Key facts
- Oil and gas prices rose due to US-Iran strikes.
- Eurozone factories faced the largest jump in input costs in four years.
- Supply chain delays in the Eurozone hit their highest since the 2022 pandemic squeeze.
- UK house prices fell 0.6% in May.
- UK house prices are up 1.7% year-on-year.
Geopolitical tensions between the US and Iran have led to a surge in oil and gas prices, directly impacting raw material and energy costs for manufacturers globally. This, combined with existing supply chain disruptions, is creating significant cost pressures. In the UK, the housing market is showing signs of cooling, with prices falling month-on-month, indicating that property investments are not always a safe haven from broader economic and geopolitical instability.