How will your finances be affected by the war in the Middle East?

There are fears the war against Iran could trigger another global cost of living crisis. The price of oil soared to $120 per barrel on Monday but fell below the $100 mark after Donald Trump said the conflict could end soon. The reduction of traffic through the crucial Strait of Hormuz is also impacting commodity prices - that could soon spike inflation around the world, a rise that would affect global interest rates, mortgage payments and rents. Iran war latest: https://news.sky.com/story/iran-latest-trump-tehran-israel-strikes-us-drone-live-sky-news-13509565 #skynews #morningswithridgeandfrost #iranwar #israeliranconflict #oil #globaleconomy #inflation Follow us on X: https://x.com/RidgeandFrost Follow Sophy on Instagram: https://www.instagram.com/sophyridge/ Follow Wilf on Instagram: https://www.instagram.com/wilfredfrost/ Listen to Cheat Sheet here: https://podfollow.com/cheatsheet/ For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales