Will Kennedy

I think policymakers will be much more focused on the October changes.

And if we don't see a meaningful drop in energy prices from here, you could see another big jump then going into the winter months where people have got their heating on and they really feel it.

So, yes, not good news.

But the government will be really hoping that there's a bit of a resolution in the Middle East that means this isn't repeated in October.

I think policymakers will be much more focused on the October changes.

And if we don't see a meaningful drop in energy prices from here, you could see another big jump then going into the winter months where people have got their heating on and they really feel it.

So, yes, not good news.

But the government will be really hoping that there's a bit of a resolution in the Middle East that means this isn't repeated in October.

It's become clear that the war has done meaningful damage to the energy industry in the region.

That's an example of how long the conflict will linger and the fact that the economy and the market globally should expect oil prices to remain elevated for some time to come.

It's become clear that the war has done meaningful damage to the energy industry in the region.

That's an example of how long the conflict will linger and the fact that the economy and the market globally should expect oil prices to remain elevated for some time to come.