Israel Iran War · 23 March 2026

UK Fuel and Mortgage Costs Rise After War

Harrison Keely via Wikimedia Commons (CC BY 4.0)

British people face higher fuel and mortgage costs due to the Middle East conflict. Disrupted oil supplies through the Strait of Hormuz have pushed petrol up nearly 9–10p per litre since 28 February. Banks including Barclays, Halifax, and Santander have raised mortgage rates. Around 1.8 million mortgage deals expire in 2026, adding financial pressure.

By BriefTea Editorial · 23 March 2026 at 4:37

Reported by The Telegraph · How we write briefs

Get the app

Understand this story

Mortgage costs might rise Your mortgage could rise

More briefs

BusinessElizabeth Holmes Documentary Takes $15m in Biggest Opening in 20 Years SportsTen Hag Says Man United Broke Promise Not to Sell McTominay PoliticsSultan of Oman Begins First UK State Visit in 44 Years BusinessVinted Sellers Say They Were Unfairly Banned From the App WorldStorm Adam Floods Kill Four in Eastern Spain Politics800 Edinburgh Holiday Lets Operating Despite Planning Refusal Browse all stories →