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Chancellor Reeves Warns Iran Conflict Disrupts UK Trade and Energy
Chancellor Rachel Reeves said the UK Treasury is modelling economic scenarios and may support energy costs amid disrupted oil and gas shipping through the Strait of Hormuz.
- On Wednesday, Chancellor Rachel Reeves told Parliament's Treasury Committee that trade disruptions from the Middle East conflict pose a significant risk to the British economy.
- On Wednesday morning, the UK Maritime Trade Operations Centre reported three commercial vessels were struck and one ship caught fire off the coast of Oman.
- Shipping through the Strait of Hormuz has been severely restricted because of the conflict, and US Central Command said American forces destroyed multiple Iranian naval vessels, including 16 minelayers, near the Strait.
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The trade unions and the war on Iran - The Communist
The war on Iran is producing massive radicalisation, which will exponentially increase the more this catastrophe drags on. But Britain’s trade union leaders are lagging far behind this mood – failing to provide any point of expression for the anger against the ruling class. The post The trade unions and the war on Iran appeared first on The Communist.
Evening Standard+9 Reposted by 9 other sources
Trade disruption from Iran war ‘not good for the British economy’, Reeves says
The Chancellor called for rapid de-escalation of the conflict to protect the UK economy.
·London, United Kingdom
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Coverage Details
Total News Sources17
Leaning Left4Leaning Right1Center9Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 29%
C 64%
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