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flag UK plans anti-price-gouging measures amid rising fuel costs tied to Iran conflict.

flag Chancellor Rachel Reeves is introducing an anti-profiteering framework to shield UK consumers from unfair price hikes amid rising fuel costs tied to the Iran conflict. flag She will present the plan to MPs after an emergency Cobra meeting, aiming to empower the Competition and Markets Authority with temporary, targeted powers to combat price gouging. flag The government is also exploring government-backed indemnities to accelerate nuclear energy projects and reduce reliance on volatile fossil fuels. flag Prime Minister Keir Starmer emphasized the UK’s focus on national interests, warned the conflict could continue, and confirmed a delayed defence investment plan is under review, with potential for closer EU defence cooperation. flag Meanwhile, HMS Dragon has arrived in the eastern Mediterranean to support Cyprus’s defence.

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