Money Talks: Mortgage rate spikes, airfare increases and soaring fuel prices - how the Iran war could hit your pocket

"I think it's anybody who's going to be doing a big weekly shop and driving there to do it - all of that is now going to cost more. And, I think, the travel and the holidays and things that we like doing are one part of it that might go up, but I think all of our day-to-day expenses are likely to climb up too."

"All of it is so circular and it's hard to know really how you can kind of protect your own pocket against it."

The ongoing conflict in Iran creates widespread financial consequences affecting households globally. Price increases at petrol pumps directly impact weekly shopping costs and travel expenses. Beyond obvious fuel-related expenses, the economic ripple effects extend to everyday day-to-day costs. The interconnected nature of global economics makes it difficult for individuals to protect their personal finances from these geopolitical disruptions. Both discretionary spending like holidays and essential expenses like groceries become more expensive as a result of Middle East tensions.

Read at Irish Independent