Strait of Hormuz: How closure could affect food, medicines and smartphones

The Strait of Hormuz, a narrow maritime passage connecting the Persian Gulf to the Arabian Sea and the open ocean, is arguably the world’s most critical oil chokepoint. Yet, its…

Australia fuel crisis: Panic buying prompts PM to reassure nation over fuel supply

The Strait of Hormuz, a narrow waterway between Iran and Oman, is a chokepoint through which approximately 20-30% of the world’s crude oil and liquefied natural gas (LNG) passes. Its…

Energy bills, mortgages and more: How the Iran war may affect your money

Fuel Prices for Motorists Drivers across the UK may have already registered a noticeable uptick in prices at the pump. By Friday, the average price for a litre of petrol…

Petrol price above 150p a litre for first time in nearly two years

Data released by the motoring organisation RAC paints a stark picture of the escalating costs. The conflict in the Middle East is demonstrably continuing to exert upward pressure on global…

Consumer confidence hit by ‘ripple of fear’ over Iran war

Neil Bellamy, a spokesperson for GfK, articulated the pervasive sentiment, stating, "A ripple of fear is spreading across the nation. People simply do not feel the economy is robust enough…

‘Affordability is the biggest thing’ – Conservatives mixed on economy under Trump

The atmosphere at the Gaylord Texan Resort & Convention Center was electric, typical of CPAC, with delegates eager to hear from conservative luminaries and to reinforce their ideological commitments. Yet,…

UK facing biggest hit to growth from Iran war out of G20 economies

The United Kingdom stands on the precipice of the most significant economic downturn among the G20 major economies, a direct consequence of the escalating geopolitical tensions and potential conflict involving…

NS&I set to pay millions in compensation to customers

The gravity of the situation is such that Pensions Minister Torsten Bell is scheduled to address Members of Parliament in the House of Commons on Thursday, where he is anticipated…

NHS, bills, immigration: Towns’ talking points ahead of election

Across Hamilton’s bustling town centre, Larkhall’s community hubs, and the quieter residential streets of Stonehouse, the state of the National Health Service consistently emerged as a primary anxiety. Years of…

How high could UK petrol and diesel prices go?

UK motorists are once again bracing themselves for a significant surge in fuel costs, driven by escalating geopolitical tensions in the Middle East. The conflict, reportedly involving the US and…