UK-based think-tank conducting independent energy and climate analysis
The UK faces a second record heatwave this summer as experts warn of rising food prices and stressed farming systems. A government plan for farming promises long-term support and nature-friendly systems, but critics say it underfunds implementation and pushes risk onto farmers amid mounting heat and price pressures.
The conflict in Iran has pushed up energy prices and fuel costs, with gas and oil contributing to higher household bills. The price cap review set for 1 July to 30 September 2026 is expected to show a rise, while a think tank identifies towns most vulnerable to energy-spending shocks.
Oil prices are lifting inflation pressures while central banks hold rates at current levels. Recent data show jobs strength and firmer services costs, prompting caution on policy paths amid war-linked supply disruption.
Gas prices have stayed high amid ongoing tensions in the Hormuz Strait and the Iran conflict. Analyses suggest a slow rebound in prices, with travel costs and fuel affecting consumer budgets for the coming months.
El Niño has formed in the Pacific and is expected to strengthen through late 2026, with a 63% chance of reaching a very strong level. Forecasts warn of hotter global temperatures and extreme weather, while impacts will vary by region. Scientists urge preparation and climate action as nations monitor evolving conditions.