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Hormuz Shipping 'Jitters' Will Delay Cost of Living Relief | Prof Stephen Millard
Posted
June 15, 2026
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6:01Now Playing“The markets have been expecting rises in interest rates…I suspect what will happen is that we won't see that rise in August. Rates will remain on hold.”
As a diplomatic breakthrough between the US and Iran causes crude oil prices to slide, UK households remain exposed to a lag in Strait of Hormuz transit, says the deputy director at the National Institute of economic and social research, Professor Stephen Millard.
Prof Stephen Millard was speaking to Seb Payne on The Times at One. Listen live every Monday to Thursday from 1pm.
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