"I'm angry that Donald Trump has chosen to go to war in the Middle East - a war that there's not a clear plan of how to get out of."
"The spike in oil and gas costs is partly a consequence of disrupted supply from the Gulf, where the Strait of Hormuz remains effectively closed."
"Diesel prices have risen by 27% since the conflict began, reaching 181.2p per litre, while petrol has increased 14% to 152.0p per litre."
"The conflict could have knock-on effects on global energy markets, trade, and geopolitical stability, leaving the UK exposed to price shocks."
Chancellor Rachel Reeves expressed anger over Donald Trump's military operations in the Middle East, emphasizing the absence of a clear exit strategy. The ongoing conflict has led to rising fuel and energy prices in the UK, with diesel prices increasing by 27% and petrol by 14%. Concerns have been raised about the potential impact on global energy markets and trade. Prime Minister Sir Keir Starmer has called for EU cooperation and plans to host a summit to address the crisis and stabilize the region.
Read at London Business News | Londonlovesbusiness.com
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