Economic bodies, including the Office for National Statistics and the Bank of England, are tracking how geopolitical conflict is driving up oil and gas prices and affecting inflation.

The entities involved

• Office for National Statistics →

  United Kingdom's principal government institution in charge of statistics and census data

  • Andy Burnham is advocating for a public service model for care, citing demographic trends informed by ONS data in various media outlets.Mon 12:02
  • ONS data is being used to inform the Bank of England's central bank interest rate decisions.Mon 11:05
• Bank of England →

  central bank of the United Kingdom

  • Central banks, including the ECB, FED, Bank of Japan, and Bank of England, are holding rate meetings and addressing inflation in response to the Iran war.Mon 12:14
  • The Bank of England may realign its monetary policy stance with the European Central Bank and Bank of Japan regarding future rate hikes.Mon 12:14
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54

Related events

• The World Bank provides economic forecasts linking oil prices to geopolitical conflict in the Middle East.Jun 14
• Conflict is impacting global commodity and energy markets, leading to inflationary pressures and weak business confidence.Jun 7
• Conflict is driving up fuel prices, impacting the UK economy, according to the Office for National Statistics.Jun 17
• Geopolitical risks are affecting oil prices and supply, leading to rising energy costs and influencing the European Central Bank's interest rate decisions.Jun 7
• A senior economist at Realtor.com analyzes how the Middle East war drives up oil prices and impacts global inflation data.Jun 18