---
title: "As Labour lurches further left, the markets are calling time"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286664210.md"
description: "US inflation rose to 3.8% in April, up from 3.3% in March, driven by increased petrol and food prices amid the US-Israel war in Iran and the closure of the Strait of Hormuz, which has disrupted global energy supplies."
datetime: "2026-05-17T07:17:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286664210.md)
  - [en](https://longbridge.com/en/news/286664210.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286664210.md)
---

# As Labour lurches further left, the markets are calling time

US prices rose sharply in April as consumers across the world’s largest economy felt the impact of war in Iran. Inflation was 3.8pc during the year to last month, up from 3.3pc in March, driven by rising petrol and food prices. The US-Israel war in Iran and the closure of the Strait of Hormuz have seriously curtailed global energy supplies, along w...

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