Iran shuts Strait of Hormuz again despite Trump war threat - more economic misery
Iran has closed the Strait of Hormuz again, sparking fears of economic disruption and fuel shortages in the UK and Europe. The UK government is preparing for potential shortages and rising bills, with holiday flights already being impacted.
Iran has reclosed the Strait of Hormuz, causing concerns about the impact on the global economy. The Islamic Revolutionary Guards Corps announced the move, citing US 'piracy' as the reason. The US has maintained its blockade of Iran, with President Donald Trump warning of further attacks if a deal is not reached. The UK government is preparing for potential shortages, including fuel and carbon dioxide, which could affect various industries such as food and drink manufacturers, and hospitality. Holiday flights are already being impacted, with two airlines cancelling flights due to rising fuel costs. The UK and France are planning to lead an international mission to protect freedom of navigation in the Strait.
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