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How do sanctions affect the UK?
New American sanctions on Iran could disrupt global oil supplies, potentially pushing up energy prices in the UK. This might mean higher costs for businesses and consumers, impacting everything from transport to manufacturing. The government monitors these global events closely.
Stories that explain this
US warns countries to cut Iran ties or face sanctions Pound slips against the dollar ahead of new US sanctions on Iran UK top stock index rises 0.2% as mining companies offset Iran fearsRelated explainers
What affects your pension? Why do countries use sanctions? What are sanctions? Why does the US sanction Iran? Why does the Bank of England raise rates? Why are energy prices falling? What is the global economy? What are global financial markets?The full catalogue
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