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UK Prime Minister Keir Starmer convenes with industry leaders to address the escalating Middle East crisis, as Irans blockade of the Strait of Hormuz sends oil prices soaring, causing a surge in petrol costs for British drivers. Meanwhile, countries like Australia and Ireland are reducing fuel duties, while Spain and Poland have cut VAT on fuel. The UK government remains unyielding, rejecting similar measures and planning a duty hike in September. Business leaders warn of a potential global recession, as fears of diesel shortages grow and inflation and economic growth slow. Rachel Reeves is set to meet with G7 finance ministers, advocating for energy imports and a faster transition to renewable energy. The Royal Navy prepares for potential Strait security options, and the UKs maritime ops commander provides briefings. Amidst the crisis, Donald Trump suggests seizing Irans Kharg Island, while Tories push for North Sea drilling, VAT cuts on energy, and scrapping green taxes. Starmers team aims to unite government and business to navigate the fuel storm.
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UK News Today | 2 Min News | The Daily News Now!

UK News Today | 2 Min News | The Daily News Now!

UK News Today | 2 Min News | The Daily News Now!