Ed Davey urges immediate 10p cut to fuel duty

Sir Ed Davey, the United Kingdom’s Secretary of State for Energy Security and Net Zero, attributed the recent rise in fuel prices and broader economic strain to the conflict initiated by former U.S. President Donald Trump’s policy toward Iran. In a statement to Parliament on Tuesday, Davey warned that the escalation of hostilities in the Middle East has disrupted global oil supplies, leading to higher wholesale prices that are being passed on to British consumers and businesses.

The minister highlighted that the war has curtailed shipments from the Persian Gulf, a key conduit for crude oil, and has intensified market volatility, compounding inflationary pressures already affecting the UK economy. Analysts noted that while the United Kingdom does not have direct involvement in the U.S.–Iran confrontation, its reliance on imported energy makes it vulnerable to such geopolitical shocks. Davey called for coordinated international diplomatic efforts to de‑escalate the situation and stabilize energy markets, emphasizing the need to protect the UK’s economic stability and household budgets.