Road to Crisis: UK Truckers Slammed by £700 Million Iran Conflict Impact

In this episode of Wolfe Power Club, host Alex Wolfe explores the growing impact of the Iran crisis on the UK logistics sector, with HGV operators facing rising diesel costs and mounting pressure on already tight margins.Recorded before this week's Commercial Vehicle Show at the NEC, Alex is joined by Richard Smith, Managing Director of the Road Haulage Association (RHA), the leading voice representing HGV, coach and van operators across the UK.Together, they discuss the recent surge in fuel costs, how the UK response compares internationally and what support the sector needs to remain competitive. We also examine longer-term solutions to future energy shocks, the transition to electric HGVs and the challenges around infrastructure, electricity pricing, and investment.The conversation also covers the UK Government’s £1bn Zero Emission Truck, Van & Depot Charging Scheme, the ongoing shortage of secure HGV parking and what success looks like for the logistics sector over the next 12 months.Richard Smith is Managing Director of the Road Haulage Association (RHA) and is a member and the chair of the Senior Leadership Team. With over 30 years’ experience in logistics and supply chain leadership, Richard brings deep industry insight and a strong track record of delivering operational excellence and strategic growth. He is passionate about innovation, closing the sector’s skills gap, and strengthening the resilience and reputation of the UK’s road freight sector. Richard is the chair of the Trade Association Forum, a community of more than 180 trade associations.Season Two is in Partnership with The SpectatorTickets for the upcoming The Spectator Energy Summit, on Monday 30th November 2026, are available on sale. Use code: WPC50 for 50% off your purchaseIf you would like to partner with The Spectator Energy Summit, please contact Alex on LinkedIn or [email protected] Our SocialsWebsite: https://www.wolfepowerclub.com/YouTube: https://www.youtube.com/@WolfePowerClubLinkedIn: https://www.linkedin.com/company/wolfe-power-club/Instagram: https://www.instagram.com/wolfepowerclub/?hl=enTikTok: https://www.tiktok.com/@wolfe.power.club Wolfe Power Club Production TeamFounder and Host: Alex WolfeDirector of Government Relations: Max AustinDesigner: Nick PelekanosEditor: Adam WoodwardSocial Media Manager: Bella Carter Recorded at Studio 55 - which has produced podcasts, including Breaking the Taboo with Theo Clarke and The ABTO Podcast