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Reeves Calls US Iran War Folly, Cites Energy Rise

5/5/2026

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Story summary
  • Rachel Reeves (Chancellor of the Exchequer) denounced the U.S. war in Iran as a folly, warning it will raise energy bills.
  • An Ipsos poll in early April showed 65 % of the British public disapproved of the war, leading Prime Minister Keir Starmer to say it drives energy costs and to urge de-escalation.
  • Downing Street said the chancellor and the U.S. Treasury Secretary have since had constructive conversations despite the dispute.