What could US-Iran peace deal mean for UK household costs?

The impact on petrol and food prices, energy bills and mortgages if the truce holds and strait of Hormuz reopens Around the world, markets reacted with relief this week to news that Donald Trump hadsigned a draft peace deal with Iranthat promised to reopen flows of oil and gas from the Gulf to global buyers. There are already signs the truce could unravel, with Friday’s peace talks in Switzerlandabruptly called off, but for now markets seem persuaded that commercial vessel traffic through the key waterway can start returning to normal.Continue reading...