Gavin Grey: UK correspondent on energy bills going up as a result of the Iran war

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Recorded27 May 2026

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Over in the UK, household energy prices will rise by 13 percent a year in July, as soaring wholesale costs caused by the impact of the Iran war hit bills for the first time. Energy costs have jumped as a result of Iran blocking the crucial Strait of Hormuz shipping route - where a fifth of the world's oil and gas is carried. UK correspondent Gavin Grey says even if the Strait was unblocked tomorrow, this conflict would still leave a significant economic impact. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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