Iran war live: Starmer and Trump discuss Strait of Hormuz

Key Points:

• The International Energy Agency (IEA) warned that the Middle East conflict poses a major threat to global energy security, with current oil supply losses exceeding those of the 1970s crises, and member nations may release additional oil reserves if necessary.
• Explosions and airstrikes targeted Tehran as Israel launched a wave of strikes against Iranian infrastructure, causing casualties and significant damage amid escalating tensions.
• The conflict has triggered missile alerts and drone interceptions across the Gulf region, including injuries in the UAE, while Asian markets experienced sharp declines due to fears over oil supply disruptions through the Strait of Hormuz.
• The UK government, led by Sir Keir Starmer, is convening an emergency meeting to address the economic fallout, focusing on energy security, supply chains, and international cooperation.
• Iran announced plans to charge vessels £1.5 million to pass through the Strait of Hormuz, escalating tensions further, while former US President Trump threatened military strikes on Iranian power plants if the strait is not fully reopened within 48 hours.