The war in the Middle East is sending economic shockwaves around the world with the price of oil soaring above the $100-a-barrel mark.
Global markets were gripped by panic on Monday as fears mount over the impact of the US and Israel’s war on Iran and Tehran’s subsequent airstrikes across the Gulf.
Oil prices have soared above 100 dollars a barrel for the first time since 2022 in response to the crisis.
London's FTSE 100 Index fell nearly 2% soon after opening as the Middle East conflict caused an acute supply crunch.
Concerns the world is heading towards economic meltdown were fuelled by Iran named Ayatollah Mojtaba Khamenei, a son of the late supreme leader who was killed in an Israeli strike at the start of the war, as its next ruler.
The Prime Minister insisted the economy was resilient and well placed to absorb the “likely impact” on households and businesses
At a community centre in London, Sir Keir said: “People will sense, you will sense I think, that the longer this goes on, the more likely the potential for an impact on our economy, impact into the lives and households of everybody and every business.
“And our job is to get ahead of that, to look around the corner, assess the risk, monitor the risks, and work with others in relation to that.”
US President Donald Trump sought to play down the impact of the turmoil he has unleashed, insisting the prices will “drop rapidly when the destruction of the Iran nuclear threat is over” and were a “very small price to pay”.
As the US and Israel continued to fire missiles at Iran, Tehran attacked Kuwait, Qatar and Bahrain, where it hit a residential area wounding 32 people, including several children, according to authorities. Later on Monday, NATO forces shot down a missile that entered Turkey’s airspace.
Qatar intercepts 17 ballistic missiles and six drones from Iran
14:21 , Megan HoweAn explosion was earlier reported in the Qatari capital, Doha.
Qatar’s Ministry of Defence has now confirmed that the country was targeted by an attack involving 17 ballistic missiles and six drones launched from Iran.
According to the ministry, Qatar’s armed forces successfully intercepted all of the incoming threats, and no casualties have been reported.
Americans told to get out of southeast Turkey
13:56 , Megan HoweThe Department of State has ordered non-emergency US government employees and their family members to leave Consulate General Adana due to the safety risks.
Americans in southeast Türkiye are strongly encouraged to depart now.
The US Consulate Adana has suspended all consular services.
Americans should contact the US Embassy Ankara or the US Consulate General Istanbul for consular services.
US stock markets fall within minutes of opening
13:51 , Megan HoweUS stock markets have fallen after being spooked by oil prices, in a similar fashion to Europe and Asia.
Within minutes of opening, the Dow Jones Industrial Average tumbled 1.1.% - or more than 550 points, while the S&P 500 index fell by 1%.
The Nasdaq also began Monday in the red, down 1%.
Downing Street leaves open prospect that King Charles’ visit to America may be postponed
13:49 , Megan HoweDowning Street has left floating the possibility of King Charles’ State visit to America next month being postponed.
Lib Dem leader Sir Ed Davey has urged the Prime Minister to call off the King’s trip to the US over Mr Trump’s “illegal war” and as the US leader “repeatedly insults and damages our country”.
A Downing Street spokesman said: “No state visit has been confirmed yet,” leaving open the prospect that it could be delayed.
Trump has repeatedly criticised Sir Keir Starmer after the Government initially blocked the US from using British bases to attack Iran, saying he was “not Winston Churchill”.
The US president’s criticisms come after comments he made in January that European troops had stayed off the front lines in Afghanistan, drawing a rare rebuke from Sir Keir who described them as “frankly appalling” and insulting to the families of the 457 British service personnel who died in that war.
Asked about Sir Ed’s remarks, Communities Secretary Steve Reed said the King did a remarkable job of representing Britain abroad and it was not for him or the Lib Dem leader to comment on the arrangements.
Buckingham Palace does not comment on official trips before they have been confirmed.
NATO has again intercepted a missile heading to Turkey
13:47 , Megan HoweNATO has once again intercepted a missile which entered Turkish airspace, a spokesperson has said.
