Rachel Reeves warns households face higher bills as Middle East tensions push up oil and gas prices, threatening a renewed inflation spike. She urges rapid de-escalation, keeps the fuel duty freeze, orders scrutiny of pump prices, and says the Treasury is ready to act if pressures persist.

Iran warned it could target regional oil facilities after incidents at its energy sites, raising fears of supply disruption and price spikes. Neighbouring states were cautioned as markets slid; analysts said further escalation could push crude past $100 and weigh on the global economy.

Donald Trump demanded Iran’s unconditional surrender as the US and Israel intensified military action. Operations in Lebanon have forced over a million to flee. Israeli officials signalled further escalation, while Tehran indicated it would not accept the terms.

Authorities ordered residents of southern Beirut to evacuate, citing imminent military action against sites linked to an armed group. Foreign embassies urged departures. Gridlock and limited shelter capacity raised concern for those unable to leave, amid fears of broader escalation.