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Price of your shopping ‘will be hiked up in very, very near future’ due to Iran war | News Politics

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Price of your shopping 'will be hiked up in very, very near future' due to Iran war | News Politics
It could be a matter of days before we start seeing the effects of rising energy prices on our supermarket shop (Picture: Getty)

It has been less than two weeks since US and Israeli missile strikes on Iran thrust the Middle East into a new era of chaos and uncertainty.

As death and devastation continue to spread across the region, the rest of the world is starting to feel a different kind of pain as a direct result.

The price of wholesale gas has increased by 67% since those initial strikes at the end of February, while oil prices have gone up by 35%.

That is immediately bad news for people who drive cars powered by a petrol or diesel engine, and fears are also growing for an increase in household energy bills further down the line if the crisis continues.

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But those higher energy costs have a broader impact that will soon sting for regular people across the UK.

‘Energy is a very important ingredient,’ said Dr Muhammad Ali Nasir, Professor of Economics at Leeds University.

‘It’s like the blood of the economy, really, and the blood of the industry and services sector. Without energy, our economy can’t function.’

You might have read in recent days about Ofgem’s energy price cap, which will ensure household gas and electricity bills will not go up before July.

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However, there is no such cap in place for businesses, meaning your local shop, pub and cafe could start feeling the pinch a lot sooner and be forced to pass that burden on to their customers.

A satellite image of Strati of Hormuz and marine traffic.
The crisis has massively limited traffic through the Strait of Hormuz, which is vital for oil shipping (Picture: MarineTraffic)

Professor Nasir said: ‘If you take a supermarket, without naming one, they use energy in a big quantity.

‘And if now they are paying more on filling up at the pump, in just a matter of, I would say, a few days, they will have to take that into account to be sustainable as a business.

‘So as soon as their cost of business has gone up, that would be translated into prices very soon. So I won’t be surprised if, in the very, very near future, we’ll see that the impact has been felt.’

Higher energy costs also impact every aspect of a product’s journey to supermarket shelves, from manufacture to transportation to storage – particularly if it needs refrigeration.

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That can lead to little choice other than hiking up the price.

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And there’s more bad news from Professor Nasir. Even if the war in Iran somehow came to an abrupt end tomorrow, it’s unlikely to mean we escape the energy hit.

He said: ‘I think two weeks is a significant amount of time, and this is an energy shock, and it will have an impact.

‘Whatever it has caused, I think some uncertainty would remain, and that would affect the energy market.’

Professor Nasir added: ‘I don’t expect the prices of energy to go down to before this war level very soon. I hope I might be wrong, but I feel that they would remain elevated even there’s a cease fire.’

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Get in touch with our news team by emailing us at webnews@metro.co.uk.

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Steve Borthwick needs to wreck French title bid – his future may rely on it

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Steve Borthwick needs to wreck French title bid - his future may rely on it

There have been two signs in the aftermath of the Italy defeat to suggest Borthwick may be running out of time. Within hours of the final whistle in Rome, a leading bookmaker sent round the odds for the candidates to replace him. Ronan O’Gara was the favourite, the former Ireland fly-half who has overseen great success at La Rochelle winning two European Cups, even with La Rochelle currently in the middle of their worst season for some time. Andy Farrell, the Ireland head coach, was also listed on there, although there is a better chance of pigs taking flight.

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Family of soldier missing after Selby night out ‘devastated’

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Family of soldier missing after Selby night out 'devastated'

North Yorkshire Police is appealing for information and sightings to help locate 28-year-old Ryan Rudd after he failed to return home or to his barracks in Catterick Garrison when expected after a night out with friends last month.

As reported by The Press last week, he was reported missing to police on March 1 after being out of contact with family, friends and colleagues – who were concerned for his safety.


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The last confirmed sighting of Ryan at 2.54am on February 15, walking past the Old Flour Factory towards New Millgate in Selby.

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He is described as white, around 5ft 8in, of slim build with dark brown hair, and when he was last seen he was wearing a black t-shirt, blue hooded top and black trousers.

CCTV images taken on the day that Ryan was last seen (Image: North Yorkshire Police)

Ryan’s Mum Kerstin and Dad Ken have today released a new image of Ryan along with this statement: “As a family, we are devastated and struggling to put into words how we feel.

“We would ask anyone who has even the smallest piece of information that could help bring Ryan home to please contact the police. We are desperate to have him back.”

Inspector Ciaran Conlon from North Yorkshire Police said: “This is an extremely difficult time for Ryan’s family, and they are currently receiving support from specialist officers.

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Ryan’s family are receiving support from specialist officers. (Image: North Yorkshire Police)

“As with any investigation, we remain open minded and will continue to explore all lines of enquiry, but we must accept the possibility that Ryan has entered the River Ouse.

“If you do have any information which can help with the search then please call us 101. Any immediate sightings should be reported to 999.”

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Cheltenham Festival day 4: Results, winners, race card and Gold Cup odds

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Cheltenham Festival day 4: Results, winners, race card and Gold Cup odds

On St Patrick’s Thursday at Prestbury Park, Heart Wood triumphed over Jonbon in the Ryanair Chase to give Henry de Bromhead his first winner of this year’s Festival.

33/1 shot Home By The Lee won the Stayers’ Hurdle at the fifth time of asking for Joseph O’Brien, while there was a first Cheltenham win for Jimmy Fyffe as favourite Supremely West triumphed in the Pertemps Network Hurdle final.

