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Story summary
- UK Prime Minister Keir Starmer said the government is engaging with international partners to mitigate the ongoing Iranian crisis.
- He warned a prolonged conflict could harm the economy as borrowing costs rose with oil and gas prices.
- Finance Minister Rachel Reeves is in daily discussions with the Bank of England to address energy price risks.
- The government will monitor and manage the situation closely while pursuing de-escalation and economic resilience.
