- Developments regarding a Trump administration agreement with Iran, focusing on Tehran's regional position and the Strait of Hormuz as an energy corridor, are underway.
- Conflict disrupts global fuel and fertilizer supplies.
- 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.
Ofgem cap affects energy prices due to conflict pressure originating from the Middle East, with ONS chief economist Grant Fitzner commenting on the situation.
2 reports, 2 independent
Updated Sep 19
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What happened
Ofgem cap affects energy prices due to conflict pressure originating from the Middle East, with ONS chief economist Grant Fitzner commenting on the situation.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Office for National Statistics
United Kingdom's principal government institution in charge of statistics and census data
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Ofgem
United Kingdom government non-ministerial department
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Global supply issues, driven by the Middle East conflict and Hormuz Strait blockade, are pressuring UK energy prices and affecting national inflation warnings.
- Conflict in the Middle East is raising energy prices and driving up borrowing costs, requiring John Healey to fund Andy Burnham's spending pledges.
- Conflict in the Middle East is driving up energy prices.