First-time buyers are feeling the brunt of rising mortgage rates while some property insiders fear it could have a knock-on effect on the rest of the market. Since the war in the Middle East began, fixed-rate loans have increased significantly due to fears of inflation being lower than expectations of future interest rates. The average … Read more
Consumers continue to feel the effects of inflation on their finances. In February, the Consumer Price Index, which tracks the cost of consumer goods and services, showed a rise of 2.4% over the past 12 months. And according to another world policy organization, the US war with Iran and its effects on the price of … Read more
Food price rises could hit 9% in the UK this year, even if the strait of Hormuz opens in the next few weeks, figures suggest, as the Iran war raises energy prices. The Food and Drink Association, which represents 12,000 food and drink producers, has predicted that prices will rise by “at least” 9% by … Read more
Starmer to improve on the cost of living Sir Keir Starmer is expected to provide information on the cost of living amid concerns about the number of energy bills that could rise as a result of the conflict in the Middle East. The prime minister is due to address a press conference later on Wednesday … Read more
Your support helps us tell the story From reproductive rights to climate change to Big Tech, The Independent is breaking new ground as the story unfolds. Whether it’s investigating the finances of Elon Musk’s pro-Trump PAC or producing our latest film, ‘The A Word’, which shines a light on American women fighting for reproductive rights, … Read more
The 33-page document shared with Iran International by the hacktivist group Edalat-e Ali (Justice of Ali) is marked “top secret” and named. Guidelines for Identifying, Monitoring, and Using Standards. This document is linked to the Special Intelligence Documentation Center and Deputy Operations of the IRGC missile command. Missile operation plan What emerges from this order … Read more
Oil and gas prices are rising as the Strait of Hormuz remains largely closed due to the Iran conflict, raising concerns at home about the cost of fuel at the pump. The national average for gas prices rose this week to more than $4 a gallon, and diesel prices hit $5 a gallon — the … Read more
Aviation markets are entering an even more volatile state as disruptions across the Middle East remove critical energy from the system, forcing rapid network changes and driving upward pressure on rates. The immediate impact was the overwhelming silence of the accessible elevator. Carriers in the Middle East, which play a key role in connecting Asia, … Read more
High oil prices due to the US-Iran war are straining already strapped low-income consumers. But as rates fall, there is a sign that high earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card usage revealed that from the start of the war through March 21, … Read more
UK house prices rose at their fastest pace in almost 18 months in March, although soaring mortgage rates amid the Iran war may have led to a market downturn, according to Nationwide. The UK’s biggest building society said the average UK house price rose by 0.9% month-on-month in March, the biggest increase since January 2024. … Read more