It comes as the defensive alliance said it would be ready to defend all of its allies against any threat.
The Turkish defence ministry says a second ballistic munition was destroyed by "Nato air and missile defence assets".
In a statement, the ministry adds that debris fell onto empty land in the southern city of Gaziantep, but there were no injuries or casualties.
Last week, the Turkish defence ministry said an Iranian missile heading towards its airspace was destroyed by Nato defences.
'When Cyprus is attacked, Europe is attacked' says French President Emmanuel Macron
13:41 , Megan HoweFrance will deploy two warships as part of the EU’s naval mission to protect shipping in the Red Sea.
French President Emmanuel Macron told reporters: "When Cyprus is attacked, Europe is attacked,” after a drone hit a British air base on the island’s southern tip.
Macron is currently visiting Cyprus to meet his Greek and Cypriot counterparts in a show of "solidarity".
"We are in the process of setting up a purely defensive, purely escort mission, which must be prepared together with both European and non-European states," he said.
Nato forces shoot down Iranian ballistic missile over Turkey
13:32 , Megan HoweTurkey says NATO defences have intercepted a ballistic missile that entered the country’s airspace
Turkey’s Defence Ministry said debris from the downed Iranian missile fell on empty fields in Gaziantep province, in southern Turkey. There was no damage or casualties.
The ministry stressed that while Turkey values peaceful relations and stability in the region, it would not hesitate to act if its land or airspace is threatened.
“We once again emphasize that all necessary steps will be taken firmly and without hesitation against any threat directed at our country’s territory or airspace,” the Defence Ministry statement read.
We remind everyone that complying with Turkey’s warnings in this regard is in everyone’s interest.”
The statement said the missile was downed by Nato units stationed in the eastern Mediterranean.
Monday’s downing of the missile over Turkey was the second such interception since the start of the Iran war.
700,000 people displaced in Lebanon
13:16 , Alastair LockhartMore than 700,000 people have been displaced in Lebanon amid Israel’s offensive against Hezbollah, according to UNICEF.
The UN humanitarian group said the figure includes 200,000 children.
Israel has told hundreds of thousands of people in the south of Lebanon to evacuate their homes as it continues to attack Hezbollah as part of its joint action with the US against Iran.
France sends two frigates to Red Sea
13:07 , Alastair LockhartFrance will send two frigates as part of the European Union's naval mission Aspides in the Red Sea, French President Emmanuel Macron said on Monday.
"We are in the process of setting up a purely defensive, purely escort mission, which must be prepared together with both European and non-European states," Macron said after meeting with Cypriot President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis in Cyprus.
Huge crowds turn out to support new supreme leader
12:44 , Matt WattsHuge crowds have turned out in the streets of Tehran in support of Iran’s new supreme leader Mojtaba Khamenei.
Images from Tehran show thousands of people waving Iranian flags at a gathering in the country’s capital.
Khamenei was named on Sunday as the successor to his father who was killed in a US-Israeli strike on the first day of the war.
Explainer: Why are gas and oil prices rising?
12:18 , Megan HoweRising tensions in the Middle East linked to the US–Israel crisis are causing global oil and gas prices to rise sharply.
One of the biggest reasons is concern about supply disruptions. Reports say Iran has effectively blocked commercial ships from passing through the Strait of Hormuz, which is one of the most important energy shipping routes in the world.
Tankers moving through this narrow waterway carry about one-fifth of the world’s oil, as well as large amounts of seaborne gas.
With traffic through the route nearly at a standstill, markets are worried about how easily energy can reach countries around the world.
That uncertainty is already showing up in prices.
Brent crude, the global benchmark for oil produced from the North Sea, has jumped past $100 a barrel - the highest level since the summer of 2022.
And gas prices are rising too. Qatar Energy said it had halted production of liquefied natural gas after attacks on its facilities. Since Qatar is a major LNG exporter, any disruption to its production can quickly tighten supply.
