"After costs surged following the outbreak of the Iran conflict, lower-income households will get targeted support, while heating oil suppliers engaged in price gouging will face legal action and future market regulation, he warned."
"I want to see an end to this war as quickly as possible, because the longer it goes on, the more dangerous the situation becomes, and the worse it is for the cost of living back here at home."
"The UK, which is considering sending ships and mine-hunting drones to the Middle East, was working with allies on a viable plan to reopen shipping lanes. Otherwise energy prices would remain high."
The UK government announced £53 million in support for lower-income households reliant on heating oil following price surges from the Iran conflict. Prime Minister Keir Starmer stated the UK will not be drawn into the wider Middle East war but is considering military options, including ships and mine-hunting drones, to reopen shipping lanes and stabilize global oil supplies. The government will pursue legal action against heating oil suppliers engaged in price gouging and implement future market regulation. Starmer emphasized de-escalating the conflict as a priority, noting that prolonged conflict increases both security risks and domestic cost-of-living pressures. The UK is coordinating with US, Gulf partners, and European allies on viable plans to restore maritime traffic and prevent sustained energy price increases.
Read at www.theguardian.com
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