The war in Iran has led to fears of food shortages and fuelled forecourt price hikes – but is your summer holiday also in jeopardy?
The price of jet fuel has soared higher than any other oil product, including petrol, since the Middle East conflict led to the effective closure of the Strait of Hormuz.
It means major airlines – including Qatar, Etihad and Lufthansa – have started cancelling flights. So how worried should you be about your much-needed break abroad?
Niall is joined by Sky’s business correspondent Paul Kelso.
Have you got a question for Niall? Email the show – why@sky.uk