Kemi Badenoch suggests she would push for an extension of the 5p cut to fuel duty
12:06 , Megan HoweKemi Badenoch suggested she would be pushing for an extension of the 5p cut to fuel duty in Parliament.
The Tory leader previously said she would bring a vote in Parliament on Tuesday to "keep fuel duty low".
"Last week at the spring statement, Rachel Reeves said that the 5p cut on fuel duty would only last until September.
"Given what we know about what is going on in the world, we should be extending that.
“So tomorrow, I'm going to be bringing in a vote so that we can have a say on keeping fuel duty low as much as possible.
“That's the kind of measure that will actually help people with the cost of living."
Iran's new Supreme Leader wounded in an Israeli airstrike, according to reports
11:54 , Megan HoweMojtaba Khamenei, the new Supreme Leader of Iran, has been wounded in an Israeli airstrike, according to reports.
Iranian state television described Khamenei as “janbaz”, or wounded by the enemy, in the “Ramadan war” which is the Iranian media's term for the conflict.
It is unclear if they are referring to the air strike that killed his father, previous supreme leader Ali Khamenei, on February 28.
The nature of his injury remains unclear.
Drivers being told to cut down on 'non-essential journeys'
11:15 , Megan HoweDrivers are being urged to consider cutting out "non-essential journeys" because fuel prices are expected to rise as the cost of oil soars.
AA president Edmund Kind, who issued the advice, also suggested motorists should change their driving style to be more fuel efficient.
Oil prices - which have a significant effect on the cost of wholesale fuel - have soared above 100 dollars a barrel for the first time since 2022 in response to the Middle East conflict.
Since the war began on February 28, the average price of a litre of petrol at UK forecourts has increased by 5p to 137.5p, while diesel is up 9p to 151.0p.
Mr King said: "The longer this conflict goes on, the more effect it will have on the cost of oil.
"Any time Brent Crude passes 100 dollars per barrel raises concern across the markets, for the haulage industry and drivers.
"There will be gradual increases in pump prices, but this shouldn't happen overnight as fuel has been purchased at previous prices.
"Our suggestion is that drivers should not change their refuelling habits but can consider cutting out some non-essential journeys and changing their driving style to conserve fuel."
Saudi Aramco reducing output at two oilfields, sources say
10:53 , Megan HoweSaudi oil giant Aramco has begun cutting output at two of its oilfields, sources said on Monday
It comes after the vital Strait of Hormuz was choked by the US-Israeli war on Iran and subsequent attacks on the waterway.
It was not immediately clear at which fields and by how much production was being curtailed. Aramco, which has been rerouting some of its crude cargoes to the Red Sea port of Yanbu, did not immediately respond to an emailed request for comment.
Several of Saudi Arabia's neighbours, which have also been subject to attacks, have also cut production.
Chancellor Rachel Reeves speaking “daily” to Governor of the Bank of England
10:41 , Megan HoweThe Chancellor is in “daily” talks with the Governor of the Bank of England, Andrew Bailey, as the crisis in Iran grows.
It comes as Sir Keir Starmer acknowledged the concerns of householders and businesses about the potential economic impact of the war in the Middle East.
Speaking during a visit to a community centre in London earlier today, the Prime Minister said: “The longer this goes on, the more likely the potential for an impact on our economy, impact into the lives and households of everybody and every business.”
Starmer defends his response to the US-Iran war
10:29 , Megan HoweThe Prime Minister has defended his response to the crisis after repeated criticism from US President Donald Trump.
Sir Keir Starmer said: "It's really important to emphasise that the US and the UK are working together every single day, as they always have.
"And obviously, in relation to Iran, the US are now using UK air bases under the agreement that we've reached. But more generally than that, intelligence is being shared every day in the region. We have our military personnel and US military personnel co-located in the same places, in the same bases, and both the US and the UK are working together and protecting those bases.
