Key insights
- UK Prime Minister Starmer stated there's no assessment indicating mainland Britain is being targeted by Iran. While easing immediate fears of escalation in the UK, the situation in the Strait of Hormuz and potential cost of living impacts related to the conflict introduce downside risks for global growth and sentiment, indirectly impacting US equities. The market impact is slightly negative due to increased uncertainty.
Investing.com -- British Prime Minister Keir Starmer said Monday that there has been no assessment indicating mainland Britain is being targeted by Iran.
"We carry out assessments all the time in order to keep us safe, and there’s no assessment that we’re being targeted in that way," Starmer told reporters.
The Prime Minister was responding to questions about whether Britain could be targeted by Iran following weekend reports that Iran fired two ballistic missiles at the U.S.-U.K. military base Diego Garcia in the Indian Ocean.
Starmer said his number one priority is to protect British interests and de-escalate tensions. He added that any attempt to reopen the Strait of Hormuz requires careful consideration and a viable plan.
The Prime Minister also said the government will discuss every available measure to address cost of living issues related to the Iran conflict.
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