Gas prices have spiked and global stock markets tumbled as the conflict in the Middle East intensified and concerns grew over how long it will last.
The UK gas price surged to its highest level for three years on Tuesday, following sharp gains on Monday, while Brent crude oil benchmark briefly rose above $85 a barrel for the first time since July 2024.
Meanwhile, the share prices of companies on US, European and Asian stock markets plunged.
Since Israel and the US launched strikes on Iran and Tehran retaliated, investors have been weighing the potential economic impact, including what it could mean for inflation and interest rates.
There are fears the fight in a region that plays a key role in global energy supplies and shipping routes could have a similar impact to Russia's full-scale invasion of Ukraine four years ago which pushed up the cost of energy, causing price rises for businesses and consumers around the world.
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