"So in terms of the relationship, the work that we necessarily have to do together is going on as you would expect. I had a telephone call with President Trump yesterday talking about the conflict in Iran and the region and what we were doing together, and that was important in terms of the ongoing discussion.
"But the discussion with our US counterpart is happening at all levels, all of the time, every single day. That's the nature of the relationship."
But he said "decisions about what's in Britain's best interests are decisions for the Prime Minister of Britain, and that's how I've approached all of the questions and all the decisions that I've had to make".
The latest images from the region as the conflict continues
10:17 , Megan Howe
Us-Iran war causing 'full-blown global economic crisis' says Labour peer
10:04 , Megan HoweTaking to social media today, Labour peer Lord Wood criticised the war in the Middle East, saying it was one without basis, which was impacting the economies of countries across the globe.
“This is a war without a basis in international law, without consistent strategic goals, whose terror and violence is spreading across countries in the region, and which is now causing a full-blown global economic crisis that will profoundly affect us all,” he said.
Lord Wood was a key adviser to Gordon Brown as Prime Minister when he dealt with the financial crisis.
This is a war without a basis in international law, without consistent strategic goals, whose terror and violence is spreading across countries in the region, and which is now causing a full-blown global economic crisis that will profoundly affect us all. https://t.co/TjCRAhGtfM
— Stewart Wood (@StewartWood) March 9, 2026
Sir Keir acknowledges impact of war on UK households and businesses
10:01 , Megan HoweSir Keir Starmer acknowledged the concerns of householders and businesses about the potential economic impact of the war in the Middle East.
Speaking during a visit in London he said: "The job of government is obviously to get ahead, to look around the corner, to work with others, and the Chancellor speaks to the governor of the Bank of England on a daily basis, with looking cross-departmental within government, assessing the risks, monitoring and talking to our international partners as well about what more we can do together to reduce the likely impact on people here and businesses here, of course.
"But it is important to acknowledge that that work is needed, because people will sense, you will sense I think, that the longer this goes on, the more likely the potential for an impact on our economy, impact into the lives and households of everybody and every business.
"And our job is to get ahead of that, to look around the corner, assess the risk, monitor the risks, and work with others in relation to that."
Petrol prices 'could go up by 30p'
10:01 , Michael HowieEconomist Julian Jessop, an economics fellow at the Institute for Economic Affairs think tank in London, has issued a stark warning on petrol prices.
An update... 🫤
— Julian Jessop (@julianHjessop) March 9, 2026
If sustained. today's surge in the cost of Brent to (around) $106 is consistent with a jump in petrol prices of (roughly) 30p, from (about) 140p to (about) 170p.
At the risk of stating the bleeding obvious, this is the most visible economic fallout from the Iran… pic.twitter.com/A2fn4EwfFk
Meanwhile, the Energy and Climate Intelligence Unit - another think tank - said its analysis of the historic link between oil and fuel prices shows oil trading at $100 a barrel results in petrol prices of about 150p per litre.
Oil hitting $120 a barrel would mean petrol prices of about 170p per litre.
'US-Iran conflict shouldn't divide us' says Starmer
09:57 , Megan HoweSir Keir Starmer has said we must not let the conflict in the Middle East cause divisions at home in the UK.
“Some people will use it to try and divide communities in this country...and we mustn’t let that happen,” he said, speaking from a community centre in London this morning.
“This is a time we need to come together as a country, stand behind our principles and values and not let people divide us.”
The Prime Minister also noted the longer conflict with Iran goes on "the more likely the impact on our economy", he warned.
Petrol price rise fears grow
09:47 , Michael HowieFears were growing that petrol and diesel prices could rise sharply after oil soared above $100 (£75) a barrel on Monday morning.
Think tank the Energy and Climate Intelligence Unit said its analysis of the historic link between oil and fuel prices shows oil trading at $100 a barrel results in petrol prices of about 150p per litre, while oil hitting $120 a barrel means petrol prices of about 170p per litre.
