Skip to content
Wednesday 19 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,728.04
+0.07%
DAX
26,128.36
-0.80%
CAC 40
8,509.36
-0.82%
STOXX 50
6,468.17
-0.95%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Sunday 08 March 2026 9:38 am  |  Updated:  Sunday 08 March 2026 4:23 pm

Israel expands strikes on Iranian oil as Trump hits out at Starmer

By: Felix Armstrong

Retail Reporter

Add as a preferred source on Google
Breaking news graphic with bold text and abstract design elements on a digital backdrop, emphasizing timely updates
US-Israel strikes hit oil facilities in Tehran (Arileza Sotakbar/ISNA via AP)

Israel expanded its attacks on Iranian oil facilities as President Trump hit out at the Prime Minister, telling Keir Starmer he doesn’t need the UK’s military support.

The boss of Iran’s oil distribution company told state TV five sites were “damaged” but that the fires have been brought under control. 

The chief executive of the National Iran Oil Products Distribution Company told state TV: “Last night, four oil depots and a petroleum products transport centre in Tehran and the Alborz were attacked by enemy aircraft.”

Footage of the strikes showed huge flames and smoke engulfing Iran’s capital.

President Donald Trump ramped up his criticism of Keir Starmer’s refusal to back the initial US-Israel strikes on Iran, while Home Secretary Yvette Cooper defended the Prime Minister’s “calm, steady decision making”.

In a Truth Social post on Saturday night, President Trump claimed the UK was giving “serious thought” to sending two aircraft carriers to the Middle East. 

The President wrote: “That’s OK, Prime Minister Starmer, we don’t need them any longer – But we will remember.

“We don’t need people that join Wars after we’ve already won!”

The UK government has defended its decision not to back proactive strikes on Iran, saying it does not support a wider offensive in the Middle East.

But Starmer has approved the US’ use of UK army bases for “defensive” action against Iranian missile sites.

Read more

Trump suspends strikes amid new peace hopes

Donald Trump speaking at press conference podium, addressing media with serious expression, American flags in background

The pair spoke in a phone call on Sunday afternoon, following Trump’s criticism of the Prime Minister, in the first meeting between the leaders in eight days.

The Prime Minister and the President discussed “the military cooperation between the UK and US through the use of RAF bases in support of the collective self-defence of partners in the region,” Downing Street said.

Figures in the region have warned the conflict could have devastating effects on global energy prices and inflation, with Qatar’s energy minister saying the war could “bring down the economies of the world”. 

Speaking to Times Radio on Friday morning, Octopus founder Greg Jackson said global markets were “in turmoil”. 

Home Secretary defends Starmer 

Yvette Cooper defended the Prime Minister’s decision not to take part in the US and Israel’s initial attacks on Iran, praising Starmer’s “cool-headed” approach. 

“We disagreed on the initial strikes that took place, and whether the UK should provide the basing support for them, but that is a legitimate thing for the UK Prime Minister to do,” the Home Secretary told Sky News’ Sunday Morning with Trevor Phillips.

Cooper also responded to alleged criticism of Starmer’s refusal to back the war made by former Prime Minister Tony Blair at a Jewish News event on Saturday – though Sir Tony said these remarks were made off the record.

The Home Secretary said: “There are some people in politics who think that we should always agree with the US whatever.

“There are other people in politics who think we should never take action with the US again whatever the circumstances. I don’t think either of those positions is in the UK national interest, and it is the responsibility for Keir Starmer to act in the UK’s national interest for British citizens.”

Speaking on Sky News on Sunday, Shadow Home Secretary Chris Philp accused the government of a “dereliction of duty” for not moving forces to the Mediterranean and the Gulf in advance of the US-Israel strikes.

Read more

As it happened: FTSE 100 recovers after oil surge dampens mood; Strikes in the Strait of Hormuz

Donald Trump speaking at a political rally, surrounded by supporters, emphasizing key points in a vibrant, dynamic setting

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

People & Organisations

  • Donald Trump
  • Iran
  • iran conflict
  • Israel
  • Keir Starmer
  • UK Government
  • United States

Trending Articles

  • As it happened: FTSE 100 drops as oil prices rise after Trump makes Hormuz threat

  • Jobless Banquet: Youth unemployment surge ‘sends Neets to KFC’

  • US bond market jitters spark UK economy recession warning

  • Monzo chair makes early exit after boardroom rift

  • Aldi boss wades into supermarket ‘price-gouging’ row

More from Morning Wire

  • Trump suspends strikes amid new peace hopes

    Politics
    Donald Trump speaking at press conference podium, addressing media with serious expression, American flags in background
  • As it happened: FTSE 100 recovers after oil surge dampens mood; Strikes in the Strait of Hormuz

    Markets
    Donald Trump speaking at a political rally, surrounded by supporters, emphasizing key points in a vibrant, dynamic setting
  • As it happened: Intel, Arm shares slide; Oil climbs higher

    FTSE 100 Live
    Donald Trump smiling and holding a small golden ball, wearing a blue suit and red tie.
  • Strait of Hormuz ‘closed’ as Iran and US exchange strikes

    Economics
    Bustling shipping activity in the Strait of Hormuz with tankers and cargo ships navigating Iranian waters.
  • As it happened: FTSE 100 slump as oil soars; Trump says Iran will be ‘hit hard’ tonight

    Markets
    Breaking news article with a focus on general updates and engaging content displayed professionally on a business website
  • Oil price falls but Trump and Iran clash on negotiations claim

    Markets
    Donald Trump smiling in a blue suit and tie with an American flag pin, US flag in background
  • Trump reinstates US blockade of Strait of Hormuz

    Markets
    Iranian military vessels patrol the strategic Strait of Hormuz amidst escalating tensions in the region
  • Burnham’s cost of living push under threat as oil hits $100

    Markets
    Two men stand in the ocean with multiple oil tankers and cargo ships in the hazy distance.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook