War, oil and interest rates: The chain reaction explained | Ed Conway analysis

By Sky News

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Oil prices have surged above $100 a barrel as disruption around the Strait of Hormuz and attacks on key infrastructure hit global supplies. The rise is pushing UK fuel and gas prices higher, raising fresh concerns about inflation and the prospect of higher interest rates. Sky's Ed Conway explains what is driving the energy shock and what it could mean for households and the wider economy. Read more: https://news.sky.com/story/middle-east-latest-oil-prices-rise-after-iran-backed-rebels-strike-pipeline-and-strait-of-hormuz-meeting-postponed-13509565 #skynews #iranwar #fuelprices #analysis #uk SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on X: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/

Tags: sky, news, fuel, petrol, prices, warning, surge, iran, war, dollars, money, economics, data, statistics, analysis, attacks, strait of hormuz, saudi arabia, uae, drone