Risk of gas crisis as Iran launches missiles at US military bases June 23, 2025 Iran has launched a barrage of missiles at US military bases in Qatar, in response to America’s bombing raids over the weekend. City analysts have been on high alert over the potential economic fallout, with a warning that gas prices could more than double if shipping through the Strait of Hormuz is blocked. Analysts fear [...]
Lammy: Iran blocking Strait of Hormuz would be ‘catastrophic mistake’ June 23, 2025 Foreign secretary David Lammy has warned Iran that blocking the crucial Strait of Hormuz shipping lane would be a “mistake” after the nation vowed repercussions following the US’ attacks. Lammy told the BBC this morning: “It would be a catastrophic mistake. It would be a mistake to blockade the Strait of Hormuz.” The foreign secretary [...]
Brent crude could hit $110 if oil flow through Strait of Hormuz halved June 23, 2025 Oil prices could surge to new highs, Goldman Sachs has warned, after the US attacked three sites in Iran spiking fears that a crucial Iranian-controlled waterway could be disrupted. The price of Brent crude oil spiked 5.7 per cent in the aftermath to $81.40 a barrel – marking a five month high. Prices later gave [...]
US does not seek war, says Pentagon after bombing Iran’s nuclear sites June 22, 2025 America “does not seek war” with Iran, the Pentagon has said in the aftermath of a surprise US attack on three of Tehran’s key nuclear sites. The mission, called Operation Midnight Hammer, involved decoys and deception, and met with no Iranian resistance, Secretary of Defence Pete Hegseth and US Air Force General Dan Caine, chairman [...]
Iran cannot be allowed nuclear weapons, says Reynolds June 22, 2025 The UK would have preferred a diplomatic solution to the conflict between Israel and Iran, the Business Secretary Jonathan Reynolds has said. Reynolds told BBC’s Sunday with Laura Kuenssberg programme he could not “pretend that the prevention of Iran having a nuclear weapon is anything other than in the interests of this country,” but would [...]
Starmer calls for negotiations after US attacks Iran’s nuclear sites June 22, 2025 Sir Keir Starmer has urged Iran to return to negotiations after Donald Trump launched US air strikes on the regime’s nuclear facilities. The Prime Minister said Iran’s nuclear programme is a “grave threat” which the US military action would “alleviate”. There is understood to have been no UK involvement in the action, which comes after [...]
Housing for servicepeople should be ‘defence policy priority’, Tories say June 18, 2025 Housing for servicepeople should be a “defence policy priority”, the Conservatives have said as they unveiled their new defence strategy. On Friday, Iran launched an attack on Israel in retaliation to Israel’s strikes on Iranian nuclear facilities. US President Donald Trump has refused to rule out US involvement, with the caveat that he is “not [...]
Shell and BP: FTSE 100 giants get analyst backing after oil surge June 18, 2025 FTSE 100 oil heavyweights are back in analysts favour after oil prices surged from the intensifying Middle Eastern conflict. BP and Shell shares have jumped around three per cent in the last week and climbed further as President Donald Trump weighed in on the attacks in Israel and Iran. Russ Mould, investment director at AJ [...]
84 per cent of Brits want Iran blocked from developing nuclear weapons June 16, 2025 A huge 84 per cent of Brits say that Iran should be stopped from developing nuclear weapons, with 44 per cent supporting UK military efforts to intervene, according to polling from think tank More in Common. The overwhelming strength of public concern and the relative backing of intervention is at odds with Sir Keir Starmer’s [...]
FTSE 100 shrugs off Israel-Iran strikes June 16, 2025 The FTSE 100 was unmoved by simmering tensions in Israel and Iran, despite reports that the UK was scrambling to send fighter jets, and conflict in the Middle East was on the brink of a significant escalation with US involvement. The UK’s leading index was up 0.2 per cent after the first hour of trading, [...]