- Sir Keir Starmer is scheduled to chair another Cobra meeting this week to discuss the ongoing economic impact of the Iran war.
- The Prime Minister warned that the economic consequences of the conflict, including rising oil prices, could continue 'for some time'.
- The emergency committee will convene with representatives from the Bank of England to address the war's financial repercussions.
- Oil prices reached a near three-week high on Monday, amid the Strait of Hormuz blockade and stalled peace talks between the US and Iran.
- Darren Jones, chief secretary to the Prime Minister, cautioned that price increases in energy, food, and flights could last for at least eight months after the war ends, linking some impact to Donald Trump's actions in the Middle East.
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