Why Trump’s Iran war is finally costing UK households

2026-07-01

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Whether you’ve been enjoying or enduring the summer heatwave, running that new air-con unit has just got a whole lot more expensive.For millions of people across England, Scotland and Wales the cost of household energy has soared by 13% from the 1 July – following the latest rise in the energy price cap.The war in Iran is largely to blame, thanks to the closure of the Strait of Hormuz and subsequent spike in oil and gas prices.But Donald Trump’s military action began at the end of February, so why are we only beginning to feel ...

Whether you’ve been enjoying or enduring the summer heatwave, running that new air-con unit has just got a whole lot more expensive.

For millions of people across England, Scotland and Wales the cost of household energy has soared by 13% from the 1 July – following the latest rise in the energy price cap.

The war in Iran is largely to blame, thanks to the closure of the Strait of Hormuz and subsequent spike in oil and gas prices.

But Donald Trump’s military action began at the end of February, so why are we only beginning to feel the impact now? How long will the current high prices persist and are there any tricks for reducing those domestic bills?

Mhari Aurora is joined by Sky’s business news reporter James Sillars.

Have you got a question for the podcast? Email us: why@sky.uk

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