{"id":476836,"date":"2026-03-15T11:27:10","date_gmt":"2026-03-15T11:27:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/476836\/"},"modified":"2026-03-15T11:27:10","modified_gmt":"2026-03-15T11:27:10","slug":"uk-looking-at-options-to-help-secure-key-oil-route-strait-of-hormuz-miliband-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/476836\/","title":{"rendered":"UK looking at options to help secure key oil route Strait of Hormuz, Miliband says"},"content":{"rendered":"<p>We expect government help in a crisis. Will Reeves intervene on energy bills?published at 08:55 GMT<\/p>\n<p>08:55 GMT<\/p>\n<p class=\"ssrcss-3u1n9h-Contributor etflsgg2\"><img decoding=\"async\" alt=\"\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/07\/815986ae-eacf-4b3e-8756-65c5e22de395.jpg.webp.webp\" width=\"64\" height=\"64\" class=\"ssrcss-egie1y-Image edrdn950\"\/>Laura Kuenssberg<br \/>Presenter, Sunday with Laura Kuenssberg<\/p>\n<p>      <img decoding=\"async\" alt=\"Rachel Reeves in the Commons.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/cadcaa51-8ea5-44c3-920f-5f5c000bd3ae.jpg.webp.webp\"  width=\"976\" height=\"549\" class=\"ssrcss-egie1y-Image edrdn950\"\/>Image source, PA Media<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">How big is the blowback from the Iran conflict likely to be on us? &#8220;Insanely profound,&#8221; answers one government source. &#8220;Huge,&#8221; says another.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Which begs the question: what are the prime minister and chancellor going to do about it?<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">This week Prime Minister Sir Keir Starmer vowed working families were always at the top of the list. It is possible that a crippling spike in energy costs is on the way.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">So are we careering towards the government writing another enormous cheque to prop up families and firms in the name of a crisis?<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">When missiles started dropping a fortnight ago, Chancellor Rachel Reeves switched the focus of a weekend working on her planned Spring Statement to a weekend of starting to plot what the effect of a new conflict in the oil-rich Middle East might be, and what the government might consider doing in response.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Reeves soon asked her top official to create an Iran response board to pull together what the government could do to protect the economy from the worst possible effects of the war and spiralling oil prices &#8211; as well as families&#8217; energy bills.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But how does the government protect consumers and companies if the price of oil stays sky-high for a long time?<\/p>\n<p><img decoding=\"async\" alt=\"A graph showing how US-Israeli war with Iran has moved oil prices, a spike around March 9.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/47fe081d-a496-4aec-8dce-94995439062e.png.webp.webp\"  width=\"976\" height=\"976\" class=\"ssrcss-egie1y-Image edrdn950\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"We expect government help in a crisis. Will Reeves intervene on energy bills?published at 08:55 GMT 08:55 GMT&hellip;\n","protected":false},"author":2,"featured_media":476837,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[49,50,51,47,52,48],"class_list":["post-476836","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/476836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=476836"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/476836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/476837"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=476836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=476836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=476836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}