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UK PM Starmer to discuss Iran war impact with Bank of England
Bank of England representatives are expected to attend as oil prices near a three-week high and fuel costs climb, officials said.
- Prime Minister Keir Starmer will chair an emergency Cobra committee meeting on Tuesday with representatives from the Bank of England to discuss the Iran war's economic impact.
- As the Strait of Hormuz remains blockaded and peace talks between Washington and Iran stall, benchmark Brent crude rose 2% to just under 108 dollars a barrel on Monday.
- Prime Minister Keir Starmer told the Usdaw conference on Monday he would "stand by working people in this crisis," while Darren Jones warned price hikes will persist for at least eight months after the war ends.
- On Sunday, President Donald Trump told Fox News that Washington will not send negotiators to Iran, citing lack of progress in Islamabad talks.
- Sir Keir warned the economic consequences could last "for some time," as Reform politicians staged a protest in Westminster on Monday to "demand action" on fuel costs.
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Times of IndiaReposted by 
The Economic Times
The Economic TimesUK PM Starmer to discuss Iran war impact with Bank of England
Prime Minister Keir Starmer will convene a Cobra meeting with Bank of England officials. The focus is the economic fallout from the war in Iran. Starmer assured trade union members that working people will be supported. He warned that economic consequences, including rising fuel prices, may persist for some time.
·India
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Total News Sources15
Leaning Left3Leaning Right4Center2Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 33%
C 22%
R 45%
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