Ministers are intensifying efforts to prepare for potential shortages arising from the Iran conflict. The closure of the Strait of Hormuz, a crucial route responsible for a significant portion of global oil and gas transportation, has led to a surge in oil prices following the initiation of the US-Israel conflict with Iran.
Keir Starmer is set to lead a meeting of the Cabinet committee dedicated to managing the crisis, with a focus on monitoring stock levels and devising strategies to address supply chain disruptions. The government is advising the public to maintain normal petrol usage and travel plans amid concerns about possible shortages of jet fuel.
Chief Secretary to the Prime Minister Darren Jones is leading a group of ministers in contingency planning meetings twice a week to prepare for any economic and security impacts resulting from the conflict. The government’s stance is to remain defensive and protect Britain’s interests without engaging in the conflict directly.
UK airlines have reassured the public that there is currently no shortage of jet fuel as they proactively purchase supplies in advance and airports maintain adequate stocks. The government is closely monitoring jet fuel stocks and ensuring flexibility for airlines to cancel flights if fuel shortages arise without risking their allocated slots.
Supermarkets are collaborating with the government to strategize for potential shortages of carbon dioxide, critical for food production, in a worst-case scenario resulting from the ongoing conflict.
Efforts are being made to work with international partners to reopen the Strait of Hormuz and find a lasting solution to the crisis to minimize adverse effects on households and the economy.
