In a week where Rachel Reeves had hoped to confirm a period of economic stability in Tuesday’s spring statement, global events once more overtaken the government’s best laid plans. The US and Israel’s war on Iran has has shaken global markets and caused huge fears about energy prices and the impact they will have on inflation and the cost of living.

Hilary Osborne is the Guardian’s money and consumer editor and will be answering questions about wider economic fallout – and any others you might have – live from 1pm GMT here. Please post your questions and discuss the subject below.

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