Will a Middle East peace deal make any difference to inflation?

Will a Middle East peace deal make any difference to inflation?

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Tehran, Iran: First up on this week’s Inside Business podcast is the potential impact on energy prices from the reopening of the Strait of Hormuz south of Iran. Photograph: Atta Kenare/AFP/Getty
Tehran, Iran: First up on this week’s Inside Business podcast is the potential impact on energy prices from the reopening of the Strait of Hormuz south of Iran. Photograph: Atta Kenare/AFP/Getty

The announcement of a 60-day ceasefire in the Middle East to allow detailed negotiations on what could be a deal to end the conflict has given the financial markets some breathing space.

First up on this week’s Inside Business podcast is the potential impact on energy prices from the reopening of the Strait of Hormuz, a key shipping route for oil, liquefied natural gas and fertiliser.

The Irish Times’s Cliff Taylor assesses what we can expect with energy prices and how they could impact on interest rates, a review of which is due from the European Central Bank in July.

Host Ciaran Hancock also speaks to the manager of Toners Pub in Dublin, Luke Stedmon, about the boost in trade he’s seen as a result of the Fifa World Cup.

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And while he’s in the studio, we ask how much he’s charging for a pint, and how much has the price climbed in his eight years working in the pub trade.

Presented by Ciaran Hancock. Produced by JJ Vernon, John Casey and Andrew McNair.

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