The RAC said the average price of a litre of petrol at UK forecourts was 137.5p on Sunday after rising nearly 5p since February 28 when the conflict in the Middle East started.
Average diesel prices were up almost 9p over the same period to 151p.
Sir Keir speaks about Iran
09:47 , Megan HoweThe Prime Minister is currently speaking about Iran from a community centre in London.
Heavy explosions heard in Tehran
09:34 , Megan HoweAccording to reports from AFP, heavy explosions have been heard in the Iranian capital of Tehran.
It was not immediately clear what was targeted but blasts were heard across several parts of the city, the agency reports.
Tehran's largest oil depot up in flames 👇
— Times of Iran News (@Timesofiraan) March 8, 2026
A reminder that China imports 15% of its oil from Iran.
No longer ...See more
pic.twitter.com/rC9G3PtuY8
Who is Iran's new supreme leader?
09:09 , Megan HoweIran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, signalling that hardliners remain firmly in charge of the country.
It comes as the now 10-day-old US-Israeli war has sent oil prices surging and Asian stock markets into a nosedive.
Iranian institutions and politicians, from the foreign ministry to lawmakers, issued statements expressing their allegiance to the country's new supreme leader as fresh missile and drone strikes reverberated across the Middle East.
"We will obey the commander-in-chief until the last drop of our blood," a statement from the defence council said.
Senior cleric Ayatollah Sadeq Amoli-Larijani said Mojtaba Khamenei's appointment was "a balm for the spiritual suffering of our people and an emphasis on the need to continue the luminous path of the late Imam (Khamenei senior)."
Mojtaba's father, Supreme Leader Ali Khamenei, was killed in one of the first strikes launched against Iran more than a week ago.
The show of solidarity for Mojtaba comes after Trump earlier rejected him as a candidate to be Iran's new supreme leader, and Israel saying it would target whoever leads Iran.
But who is Mojtaba?
Mojtaba, a cleric with influence inside Iran's security forces and vast business networks under his father, had been viewed as a frontrunner in the lead-up to Sunday's vote by the Assembly of Experts, a body of 88 clerics tasked with choosing Khamenei's successor.
The 56-year-old has largely kept a low profile and has never held government office, nor given public speeches or interviews, unlike his father. Only a limited number of photos and videos of him have ever been published.
But for years there have been rumours that he held considerable influence behind the scenes in Iran.
He has previously been described as “the power behind the robes”.
His new position gives Mojtaba the final say in all matters of state in the Islamic Republic.
Trump said on Sunday that Washington should have a say in the selection. "If he doesn't get approval from us, he's not going to last long," he told ABC News, adding that ending the war would be a "mutual" decision with Israeli Prime Minister Benjamin Netanyahu.
In an interview with the Times of Israel after the new supreme leader was named, Trump declined to respond, saying only "We'll see what happens," according to the newspaper.
Protest fears in London after 'anti-Iranian demonstrator stabbed'
08:47 , Megan HoweFears are growing over rising tensions and the potential for further Iran war protests after a stabbing in north London.
Police were called to Ballards Lane in West Finchley shortly before 7pm on Saturday following reports a man in his 40s had been attacked with a blade and a bottle.
Officers arrived to find him with stab injuries. Police have not confirmed the identity of the victim, but it was reported he was an Iranian anti-IRGC protester and the alleged attack was sparked by a disagreement involving a flag.
Five men, aged between 19 and 45, were arrested on suspicion of affray. One man, aged 25, is understood to have been arrested on suspicion of grievous bodily harm.
Protest fears in London after 'anti-Iranian demonstrator' stabbed
South Korea to cap domestic fuel prices amid Middle East conflict
08:20 , Megan HoweSouth Korean President Lee Jae Myung said on Monday that authorities would cap domestic fuel prices for the first time in nearly 30 years to contain a spike in prices.
Lee said the government would "swiftly introduce and boldly implement" a maximum price system on petroleum products "that have recently seen excessive price increases".
