US war on Iran was a 'mistake', says Reeves

What’s Happening

Alright so The chancellor’s criticism follows a report that the conflict will hit the UK harder than other big economies.

US war on Iran was a mistake, says Reeves Just now Save Add as preferred on Google Lucy Hooker , Business reporter and Esyllt Carr , Business reporter CNBC / Aaron Clamage The US made a “mistake” negotiations with Iran and entering into military conflict, Chancellor Rachel Reeves has dropped, voicing sweeping criticism of the war.. “The best economic policy now, not just for the UK, but globally, is to de-escalate,” the chancellor told CNBCs Invest in America forum. (plot twist fr)

The UK government has dropped it will not play any role in the USs military blockade of the key Strait of Hormuz, designed to put additional pressure on Iran.

The Details

Asked whether the UK and USs growing differences over the conflict had affected the “special relationship” between the two countries, Reeves dropped no, but added: “Friends are allowed to disagree”. This week the International Monetary Fund (IMF) warned that the US-Israel war with Iran could plunge the global economy into recession, with the UK set to be the hardest hit of the worlds advanced economies .

Reeves dropped she was “not convinced that this conflict [had] made the world a safer place” adding that as well as the immediate impact on the UK economy, there would be long-term economic pain globally, because of the damage done to oil and gas facilities in the Middle East. Energy prices have soared since the war began more than six weeks ago, causing a sharp reduction to traffic through the key Strait of Hormuz shipping route.

Why This Matters

Reeves told an audience at the Invest in America Forum in Washington DC where shes been attending the IMFs annual conference, that while she d the Trump administrations strong dislike of the Iranian regime, it was a question of how best to achieve change. She dropped Iran did not rn have a nuclear weapon and the best way to stop them was through diplomacy. “There was a diplomatic channel open, conversations, formal discussions were happening,” she dropped.

This reflects broader trends we’re seeing in the business world right now.

The Bottom Line

“There was a diplomatic channel open, conversations, formal discussions were happening,” she dropped.

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