40/1 shot White Noise sprung a shock in the opening Mares’ Novices’ Hurdle before Meetmebythesea won the Jack Richards Novices’ Limited Handicap Chase, Wodhooh delivered in the Close Brothers Mares’ Hurdle and Ask Brewster brought home the Fulke Walwyn Kim Muir Challenge Cup.

When is Cheltenham Festival 2026?

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The meeting runs for four days, beginning on Tuesday, March 10, 2026, and running until Friday, March 13.

There are seven races each day at Prestbury Park, with the first at 1.20pm GMT and the last at 5.20pm.

Cheltenham Festival 2026 race card and results

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Gold Cup Day (Friday, March 13)

14.00: County Handicap Hurdle

14.40: Mrs Paddy Power Mares’ Steeple Chase

15.20: Albert Bartlett Novices’ Hurdle

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16.00: Cheltenham Gold Cup

16.40: Festival Hunters Chase

17.20: Martin Pipe Conditional Jockeys Handicap Hurdle

The Cheltenham Roar heard coming around the bend

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Champion Day (Tuesday, March 10) results

13.20: Supreme Novices’ Hurdle

  1. Old Park Star 15/8f
  2. Sober Glory 9/2
  3. Mydaddypaddy 6/1

14.00: Arkle Novices’ Chase

  1. Kargese 7/1
  2. Kopek Des Bordes 11/8
  3. Lulamba 11/10f

14.40: Handicap Steeple Chase

  1. Saratoga 10/1
  2. Winston Junior 5/1
  3. Klycot 40/1
  4. Pourquoi Pas Papa 16/1
  1. Johnnywho 18/1
  2. Jagwar 3/1f
  3. Quebecois 10/1
  4. Blow Your Wad 14/1
  1. Lossiemouth 7/5f
  2. Brighterdaysahead 7/2
  3. The New Lion 3/1

16.40: Juvenile Handicap Hurdle

  1. Madara 3/1f
  2. Will The Wise 10/1
  3. Moon D’orange 25/1
  4. Downmexicoway 9/1

17.20: National Hunt Novices’ Chase

  1. Holloway Queen 12/1
  2. King Of Answers 22/1
  3. One Big Bang 11/1
  4. Union Station 28/1

Ladies’ Day (Wednesday, March 11) results

13.20: Turners Novices’ Hurdle

  1. King Rasko Grey 11/1
  2. Act Of Innocence 10/1
  3. Zeus Power 50/1
  4. Soldier Reeves 150/1

14.00: Brown Advisory Novices’ Chase

  • Kitzbuhel 11/1
  • Final Demand 7/2
  • Salver 25/1
  • Oscars Brother 18/1
  1. Jingko Blue 9/2f
  2. Franciscan Rock 50/1
  3. Storm Heart 5/1
  4. Ballyadam 40/1
  5. Beckett Rock 33/1

15.20: Cross Country Steeple Chase

  1. Final Orders 7/1
  2. Favori De Champdou 2/1f
  3. Vanillier 13/2

16.00: Queen Mother Steeple Chase

  1. Il Etait Temps 5/2
  2. Libberty Hunter 50/1
  3. L’eau Du Sud 13/2

16.40: Grand Annual Steeple Chase Challenge Cup

  1. Martator 66/1
  2. Jazzy Matty 8/1
  3. Break My Soul 20/1
  4. Release The Beast 10/1
  1. The Mourne Rambler 15/2
  2. Mets Ta Ceinture 14/1
  3. Bass Hunter 8/1

St Patrick’s (Thursday, March 12) results

13.20: Mares’ Novices’ Hurdle

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  1. White Noise 40/1
  2. Oldschool Outlaw 15/2
  3. Place De La Nation 28/1

14.00: Jack Richards Novices’ Limited Handicap Chase

  1. Meetmebythesea 9/1
  2. Gold Dancer 25/1
  3. Regent’s Stroll 5/1

14.40: Close Brothers Mares’ Hurdle

  1. Wodhooh 5/6f
  2. Jade de Grugy 2/1
  3. Feet Of A Dancer 8/1

15.20: Paddy Power Stayers’ Hurdle

  1. Home By The Lee 33/1
  2. Ballyburn 11/2
  3. Bob Olinger 13/2
  1. Heart Wood 9/2
  2. Jonbon 2/1f
  3. Banbridge 3/1

16.40: Pertemps Network Final Handicap Hurdle

  1. Supremely West 10/3
  2. Lavida Adiva 22/1
  3. Ikarak 40/1

17.20: Fulke Walwyn Kim Muir Challenge Cup

  1. Ask Brewster 22/1
  2. Road To Home 9/1
  3. Monbeg Genius 18/1

Cheltenham Festival 2026 weather and going

Light rain is forecast throughout the day at Cheltenham on Friday, though the wind has calmed and there should be some sunny intervals.

However, it has turned much colder, with a highest temperature forecast of around eight degrees.

The going for Friday on the chase course is good to soft and soft in places, while it’s soft and good to soft in places on the hurdle course.

How to watch Cheltenham Festival 2026

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TV channel: ITV1 will broadcast the first six races for FREE, with coverage beginning at 12.45pm every day and running until 5pm.

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Everything we know as major fire breaks out at Bolton industrial estate

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Manchester Evening News
Everything we know as major fire breaks out at Bolton industrial estate – Manchester Evening News