Lana

British services inflation, which tracks things like rent and tends to signal homegrown price pressures, hit 4.3% in February.

And there are signs that the energy shock could spill into those harder-to-shift services prices too, making it much harder for the central bank to rein in inflation overall.

Jet fuel prices have soared, so airlines will soon need to decide how much of that extra cost to pass on to customers through ticket prices.

European carriers have already secured about 80% of their fuel needs for this year, which should soften the blow in the short term.

But the airlines that are holding off on locking in fuel at today's high prices are taking a gamble.

If the conflict drags on, fuel prices will likely rise even more, so they may well need to eat that cost or put fares up.

That's it for today.

I'm Lana.

I'll see you tomorrow.

Hey, I'm Lana with your Daily Brief for Tuesday, March 24th.

Coming up, stocks bounced as the U.S.

backed off its Iran infrastructure threat.

And Berkshire Hathaway's first big buy under its new CEO has a very Warren Buffett feel to it.

We'll also check in with Carl to get his answers to your burning questions.

More on the way, but first, a word from Guy at Finimize HQ.

Markets bounced back on Monday after the U.S.

president paused planned strikes against Iran's energy infrastructure, the latest volley in a conflict that keeps jolting markets.

Geopolitical tensions rose over the weekend.

The US threatened to strike Iran's power plants if it didn't reopen the Strait of Hormuz shipping channel, and Iran warned that it would hit back at critical energy and water infrastructure across the Gulf region.

That left investors fearing a more lasting energy crisis.