Iran War: How much strain can the UK economy take?

• The risk of a UK recession has increased significantly since the US began strikes on Iran in late February. • Rising inflation and possible rate hikes could choke off already sluggish UK economic growth. • But some economists expect the “energy shock” to be short-lived, as in 2022 when Russia invaded Ukraine. The likelihood of a UK recession has increased since the US war in Iran began in late February, experts say, with higher inflation and interest rates set to slow down an already weak economy. Despite a two-week ceasefire agreement, UK stock and bond markets still reflect this negative...