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The conflict in the Middle East has continued into a second week and there are already major fears about the impact that soaring energy prices could have on people in the UK.
In particular, rising prices and energy bills could fuel higher inflation and see the Bank of England eventually raise interest rates.
However, rising rates have knock-on effects elsewhere, including on people’s mortgages and savings.
Here, The Independent looks at how the war in the Middle East could impact rates – and your finances.
Will interest rates go up or down?
Interest rates were cut four times over the course of 2025, with the Bank of England (BoE) bri
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