How the Iran war affects your money and bills

From petrol prices to mortgage rates, the US-Israel war with Iran has already had an impact on people's finances in the UK.

Hopes of a lasting deal to end the war have risen, but the political situation can change quickly as too can the effect on personal budgets.

Drivers have noticed that prices at the pump have jumped since the war began, but have since dipped from their peak.

Crude oil is a key ingredient in petrol and diesel, meaning higher wholesale costs make filling up a car more expensive.

Since the war began, that wholesale price has been volatile as the production and transportation of energy across the Middle East has been disrupted.

According to the RAC, the price of petrol reached an Iran war peak of 159.53p a litre on 28 May, while diesel's highest price was 191.54p a litre on 15 April.

The latest data shows petrol was marginally under 157p a litre, and diesel just under 178p, with the RAC expecting further falls.

It now costs £97.22 to fill up a 55-litre family car with diesel – £18.91 more than it did on 28 February, and £85.74 for a tank of petrol – £12.68 more than at the start of the conflict.