Prime Minister Keir Starmer has warned that the war in Iran could persist for 'some time,' cautioning against expecting a quick resolution. Speaking to the House of Commons liaison committee, Starmer acknowledged US-Iran talks revealed by Donald Trump but emphasized the need for sustained economic measures.

Chancellor Rachel Reeves will brief MPs Tuesday on plans to support households and businesses through the crisis. Starmer convened an emergency meeting with senior ministers and Bank of England governor Andrew Bailey to discuss economic fallout containment. The Treasury outlined topics including energy security, supply chain resilience, and the international response.

Starmer suggested strengthening the Competition and Markets Authority to address alleged energy company profiteering during the crisis. His comments follow strained relations with Trump after the US president shared a mocking Saturday Night Live sketch. The economic risks from the conflict could force government bailouts for affected households and businesses, with Reeves advocating targeted support for those hardest hit.