Liz Truss made headlines after her brief stint as UK PM ended in October 2022 amid a government crisis. She’s a former Conservative leader born in 1975.
Reform UK has attracted high-profile former Conservative ministers, including Suella Braverman, amid criticism of the party's past policies and leadership. The defections highlight ongoing political realignment and questions over the party's direction and impact on UK politics.
The conflict in the Middle East has caused oil prices to spike past $90 a barrel, the highest since 2024, driven by threats to supply routes and production halts. Markets fear prolonged disruption will fuel inflation, impact energy costs, and threaten economic stability globally, especially in the UK and Europe.
As of early April 2026, US 30-year fixed mortgage rates have climbed to 6.37%, up from under 6% six weeks ago, driven by the Iran war's impact on energy prices and inflation fears. This rise is slowing US home sales and mortgage applications during the spring buying season. In the UK, house prices fell 0.5% in March, slipping below £300,000, with mortgage rates rising above 5%, signaling a cooling housing market.
Nigel Farage has invested £215,000 in Stack BTC, a London-based crypto company chaired by ex-Chancellor Kwasi Kwarteng. The investment, part of a £260,000 fundraise, gives Farage a 6.3% stake. The move aligns with Reform UK's pro-crypto stance amid UK regulatory changes.
The UK mortgage market has seen a significant decline in available deals and rising rates due to geopolitical tensions and increased swap rates. Over 200 deals have disappeared since March 6, with rates now exceeding 5.5%, impacting first-time buyers and homeowners. Experts warn rates will likely stay high as global instability persists.
A comedy sketch aired on the UK version of Saturday Night Live depicts UK Prime Minister Keir Starmer as fearful of a call from US President Trump. The skit, shared by Trump on social media, satirizes UK-US relations during the Middle East tensions and the energy crisis caused by the Strait of Hormuz blockade.
As of April 2026, the UK government is managing the economic and diplomatic fallout from the US-Israel war on Iran, which has disrupted global oil supplies via the Strait of Hormuz. Prime Minister Sir Keir Starmer faces strained relations with US President Donald Trump over UK non-involvement in offensive strikes. The government is implementing targeted cost-of-living support, including a £1 billion Crisis and Resilience Fund and energy price cap reductions, while urging de-escalation and closer ties with Europe.
G7 ministers are meeting via videoconference to address the economic impact of the Middle East conflict, focusing on soaring energy prices, supply disruptions, and US war aims. The meeting aims to coordinate responses and clarify US objectives as tensions escalate and oil markets remain volatile.
President Trump has publicly criticized NATO, claiming the alliance has failed to support the US during its military actions against Iran. He suggests the US no longer needs NATO's protection, citing perceived lack of support and the high costs of defending allies. The comments follow ongoing military strikes and diplomatic tensions related to Iran.
The annual conservative conference CPAC in Texas saw notable absences, including Donald Trump, amid shifting dynamics within the Republican Party. Discussions focus on future leadership, Iran, and the party’s direction post-Trump, with new figures like Liz Truss making appearances and debates about the party's ideological future.
The UK and US are adjusting their economic policies amid the Iran war, which is causing global energy and financial instability. UK officials are expanding support schemes for businesses, while warning of rising costs and geopolitical risks affecting markets and energy supplies.