Stories

Fri, 19 Jun 2026

Fri, 19 Jun 2026 Five ways the Iran peace deal could affect you and your money

With fuel and gas prices having fallen in recent days, we look at how the end of hostilities might affect you - in five charts.

* Petrol prices have started to fall, but are still higher than before the conflict began: + UK: average petrol price 154.72p/litre (down from 162.05p), diesel 174.30p/litre (down from 183.6p) + US: average gas price $3.97/gallon (down from $4.50), diesel $5.09/gallon (up from $3.76)
* UK gas prices have fallen, but may not return to pre-conflict levels: + Benchmark UK gas price 98p/therm (down from 157p)
* Jet fuel prices have dropped, but are still above pre-war levels: + Average jet fuel price $967/tonne (down from $1,838)
* Inflation has risen due to the conflict: + UK: inflation 2.8% (up from 3%) + US: inflation 4.2% (up from 2.4%) + EU: inflation 3.3% (up from 2.1%)
* Interest rates have been kept on hold due to uncertainty over the conflict's impact: + Bank of England: interest rate 3.75% + US Federal Reserve: interest rate between 3.5% and 3.75% + European Central Bank: interest rate 2.25%