UK must be prepared for a price shock from the Iran war | Heather Stewart

<p>Governments are having to wake up to the fact they will have to take a closer interest in supply chains for essentials</p><ul><li><p><a href="https://www.theguardian.com/business/2026/mar/08/oil-prices-supply-disruption-iran-war-goldman-sachs">Oil prices ‘could breach $100 a barrel within days’ amid supply disruption from Iran war</a></p></li></ul><p>Donald Trump’s assault on Iran and the deadly conflict it has unleashed is grim and unprecedented – but there is a familiarity to its economic consequences: brace yourself for another price shock.</p><p>From the Covid shutdown and subsequent reopening to Russian tanks rolling into Ukraine, the global economy has been rocked by one cost surge after another.</p> <a href="https://www.theguardian.com/business/2026/mar/08/uk-must-be-prepared-for-a-price-shock-from-the-iran-war">Continue reading...</a>