AssetID: 55543510
Headline: UNCAPTIONED: Starmer Warns Iran Conflict Could Hit UK Economy
Caption: Starmer Warns Iran Conflict Could Hit UK Economy. Prime Minister Keir Starmer has warned that the longer the conflict involving Iran continues, the greater the risk to the UK economy. Speaking at a community centre in London, Starmer said his government is closely monitoring the situation and working with international partners to limit the impact on people in Britain. He acknowledged that rising tensions are already affecting global energy markets. Oil prices have climbed sharply amid fears the war between the United States, Israel and Iran could disrupt supplies. The surge prompted an emergency meeting of the Group of Seven to discuss the potential economic fallout. Chancellor Rachel Reeves warned the price increases could push inflation higher in the coming months and said the UK is ready to support a coordinated release of emergency oil reserves if needed. Starmer insisted Britain’s economy is in a stronger position than in 2022, when energy prices spiked after Russia’s invasion of Ukraine. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,UK Prime Minister,Keir Starmer,warned,long conflict,Iran,continues,United States,Israel,risk,UK economy,oil prices,money,international partners,G7,emergency plan,in place,reserves
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