How will your finances be affected by the war in the Middle East?
Government
There are fears the war against Iran could trigger another global cost of living crisis. The price of oil soared to $120 per barrel on Monday but fell below the $100 mark after Donald Trump said the conflict could end soon. The reduction of traffic through the crucial Strait of Hormuz is also impacting commodity prices - that could soon spike inflation around the world, a rise that would affect global interest rates, mortgage payments and rents. Iran war latest: https://news.sky.com/story/iran-
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