You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.

Higher fuel, energy and food prices could linger following Iran war

28 Apr 2026

Government ministers have warned that higher prices for fuel, food, energy and flights could linger following the end of the US-Israel war with Iran.

According to the government, energy production and transportation across the Middle East have slowed due to the conflict, which has adversely impacted supply chains and caused prices to rise globally.

Darren Jones, Chief Secretary to Prime Minister Keir Starmer, told the BBC that the government is considering how to combat price rises and is stepping up its plans to offset potential shortages of food and fuel.

Government officials recently created a plan to handle a 'worst-case scenario' of food shortages by the summer, dependent on whether the war continues.

Mr Jones commented: 'Our best guess is eight plus months from the point of resolution that you'll see economic impacts coming through the system.

'So people will see higher energy prices, food prices and flight ticket prices as a consequence.'

About us

Higgisons was formed by John Higgison in Oxford Street in 1965 and was originally part of the Accountancy Tuition Centre until James McHale became managing partner and the firm moved to its City Road premises in 1982.

We like to become involved at the planning stage of the formation of a business venture to ensure that it is structured as flexibly and efficiently as possible so that it can cope with changes in legislation or personal circumstances.

Higgisons Chartered Accountants
Higgison House
381-383 City Road
London
EC1V 1NW


© 2026 Higgisons Chartered Accountants. All rights reserved. We use cookies on this website, you can find more information about cookies here.