Supply shortage fears push UK to ramp up contingency planning over Iran war

Britain is “dialing up” efforts to shield households from the economic fallout of the Iran war, a senior minister said, as officials warned that higher prices could persist for months even after the conflict ends, Anadolu reports. Chief Secretary to the Treasury Darren Jones said the government was stepping up contingency planning amid concerns that the closure of the Strait of Hormuz, a key route for global oil and gas shipments, could disrupt supplies. “We’re acting now to prepare for, and mitigate where possible, the impact on our economy and domestic security as a result of the conflict,” Jones said, according to Sky News. Ministers have stressed there are currently no fuel shortages and urged the public to continue normal […]