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The Independent UK
The Independent UK
Business
Karl Matchett

How UK households are paying the cost of Trump’s Iran war – with big energy bill increases on the horizon

Iran United Kingdom Petrol Inflation Bank of England ECIU

The grim scale of the financial impact of the Iran war on UK households has been laid bare, with energy bills set to soar by more than £221 a year from July.

The rise in Ofgem’s price cap – the largest since 2023 – has been triggered by global energy markets being thrown into turmoil following the US and Israel’s attacks on 28 February.

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