Oil prices have surged above $100 a barrel as disruption around the Strait of Hormuz and attacks on key infrastructure hit global supplies. The rise is pushing UK fuel and gas prices higher, raising fresh concerns about inflation and the prospect of higher interest rates. Sky's Ed Conway explains what is driving the energy shock and what it could mean for households and the wider economy. Read more: https://news.sky.com/story/middle-east-latest-oil-prices-rise-after-iran-backed-rebels-strike-pipeline-and-strait-of-hormuz-meeting-postponed-13509565 #skynews #iranwar #fuelprices #analysis #uk SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on X: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Why not listen to one of our podcasts? This is Why, available for free here: https://podfollow.com/thisiswhy or Ed Conway's Stuff Matters, available here: https://podfollow.com/stuff-matters To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales