UK considers speed limits, oil demand curbs amid Iran crisis

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Published: 2 hours ago

UK government drafts contingency plans including lower speed limits and work-from-home measures to reduce oil demand as Middle East crisis threatens global supplies. International Energy Agency recommends emergency measures despite no current UK fuel shortages. GBP could face pressure as energy security concerns signal economic vulnerability. Oil supply disruptions typically strengthen USD while weakening commodity-dependent currencies, making GBP/USD particularly sensitive to escalating geopolitical tensions.

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