The risk of war in Iran is escalating. British Prime Minister Johnson will convene an emergency economic meeting on Monday to discuss countermeasures.

The British government has stated that Prime Minister Stammer will chair an emergency meeting on Monday to discuss the economic impact of the Iran war, with Chancellor Rives and Bank of England Governor Bailey in attendance. Investors are preparing for another volatile week in the financial markets after Iran threatened to attack the energy and water systems of Gulf neighbors if Trump follows through on his threat to disrupt the power grid. Britain is particularly concerned about this. The country's heavy reliance on natural gas imports, persistent high inflation, and strained public finances have led to a greater drop in British bonds compared to other countries' government bonds. The UK Treasury stated ahead of the so-called "COBRA" meeting on Monday that "expected topics for discussion include: the economic impact of this crisis on households and businesses, energy security, industrial and supply chain resilience, and international community response measures."