Iran sends reply to U.S. peace plan as tensions persist in Strait of Hormuz
Iran said on Sunday (10 May) that it had sent its response to a U.S. proposal aimed at launching peace talks to end the war, as signs of tentative ...
The Middle East conflict is pushing up energy prices and feeding into UK food costs, with businesses warning the impact is reaching consumers through everyday grocery bills.
The warning has been highlighted by Sainsbury's - a leading British supermarket chain - which says rising energy costs linked to the war involving Iran are feeding through the food supply chain and increasing pressure on prices.
Simon Roberts, the CEO of Sainsbury's, said the government should step in to support the sector, arguing that higher energy bills risk pushing grocery inflation further up.
Energy is a major cost across the industry, from farming and food production to transport and retail, meaning global shocks can quickly translate into higher prices on supermarket shelves.
The UK is particularly exposed to these pressures. Wholesale gas prices have surged since the conflict began, while oil prices have climbed sharply amid disruption to global supply routes.
That broader energy shock is already feeding into inflation. UK food inflation rose to 3.7% in March, and industry bodies have warned prices could increase significantly further by the end of the year.
Businesses say there is only so much they can absorb. While supermarkets are trying to keep prices low, rising costs across production, storage and distribution are making further increases harder to avoid.
The situation highlights how geopolitical tensions are filtering into daily life, not just through fuel prices but also through the cost of basic goods.
Economists warn that if energy markets remain volatile, pressure on household budgets is likely to intensify, turning a distant conflict into a direct cost-of-living issue for UK consumers.
Efforts to end the U.S.-Iran war appeared to stall as the two sides exchanged fire in and around the Strait of Hormuz. A reported CIA assessment suggested Tehran could withstand a U.S. naval blockade for months despite mounting sanctions and renewed Gulf attacks.
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President Donald Trump called Iran’s response to a US war proposal “totally unacceptable” after Tehran sent its reply through mediator Pakistan, according to IRNA. Qatar’s al-Thani also warned Iran against using the Strait of Hormuz as “a pressure tool”.
Efforts to end the U.S.-Iran war appeared to stall as the two sides exchanged fire in and around the Strait of Hormuz. A reported CIA assessment suggested Tehran could withstand a U.S. naval blockade for months despite mounting sanctions and renewed Gulf attacks.
The U.S. and Iran exchanged fire in and around the Strait of Hormuz, though both sides signalled they did not want escalation. The clashes come as Washington awaits Tehran’s response to a proposed deal to end the war while leaving key disputes, such as Iran’s nuclear programme, unresolved for now.
Tensions between the U.S. and Iran remain far from a genuine ceasefire, as military posturing, sanctions and uncertainty over diplomacy continue to fuel fears of a broader regional confrontation.
Iran confirmed on Friday its Armed Forces responded to, what Tehran is calling, the U.S. Navy’s violation of the ceasefire. It said Iranian ships and civilian areas were attacked near the Strait of Hormuz on Thursday evening.
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