The current crisis "is a significant burden on our economy,” he said at an emergency meeting brought about by the escalating conflict in the Middle East.
He added that South Korea will also look for sources of energy beyond supplies shipped via the Strait of Hormuz.
Presidential policy adviser Kim Yong-beom said after the meeting that the industry ministry would proceed quickly so that the price capping system could be implemented as soon as this week.
The maximum price could be changed every two weeks, he said, noting South Korea had sufficient oil reserves to meet 208 days of consumption.
UK share index drops on opening after oil prices surge
08:15 , Megan HoweLondon’s FTSE 100 share index has dropped 1.4% in the first couple of minutes of trade.
Asian markets plunged early on Monday as oil prices soared to about 114 dollars (£85.5) a barrel due to disruptions stemming from the conflict.
In South Korea, the Kospi index sank by more than 8% at one point, triggering a 20-minute halt to trading. The so-called circuit breaker is a mechanism designed to curb panic selling. The Kospi eventually closed down 6%.
Israel threatening to kill Iran new Supreme Leader Mojtaba Khamenei as it launches new airstrikes on Tehran
08:08 , Megan HoweIsrael has threatened to kill new Supreme Leader Mojtaba Khamenei as it launched fresh attacks on Tehran.
Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signalling that hardliners remain firmly in charge in Tehran.
Iranian institutions and politicians, from the foreign ministry to lawmakers, issued statements expressing their allegiance to the country’s new Supreme Leader as the war entered its tenth day and fresh missile and drone strikes reverberated across the Middle East.
“We will obey the commander-in-chief until the last drop of our blood,” a statement from the defence council said.
But Israel has said it will target whoever leads Iran and launched new airstrikes on Tehran on Monday.
Donald Trump has branded the choice of Mojtaba Khamenei as unacceptable.
Stock markets facing 'biggest crisis' since Liberation Fay, chief analyst claims
08:04 , Megan HoweChris Beauchamp, chief market analyst at online trading and investing platform IG, said: "The market is now facing its biggest crisis since Liberation Day, and arguably since Covid.
"The hubris of the US move on Venezuela has been followed by nemesis in its attack on Iran, and the election of a hardliner as Iran's supreme leader just makes a ceasefire less likely."
Oil prices are now around 60% higher than they were when the war started.
The cost of crude can have a significant effect on wholesale fuel prices, which is sending costs at the petrol pumps sharply higher.
Benchmark Brent crude soared by 17% to more than 108 dollars a barrel, having at one stage reached nearly 120 dollars a barrel in levels not seen since the summer of 2022.
Mr Beauchamp added: "Stock markets have raced to catch up to all the news, but we are now looking at a vastly increased chance of a US and global recession as inflation surges.
"While a co-ordinated release of oil reserves provides temporary relief, it is a limited response, and is dwarfed by the loss of oil output from the Hormuz closure and the shutdown of production in the region."
Trump and Starmer phone call was “very constructive,” says Cabinet minister
07:53 , Megan HoweThe phone call between Donald Trump and Sir Keir Starmer on Sunday was “very constructive,” says Communities Secretary Steve Reed.
The US president has repeatedly criticised the Prime Minister for not allowing US forces to use UK bases for the initial and offensive airstrikes on Iran.
The PM later granted permission for "defensive" US action against Iranian missile sites from UK bases, and four American bombers landed at RAF Fairford in Gloucestershire and the US started using British bases for "specific defensive operations".
After reports the UK was preparing the HMS Prince of Wales aircraft carrier to go to the Middle East, Mr Trump said "we don't need them any longer" and that "we don't need people that join Wars after we've already won!".
No decisions have yet been taken to deploy the warship.
Mr Reed has today said the relationship was recoverable.
“The relationship between the US and the UK is deep and is abiding and the leaders of the two countries don’t always agree on absolutely everything.
“But there was a call, I understand between the president and the Prime Minister, it was very constructive.”
