Watch: How oil and gas prices are pushing up the cost of living

The war in the Middle East is less than a month old, but its impact is already being felt widely.

In the UK on Thursday, the Bank of England held interest rates at 3.75% on Thursday - after an earlier expectation they could be cut - with a warning that inflation could tick up.

Ahead of the decision, some of the UK's biggest mortgage lenders raised rates - meaning higher costs for borrowers.

The price drivers are having to pay at the pump are already on the rise, and on Wednesday petrol hit an 18-month high, while diesel has increased by more than 20p since the start of the conflict.

The BBC's International Business Correspondent Theo Leggett looks at how household budgets are being impacted.

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