A war in the Persian Gulf is repricing energy contracts in South London

European gas prices jumped 40% in the week following the US-Israeli strikes on Iran. Qatar, which supplies roughly 20% of global LNG, partially shut down production after Iranian strikes on its facilities. UK economic growth was already revised down to 1.1% in 2026, before this week's energy shock hit.

For Nigerians in Britain who've been managing energy bills since the Russia-Ukraine crisis of 2022, this isn't background noise. It's the direct debit. The reason the transfer home this month is slightly less than last month.

The families in Lagos and Aba will feel that before any economist announces a correlation.

This is the cost of living in diaspora in 2026: a war in the Persian Gulf reprices your energy contract in South London, which reduces what you can send to Ibadan, which means a school bill gets deferred in Nigeria. The chain is that direct. The distance is that irrelevant.