Mortgages, jobs and energy bills - how the Iran war will affect your money

4 hours agoKevin Peachey,Cost of living correspondentandShanaz Musafer,Business reporterGetty ImagesThe Bank of England has revealed some interesting details on the ways our finances will be affected as the conflict in the Middle East hits the economy.The central bank kept interest rates on hold this week, but the rate-setting committee's report helped shed some light on what households can expect when it comes to things like mortgages, energy bills and the jobs market.Here are five key takeaways.1. Rate rises could be on the wayNot that long ago, most economists were expecting interest rates to fall this year. The Iran war changed that.Although the Bank held rates this week, it has signalled that rises could come later this year.Because of "uncertainty around the severity and duration" of the war, the Bank considered a range of scenarios to determine how it will react in the coming months.In the scenario the Bank governor put most weight on, with energy prices slowly falling, the rate-setting committee's deliberations suggest a rise or two could be on the cards.In its most adverse scenario, which would see oil above $120 a barrel for the rest of the year and inflation topping 6% early next year, as many as