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1 revisions for "From Hormuz to High Street: How the Iran Conflict Is Driving Up Mortgage Costs for 1.3 Million UK Households"

Anonymous2 days ago

The Bank of England's April 2026 Financial Stability Report warns that 1.3 million additional UK households face higher mortgage payments as the Iran conflict disrupts global energy markets, with two-year fixed rates jumping 0.8 percentage points in a month. The Strait of Hormuz blockade has pushed Brent crude above $100 and UK natural gas prices up over 70%, forcing gilt yields sharply higher and reversing expectations of rate cuts — though the Bank maintains that increases remain "modest" compared to the 2022 mini-budget shock.