The Iran war: An evangelical economist writes

It is striking that the current war in the Middle East is having such a major and immediate impact on people’s lives here in the UK – on your life and mine. I am talking here especially about the economic impact.

It was on 28 February this year that the USA and Israel began a series of military strikes against Iran. Less than three weeks later, the average price of petrol in the UK had already risen by 10p per litre – and diesel prices were up by 20p per litre.

That is a rapid impact.