Starmer insisted he would not yield to Trump's threats to scrap the UK-US trade deal amid escalating tensions over the Iran war. Trump criticized the UK's North Sea oil drilling and immigration policies, warning of potential changes to the trade agreement. The UK government maintained ongoing trade discussions with the US while emphasizing the multifaceted nature of the special relationship.
Iranian military threatened to shut down Red Sea trade unless the United States lifted its naval blockade on Tehran's ports, citing the risk of violating the two-week ceasefire. President Trump indicated potential negotiations could resume this week, and Iran confirmed ongoing communication with the US through Pakistan. Oil prices dropped amid hopes for a deal to restore oil flow through the Strait of Hormuz, with Trump seeking to pressure China to reopen the strait.