top of page

Impact of Iran War on UK

  • Writer: Stephen Caldwell
    Stephen Caldwell
  • Mar 22
  • 1 min read

(Alliance News) - An energy boss has said price rises may be "inescapable" if the war in the Middle East drags on, as the government insisted there is no need to ration fuel.

Housing Minister Steve Reed said there is a contingency plan ready, but urged people to "buy their fuel just like they always would".

There are increasing concerns about how the Iran conflict could affect the cost of living, with the prime minister due to hold a Cobra meeting next week to discuss plans to help households.

Iran has kept up its stranglehold on shipping in the Strait of Hormuz, causing oil prices to spike.

On Sunday, the chief executive of Centrica PLC, which owns British Gas, said global oil supplies are down 20% because of the conflict.

Comments


bottom of page