The U.K. Finance Minister Rachel Reeves has urged immediate de-escalation in the Middle East conflict, warning that the ongoing war is damaging global economic stability.
Speaking in Washington, D.C., Reeves criticized the Trump administration’s handling of the Iran war, saying its objectives have been unclear and inconsistent, as reported by CNBC.
UK finance minister Rachel Reeves blasts Trump administration over economic impact of Iran war https://t.co/BHgSwp8kW0
— CNBC (@CNBC) April 15, 2026
Reeves said the conflict has not made the world safer and highlighted long-term damage to critical oil and gas infrastructure in the region. According to her, even a swift end to hostilities would not undo the economic fallout.
The International Monetary Fund has warned that the U.K. could face the sharpest growth slowdown among major economies due to rising energy costs linked to the conflict. Reeves expressed confidence the U.K. can outperform those projections if tensions ease.
She stressed that reopening the Strait of Hormuz and returning to diplomatic talks would be the most effective path to stabilizing markets and restoring global economic confidence.
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