"I'm not going to spread panic" on gas supplies, says Cabinet minister
07:39 , Megan HoweCommunities Secretary Steve Reed said there is no “immediate threat” to Britain’s gas supplies amid claims the country has just two days left in storage.
“Stores are where they need to be,” he told Times Radio.
“I would reassure people that the country’s gas stores are in line with what you would expect at this time of year.
“We don’t see any immediate threat to our supplies from places like the North Sea and Norway.”
He added: “I’m not going to come on your show and start to spread panic.
“There’s no immediate threat to supplies.
“We will keep monitoring the situation and if action is required I’m sure that will be considered,” he stressed, signalling that the Government could intervene to keep down bills.
What impact is the war having on oil prices and global markets?
07:29 , Megan HoweThere has been much speculation over the impact of the war on the global economy.
Asian markets plunged early on Monday as oil prices soared to about 114 dollars (£85.5) a barrel due to disruptions stemming from the conflict.
US President Donald Trump has described it as a “very small price to pay” for world peace.
Meanwhile, UK Chancellor Rachel Reeves will join an emergency meeting of G7 finance ministers this afternoon to discuss the economic impact of the war, including oil prices.
South Korea has capped petrol prices for the first time in 30 years.
In Pictures: Smoke rises following an attack on an oil refinery in Bahrain
07:21 , Megan HoweThick black smoke was seen rising from Bahrain’s largest oil refinery, Bahrain Oil Company, after an airstrike.
Bapco Energies, which runs the site, declared force majeure on its group operations on Monday.
The company said that all domestic market needs remain fully secured and supplies will continue without disruption, supported by proactive plans in place.
Sir Keir Starmer seeks to reassure the public as US-Iran conflict continues
07:07 , Megan HoweSir Keir Starmer is set to address the impact of the war in the Middle East on people in the UK as he visits a London community centre on Monday.
Ahead of the visit he said the UK is "working round the clock to keep British citizens safe" and acknowledged that Britons at home are "worried sick" for friends and family.
"Staff are on the ground to support those in need, government-provided flights are helping people get home, and our tireless armed forces are flying across the region to defend our allies and our interests," he said.
It comes amid speculation over the impact of the war on the global economy.
Earlier, Sir Keir spoke to Mr Trump on the phone about the countries' military co-operation in the region, in what appeared to be a positive signal a day after the US president lashed out at him in a social media post and suggested the UK's help was too late.
Trump has repeatedly hit out at Sir Keir's decision not to grant permission for the first wave of military action against Iran.
Recap: Everything we know so far
07:01 , Megan HoweWith the conflict now entering its tenth day, here’s a recap of everything we know so far.
The US and Israel have continued large-scale strikes on Iran, striking oil storage depots and refining facilities for the first time.
Footage captured a huge blaze at the Shahran oil depot on the outskirts of Tehran on Saturday. The Israeli military claimed responsibility for striking the fuel storage.
At least 1,332 people have been killed since Israel and the US launched attacks on February 28.
US President Donald Trump has continued with his demand for an “unconditional surrender” from Iran.
Late on Saturday, he stated that the war would continue for “a little while”, but stressed that Washington was not looking “to settle with Tehran”.
As the war escalates, stock markets have slumped and oil prices have soared to about $114 dollars (£85.5p) the biggest jump in six years.
After Iran's supreme leader was killed in an Israeli strike at the start of the war, his son Mojtaba Khamenei was named as his successor on Sunday,
The move is likely to draw the ire of US President Donald Trump, who has previously said he would be an "unacceptable" pick.
Good morning
06:49 , Megan HoweGood morning and welcome to The Standard’s live blog on the US-Iran war.
With the conflict now entering day 10, the US and Israel are continuing their strikes on Iran, this time hitting oil storage depots and refining facilities for the first time.
Iran has said the US will pay for waging war and continued its retaliatory strikes on Israel and US military assets in Kuwait, Qatar, Saudi Arabia and the United Arab Emirates.
Follow our live blog for the latest updates.
