64 resultsfor “impact of Iran war on UK energy prices”
war will cause the biggest economic hit since the pandemic. Photograph: Sasan/Middle East Images/AFP/Getty Images Matt Swannell, the forecast group’s chief economic adviser, said: “Spiralling energy costs and disruption to supply chains will push
impacted after Iran effectively closed the [key Strait of Hormuz waterway](https://www.bbc.com/news/articles/c78n6p09pzno) in retaliation for US and Israeli strikes on the country. In recent weeks, companies around the world have warned that supply
energy crisis. Despite the impasse, Trump has continued to insist that a negotiated solution remains possible. Here is what to know: ## In Iran - Iranian authorities announced the seizure of six properties allegedly linked to former
impact of the Middle East conflict dampens confidence in the economy and personal finances, a survey has suggested. Consumer confidence in the UK has dipped over the last three months at the fastest rate since
Iran war has cost the travel company Tui €40m (£34.7m) so far, including repatriating almost 12,000 holidaymakers and staff, and forced it to cut its profit forecast for this year. Europe’s biggest
UK and Ireland. Investors had already been expecting a drop in pre-tax profit to £73m, compared with £81m last year. Pubs, restaurants and hotels have said [rising costs are making it harder to make
Iran, there is another looming concern that particularly affects Europe: the risk that supplies could actually run short. In mid-April, the head of the International Energy Agency (IEA), which advises 32 member governments
war in Iran has [frozen shipments](https://www.theguardian.com/world/2026/apr/03/visual-guide-gulf-fertiliser-blockade) of fertiliser through the strait of Hormuz, creating a supply crunch that has already damaged [farming in the UK](https://www.theguardian.com/business/2026/may/06/fertiliser-shortages-iran-war-global-food-prices-farming), Europe
UK, told Al Jazeera. ## What about Trump’s meeting with Xi at the same time? Trump landed in China on Wednesday evening and, after a ceremonial welcome, headed straight to his hotel. On Thursday
impact. However, bosses warned the damage from the Middle East conflict was steadily rising. A separate report from the Chartered Institute of Personnel and Development, the professional body for HR, also found that UK employers
impact of the war so far has been a surge in energy prices. Around a fifth of the world's oil and gas is transported through the Strait of Hormuz, but those shipments effectively ground
war in the Middle East. A list of policy requests submitted to ministers and the aviation regulator includes suspending the emissions trading scheme and relaxing limits on night flights, it has emerged. Airlines are also
energy costs. Most are currently absorbing the costs themselves, but further increases - for example, in food production and transportation - are likely to be passed on to consumers over time. At the same time, while potentially
energy crisis provoked by the US-Israel war on Iran, Russia's aggression in neighbouring Ukraine, now in its fourth year. And this Friday morning, souring relations between Europe and the United States, along with
impact on economically poorer countries. Iraq is not shipping or producing oil, which is normally responsible for 85% of revenues. Bangladesh, with significant household needs for gas for cooking, is cut off from Middle East
price rises that followed Russia’s invasion of Ukraine. Households across the world are [spiralling into debt](https://www.theguardian.com/business/2026/apr/30/rising-costs-forcing-3m-uk-households-skip-meals-which-report), farmers [cannot afford fertiliser](https://www.theguardian.com/business/2026/apr/23/fertiliser-short-supply-australia-farmers-bread-prices-strait-of-hormuz) and governments are remembering that a dependency
prices to soar. Later, [Iran began charging tolls](/news/2026/3/26/tehranstollbooth-how-iran-picks-who-to-let-through-strait-of-hormuz) for passage through – a move until now unheard of for a strait. Despite a fragile ceasefire, Washington, in an attempt to pressure Iran, has imposed
UK-France conference | International reaction | Airline fuel struggles | Points of contention** ### **Trump says Iran flailing economically** Despite Iran's refusal to attend negotiations this week, Trump says the country is in dire economic straits. "Iran
Iran war. “Getting the UK [out of the fossil fuel doom loop](https://www.theguardian.com/environment/2026/mar/11/reaching-net-zero-by-2050-cheaper-for-uk-than-one-fossil-fuel-crisis) and on to renewables would secure a [stable and affordable supply of energy](https://www.theguardian.com/environment/2026/apr/27/renewable-energy-will-boost-national-security-and-protect-uk-from-sabotage-minister-says). Voters face a choice
price increases, fertiliser shortages and stock market volatility – the effects have been felt faster than in most previous conflicts. Why? There are few clear answers — but analysts say several factors might help explain why this