- Chancellor Rachel Reeves says that Britain is not at war despite increasing RAF presence in the Middle East amid escalating conflict between Iran and Israel.
- However, she says the UK could play a military role in defending Israel from Iranian attacks.
- Ms Reeves said the UK has supported Israel in the past against missile attacks and is currently deploying assets to protect itself and potentially support its allies.
- Iran and Israel have exchanged heavy missile strikes, with casualties reported on both sides, following Israeli attacks on Iran's nuclear programme and armed forces last week.
- The conflict has caused a 10 per cent increase in oil prices and threatens key trade routes like the Strait of Hormuz, potentially impacting UK household finances.
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