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

The announcement of a 60 day ceasefire in the Middle East to allow detailed negotiations on what we understand could be a deal to end the conflict, has given the financial markets breathing space. First up on this week’s podcast is the potential impact on energy prices through the opening of the Strait of Hormuz, a key shipping route for oil, liquified natural gas and fertiliser. The Irish Times’s Cliff Taylor assesses what we can expect from energy prices and how it could impact interest rates, a review of which is due from the European Central Bank in July. Ciaran 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. And while he’s in the studio, how much is he charging for a pint, and how much has it climbed in his eight years working in the pub trade. Presented by Ciaran Hancock. Produced by JJ Vernon, John Casey and Andrew McNair.    * * * Hosted on Acast. See acast.com/privacy for more information.