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The Iran conflict has transformed the Strait of Hormuz into the world's most dangerous economic chokepoint, triggering an oil price shock above $100, a fertiliser and food security crisis, a destabilised UK mortgage market, and a Russian windfall — all landing on a UK economy that was already flatlining and uniquely ill-equipped to absorb another systemic blow.

Iran’s use of sanctions resistance, energy leverage, and asymmetric economic tactics forms part of a broader “economic war” that reshapes trade flows, financial stability, and geopolitical influence. For the UK, this is not a distant foreign policy matter but a material economic and security concern.

The central message is clear: the UK cannot afford to look away. A more coordinated approach, integrating economic policy, national security, and diplomatic strategy, will be essential to manage the long-term risks.