Spring forecast: Reeves to insist she has ‘right economic plan’; Markets plunge as Middle East crisis drives UK gas price to three-year high – live updates

The UK is experiencing rising grocery price inflation, impacting households' finances. Grocery inflation increased to 4.3% in February after a period of decline. Economic plans might be affected by the ongoing Middle East conflict. Oil price spikes have boosted investor sentiment towards BP and Shell. These companies face potential disruptions stemming from the Strait of Hormuz. Shell's LNG facilities in Qatar and the Emirates are also at risk. A stable Iran could lead to lower oil prices and investment opportunities. Uncertainty persists regarding the conflict's economic consequences. Both Shell and BP's trading arms could benefit, especially with Shell's LNG expertise. Shell's financial stability may allow the continuation of its payouts despite volatility.