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How the Iran war affects your money and bills

The conflict in the Middle East has increased pressure on the cost of petrol, household energy bills and even food.

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  • May 1, 2026
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Energy consultancy Cornwall Insight’s latest forecast predicts that, under Ofgem’s price cap for July to September, a dual-fuel household using a typical amount of gas and electricity would pay £1,850 a year, up from the current £1,641. However, this forecast is subject to change.

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