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'I don't want the children to see how worried we are': UK family finances hit by Iran war

Iran war](https://www.bbc.co.uk/news/articles/c78n6p09pzno) Although the UK gets very little of its gas from the region, the squeeze on supply has pushed up the international price of both oil and gas - and the higher

Fertiliser shortages will have ‘dramatic’ effect on global food prices, warns farming boss

prices since the start of the Iran war in late February. The effective closure of the strait of Hormuz – which Iran’s Islamic Revolutionary Guard Corps said on Wednesday [could soon reopen](https://www.theguardian.com/world/live/2026/may/06/trump-iran-hormuz-us-project-freedom-live-updates-middle-east-crisis?filterKeyEvents=false&page=with%3Ablock-69fb1cad8f08d59811001e38#block-69fb1cad8f08d59811001e38)

UK faces higher prices for eight months after war in Iran ends, says minister

UK faces higher prices for food and fuel for at least eight months after the war in Iran ends, a minister has said. The closure of the strait of Hormuz, a key shipping lane that

Less bread and WFH Fridays – what Pret boss knows about our habits

food price inflation but didn't pass this on to customers. The chain is experiencing inflation from the US-Israel war with Iran, Christou says, though he adds there are no supply issues

PM defends record as Badenoch says he squandered election win

war against Iran and the subsequent closure of the Strait of Hormuz. He said food prices would rise by 10% this year as "farmers' costs soar" and urge the government to introduce a Good Food

UK steps up plans for potential shortages caused by Iran war

Iran war would hit the UK the hardest of the world's advanced economies, and cut its estimate for UK growth this year to 0.8% from its previous prediction of 1.3%. Jones said that while

UK households bracing for new cost of living crisis, report finds

Iran war. It also reflects the situation in the US, after data on Friday showed [consumer confidence there fell to a fresh record low](https://www.theguardian.com/business/live/2026/may/08/oil-us-iran-ceasefire-uk-house-prices-food-prices-jobs-report-pound-bonds-elections-latest-news-updates) on concerns about higher prices. The Bank

Calls for humanitarian corridor through strait of Hormuz as Iran war hits vital aid

war on [Iran](https://www.theguardian.com/world/iran) is taking a toll on the most vulnerable people, by slowing or blocking food and medical aid from reaching them. Now aid organisations are calling for a “humanitarian corridor

Economic shock from Iran war risks driving up global debt levels, says IMF

food, fuelling higher government borrowing costs, and hitting economic growth. After a rise in gross government debt levels to almost 94% of GDP last year, it warned this figure was on track to reach

Free up fertiliser supplies to avert global food crisis, Yvette Cooper urges

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 economy grew faster than expected in March

UK's economy grew faster than expected in March, despite the month seeing the first impact of the Iran war. The economy grew by 0.3% in the month, official figures show, confounding analysts' forecasts

Morrisons planning to close 100 stores in next few months

affected. The chain has around 1,700 Morrisons Daily convenience stores and opened more than 120 franchise stores last year. It also did not immediately specify which of those stores it was proposing to close

Squeals of horror over price caps – but how are we going to fix our broken food system?

Iran war and a forecast record-breaking El Niño, which will hammer global food production. And secondly, Britain’s food system is painfully exposed to such shocks. The long-held assumption that a global food

Mortgages, bills and jobs: Five takeaways from the Bank of England meeting

Iran war changed that. Although the Bank [held rates this month](https://www.bbc.co.uk/news/articles/cg7p89mp2rjo), it has signalled that rises could come later this year. Because of "uncertainty around the severity and duration" of the war

UK voters need to hear battle over bills and climate crisis are linked, green experts say

affects of fossil fuels and the climate crisis – or the remedies they choose – may make the situation worse, green campaigners have warned. Ami McCarthy, the head of politics at Greenpeace UK, said: “With people

Tuesday briefing: What it might take for lasting peace between the US and Iran

UK politics*** | Keir Starmer has [accused Olly Robbins](https://www.theguardian.com/politics/2026/apr/20/keir-starmer-olly-robbins-commons-statement-peter-mandelson-vetting) of deliberately and repeatedly obstructing the truth about the Peter Mandelson vetting scandal before a high-jeopardy appearance of the sacked top official before

Could key climate talks mark ground zero in global push to ditch fossil fuels?

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