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Chancellor Unveils Anti-Profiteering Measures Amid Iran Crisis

3/24/2026

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Summary

Story summary

Chancellor Rachel Reeves will introduce an anti-profiteering framework to prevent companies from unfairly raising prices amid the Iran conflict.
She will present the measures to MPs in the House of Commons on Tuesday.
The emergency Cobra meeting with Sir Keir Starmer and other ministers addressed the economic fallout from the crisis and the Strait of Hormuz blockade that has pushed up global oil prices.

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Story summary

Chancellor Rachel Reeves will introduce an anti-profiteering framework to prevent companies from unfairly raising prices amid the Iran conflict.
She will present the measures to MPs in the House of Commons on Tuesday.
The emergency Cobra meeting with Sir Keir Starmer and other ministers addressed the economic fallout from the crisis and the Strait of Hormuz blockade that has pushed up global oil prices.