You don't have to look too far to find the reason for the rise in inflation if the Straits of Hormuz are still blocked and now alternative Saudi routes to market are also being targeted. No AI is needed to check where the price at the pump is going, armchair economists just need to type in Google "Brent Crude", not a perfect oil benchmark but close enough to reflect the damage the peacemaker's war is causing to the  global economy. Current levels are sitting 50% higher for the year, recently, breaking through the key US$100 level and staying there, a serious pain barrier felt around the world.

The knock-on effects for the UK are the higher inflation figures announced earlier this week, up from July's 2.9% to 3.1%. This in turn will probably result in another rise in interest rates and higher mortgage and borrowing rates, resisted by the Bank of England yesterday but widely expected before the end of the year and already being anticipated by lenders raising rates.

Another spin off will no doubt be a continuation of record profits from Oil companies making hay while consumers suffer crippling increases in forecourt prices.