How the world is paying the price for the war on Iran

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Oil prices surge as the Iran war throws the whole Middle East into crisis, triggering a global economic shock wave.

As a new Khamanei son replaced the assassinated father as Iran's Supreme Leader, the bombing and killing goes on - though the US strategic goal remains unclear.

Israel bombed more Hezbollah targets in Lebanon, Gulf countries have issued increasingly angry statements about how they've been hit by Iran, and the economic cost of Trump and Netanyahu's war started to bite.

Energy prices have spiked and so has the cost of government borrowing, with fears of inflation and interest rate rises to come.

In Britain, the government called for descalation and tried to calm the markets and the public.

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Posted by Fast News in Default Category 1 hour, 38 minutes ago  ·  Public

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