"Price hikes as a result of the Iran war will be felt for at least eight months after the conflict ends, a government minister has warned. Chief Secretary to the prime minister, Darren Jones, warned people will see higher energy, food and flight prices as a consequence of what Donald Trump has done in the Middle East and said there will be a long tail from this."
"The government has stepped up planning for how to offset potential shortages sparked by the conflict, following the closure of the Strait of Hormuz, a key shipping lane crucial for the supply of a fifth of global oil and gas, which sent oil prices soaring."
"Meanwhile, peace talks planned for this weekend have stalled, with Iran insisting no direct talks would take place and Donald Trump calling off a trip for US negotiators to visit mediators in Pakistan."
The Independent focuses on essential issues such as reproductive rights, climate change, and the influence of Big Tech. It emphasizes the importance of on-the-ground reporting to provide balanced perspectives. The publication aims to keep journalism accessible to all, avoiding paywalls. Recent warnings indicate that price hikes due to the Iran war will persist for over eight months, affecting energy, food, and flight costs. The government is planning to address potential shortages following the conflict, while peace talks have stalled amid rising tensions.
Read at www.independent.co.uk
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