7 articles
UK Prime Minister Burnham considers aiding Saudi Arabia against Houthi attacks threatening oil infrastructure and Red Sea shipping. Rising Brent crude prices near $110 per barrel increase inflation ri
UK trade unions urge Prime Minister Burnham to pressure Trump to end the Iran war, linking the conflict to rising energy and food costs. They call for revoking US access to British bases to de-escalat
UK inflation cooled to 2.6% in June, driven by falling petrol and crude oil prices that reduced raw material costs, though geopolitical tensions persist.
US President Trump discussed North Sea oil and Strait of Hormuz shipping security with UK leader Burnham, accepting an invitation to visit Manchester amidst renewed diplomatic ties.
Incoming UK PM Burnham faces warnings that US-Iran conflict may derail North Sea fossil fuel drilling plans amid concerns over the Strait of Hormuz blockade. Treasury forecasts warn of economic sourin
The UK government has shelved key legislation, including the Energy Independence Bill which proposed restricting oil and gas exploration licenses, ahead of a leadership transition.
UK equities declined amid political leadership uncertainty and inflation risks from rising oil prices. Brent crude futures jumped 2.6% on Middle East tensions, dragging down metal miners and utilities
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