The US-Israel war on Iran is driving up energy prices around the world, which is pushing record numbers of UK homeowners to consider buying solar panels
The ripple effects of war are felt far beyond the borders of any battleground.
In 2022, Russia’s invasion of Ukraine caused huge disruptions to global energy supply chains, plunging the world into a cost of living crisis – the effects of which can still be felt today.
Now, just over four years later, the same is happening again.
Solar and Battery Eco-system (Image: Fox-ESS.com)
Since the US and Israel launched joint airstrikes on Iran at the end of February, around one-fifth of the world’s gas and oil has been effectively removed from circulation.
Markets and stock exchanges have already reacted, with the price of fuel skyrocketing.
Meanwhile, the effects are already beginning to be felt in at home, with people around the world bracing for heating, electricity and petrol prices to boom.
For British households still grappling with the afterglow of the 2022 price shocks, the timing could hardly be worse.
Read more: Energy Digital
