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Explained in plain English

Why are my bills so high?

When oil prices go up, it makes everything more expensive to transport and produce. This is a big part of why inflation is a worry, as mentioned in the story. You might notice higher prices at the petrol pump, in your supermarket shop, and even in your energy bills, as businesses pass on their increased costs to customers like you.

Stories that explain this

Global growth hits 3% despite near-100% public debt Oil hits $94 as UAE cuts Iran ties, squeezing Strait of Hormuz President Macron seeks new energy routes avoiding the Strait of Hormuz

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Who controls global oil prices? Who is Donald Trump? Why are energy routes important? Why are energy shares up? Why is France worried? Why does the IMF care? Why do interest rates rise? Will my holiday cost more?

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