How Iran War Could Affect Mortgage Rates and Pensions [AMDcSfZzqQA]
The conflict in the Middle East is affecting major freight routes, including the Strait of Hormuz. About a fifth of the world’s oil and a third of its fertiliser supply usually pass through the strait. While suppliers initially may be able to swallow the rising costs, it won’t be long until they are passed on to the consumer. But what does this mean for you at home? Mary Downer, money reporter for The Times, outlines how the conflict may affect household budgets, mortgage rates and pensions. #economics #middleeast #ukfinance #supplychain #costofliving Read the best of our journalism: Listen live to Times Radio: Subscribe to The Times and The Sunday Times YouTube channel: Find us on Facebook: Find us on X: Find us on Instagram: