazing Aerodynamics With Hidden Features!13:49Fiat Grande Panda EV Review – Nostalgia, Recharged10:57What Makes the Genesis GV70 Electrified So Special?More Drive Smart07:53Is MINI John Cooper Works the Most Fun Electric Car?19:31Bentley CEO reveals secrets of EV plans04:07Skoda Enyaq Updated: What’s New in 2025?11:19The Classic Renault 4 Just Got a MASSIVE Electric UpgradeMoney Smart02:20SponsoredGabriel Nussbaum on five money habits worth starting in 202602:49SponsoredSanta-approved budgeting: The guide to a smarter Christmas02:50SponsoredSaving or investing? 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