Reeves ready to support release of oil reserves as she warns of inflation from Iran war

UK inflation could end year higher due to Iran war, watchdog says

Rising oil and gas prices amid US-Israeli war in Iran could push UK consumer prices higher, increase living costs for households, warns Office for Budget Responsibility - Anadolu Ajansı

U.K. Warns Oil Price Spike Could Stoke Inflation

Chancellor Rachel Reeves has warned that a recent spike in oil prices will translate into higher inflation in the UK, with her economic approach centring on calls for the US, Israel and Iran to de-escalate the conflict in the Middle East. In a statement to MPs, Reeves said she called on G7 finance minister, which includes the US administration’s Scott Bessent, for “immediate de-escalation” of the conflict and that she wanted to see vessels safel…

Chancellor warns Iran conflict 'likely to put upward pressure on inflation'

Rachel Reeves has warned of economic impact as oil prices seesaw following Middle East crisis

Cost of living to rise as Iran conflict pushes prices higher - inflation to remain “firmly above” Bank of England target

Ministers face pressure to act on the cost of living as the Iran conflict threatens to push prices higher.

UK inflation ‘to be pushed higher’ by energy prices amid Iran conflict

The British Chambers of Commerce said the geopolitical situation could ‘change the economic outlook considerably’.

UK finance minister warns of higher inflation amid Iran war

UK finance minister Rachel Reeves warned on Monday the country could face rising inflation due to the fallout of the US and Israel's war.