UK inflation hits 3.3% as middle east conflict drives fuel prices
Inflatie
The U.S.-Iran war, which escalated in late February, continues to exert significant pressure on global fuel prices. Although a temporary two-week ceasefire was reached in early April — and later extended by the U.S. President Donald Trump on April 21 — the U.K., a major energy importer, remains highly sensitive to the initial energy shock stemming from the closure of the Strait of Hormuz. In March, according to the Office for National Statistics, the inflation rate in the U.K. reached 3.3%. The
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