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Five ways the Iran peace deal could affect you and your money
Key takeaways
- The outbreak of the US-Israel war with Iran in February caused shock waves across the global economy.
- The region plays a key role in global oil and gas supplies, and the closure of the key Strait of Hormuz shipping corridor, has driven up prices on a wide range of things from energy bills to air fares.
- On 18 June, Iran and the US signed a deal aimed at bringing an end to the war, with the Strait set to reopen.
Daniel Thomasand Miguel Roca-Terry Getty Images. The outbreak of the US-Israel war with Iran in February caused shock waves across the global economy.
The region plays a key role in global oil and gas supplies, and the closure of the key Strait of Hormuz shipping corridor, has driven up prices on a wide range of things from energy bills to air fares.
On 18 June, Iran and the US signed a deal aimed at bringing an end to the war, with the Strait set to reopen.
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