Topic Dossier
Iran-Israel War Impacts UK Fuel Prices and Mortgage Rates
Multiple sources. Less manipulation.
Editorial Analysis
Based on 8 sources, 16 articles
The Iran-Israel war is creating economic ripples across the globe, with the UK feeling the impact through rising fuel costs and potential increases in mortgage rates. The instability in the Middle East is driving up the price of oil, directly affecting the cost of petrol and diesel at the pump for British consumers. This also puts pressure on the Bank of England regarding interest rates, potentially leading to higher mortgage rates.Articles about this topic
My private passion: Yórgos Lánthimos exposes his personal photography collection
The acclaimed film director presents for the first time in Greece a large exhibition of 182 photographs he has taken over the last five years.
Read on Euronews →
Foto: Bloomberg
European Airlines Warn Higher Fuel Costs Will Be Paid by Flyers
Europe’s major airlines warned Thursday they’ll have to pass on higher fuel costs to their passengers as the war in Iran escalates and oil tankers remain stranded in the Persian Gulf.
Read on Bloomberg →Airlines increase airfares and cut thousands of flights as Iran war drives jet fuel price spikes
Increased demand on flight routes that avoid Middle East and Gulf stopovers also means flyers are having to pay more.
Read on Euronews →
Foto: BBC UK
What's happening to gas prices and how could it affect you?
Analysts fear the disruption to supply could continue for longer than initially thought.
Read on BBC UK →
Foto: France 24
Energy prices soar, Iran and US trade threats after Qatar gas hit
Oil and gas prices soared Thursday after Iran hit the world's largest liquefied natural gas (LNG) facility in Qatar and threatened to destroy the region's energy infrastructure. Donald Trump, whose country started the war alongside Israel with their attack on Iran on February 28, warned of a furious US response if such attacks continued. International benchmark Brent surged 10 percent before falling back while European gas rose 35 percent after Iran attacked Qatar's huge Ras Laffan LNG facility
Read on France 24 →
Foto: Bloomberg
Air Baltic’s Bonds Tumble as Mideast War Drives Up Fuel Costs
Air Baltic Corp AS’s bonds have plunged as a surge in the aviation fuel price raised concerns over how the struggling Latvian airline will shoulder higher costs.
Read on Bloomberg →Major Gulf airlines change loyalty requirements as Iran war impacts flights
Etihad and Qatar Airways have modified their loyalty programme requirements reflecting the reduction in air travel.
Read on Euronews →
Foto: Bloomberg
Mortgage Rates Climb to Three-Month High, With 30-Year at 6.22%
Mortgage rates rose for a third week, reaching a three-month high as wartime inflation fears drove up yields for the government bonds that guide home loans.
Read on Bloomberg →Germany considers windfall tax amid rising fuel prices
Germany is set to pass legislation to put the brakes on rapidly rising gas prices. Berlin says a tax on petroleum profiteers is under consideration, but adds that it's too early for any drastic action.
Read on Deutsche Welle →
Foto: The Independent
The Iran war is pushing prices higher – and Americans are struggling
In Kentucky a nonprofit helping seniors with meals and medications is facing possible cutbacks as a rise in costs fueled by the Iran War brings consequences for people across the United States
Read on The Independent →
Foto: Financial Times
Trump administration says it is not considering oil export ban as prices surge
Industry worries that ‘panic’ actions by the White House could backfire on plans to increase drilling
Read on Financial Times →
Foto: New York Times
Iran War Fallout: Southeast Asia Hard Hit by Skyrocketing Fuel Prices
Across Southeast Asia, a region heavily dependent on energy exports brought via the Strait of Hormuz, lives are being upended by higher oil and gas prices.
Read on New York Times →The Iran oil shock: Who pays the most fuel tax in Europe?
Fuel prices across Europe are soaring, with taxes making up more than half of the cost at the pump in many countries. Euronews Business examines how differences in taxes mean motorists in some countries now pay far more at the pump than others.
Read on Euronews →
Foto: New York Times
Iran War Live Updates: Oil Prices Retreat and More Attacks Are Reported
The price of oil was easing after the Trump administration sought to calm markets. Israel said it was striking Tehran and several U.S. allies reported incoming attacks.
Read on New York Times →
Foto: Bloomberg
Key UK Yield Hits Highest Level Since 2008 as Oil Prices Climb
UK government borrowing costs reached their highest level since 2008 as markets priced in higher interest rates in response to inflation concerns.
Read on Bloomberg →
Foto: The Independent
Fuel tax suspended by US state to drive down gas prices amid Iran war
Drivers are likely to start seeing relief in the coming days
Read on The Independent →