As we've been reporting, Keir Starmer will gather business leaders in Downing Street today to discuss the economic impact of the Iran war.

Ahead of this, we've had a reminder that it's not just oil prices that have risen since Iran blockaded the Strait of Hormuz, with a shipping analyst saying we should also be watching fertiliser costs.

Lars Jenssen, the founder and chief executive of shipping consultancy Vespucci Maritime, says 20 to 30% of the world's seaborne fertiliser originates in the Gulf.

"This will mean rapidly escalating food prices, especially in poorer countries," he tells BBC Radio 4’s Today programme.

Source : BBC