US strikes on Iranian targets near the Strait of Hormuz raise concerns over disruptions to vital UK and European energy routes and market stability.
US military strikes on Iran escalate tensions in the Strait of Hormuz, disrupting oil exports and unsettling UK and European energy markets.
The US has lifted its blockade of the Strait of Hormuz, enabling record oil flows that could stabilize UK and EU energy markets and influence sterling valuations.
The US will not renew sanctions exemptions allowing purchases of Russian and Iranian oil cargos at sea, impacting UK and European energy markets and supply dynamics.