The UK Government has approved the use of its bases for the US to launch strikes on Iranian sites targeting the Strait of Hormuz.
This comes after US President Donald Trump called Nato allies “cowards,” saying it would be “easy” for them to help open the vital shipping lane, which transports around 20% of the world’s oil.
Downing Street had previously allowed American forces to use British bases for operations to prevent Iran from firing missiles that put British interests or lives at risk.
Meanwhile, Iran has told the UK that allowing the US to use British military bases will be considered “participation in aggression.”
The report says energy fears have kept oil prices high, hovering around $109 a barrel.
The head of the International Energy Agency told the BBC that the world faces the “greatest global energy security challenge in history.”
