In a fresh escalation of the conflict in the Middle East, Donald Trump has expressed his desire to "take the oil in Iran". This statement was made during an interview with the Financial Times, where the US President stated his hope to have a similar level of control over Iranian oil as he does over Venezuela.

This stance has generated great uncertainty in international markets, especially in the energy sector, and has revived geopolitical tensions in the region.

The price of Brent crude oil has experienced a significant increase, once again exceeding $115 per barrel. This increase is largely attributed to the uncertainty generated by Trump's statements and the instability in the region.

The oil market reacts sensitively to any event that could affect supply, and the threats of military intervention in Iran have exacerbated this volatility.

Maritime expert Lars Jensen told The Times that the impact of this oil 'shock' could be "substantially larger" than that experienced in the 1970s. Jensen added that even if the Strait of Hormuz opened tomorrow, prices would remain high for six to twelve months.

This warning underscores the seriousness of the situation and the potential global economic impact of the tensions in the Middle East.

In addition to the situation in Iran, other factors are affecting financial and energy markets. These include the results of Boohoo, as well as changes in the financial leaders of Robert Walters and Fullers.

Likewise, housing purchase demand has decreased due to the rise in mortgage rates, reflecting the impact of the crisis on different economic sectors.

Various political figures and business leaders have reacted to the situation. Reeves and Miliband urge the G7 to follow the UK's lead on energy. In addition, summits have been convened with Starmer to analyze the situation.

Meanwhile, a Labour minister has stated that "there is no need to take action" on fuel taxes, indicating an ongoing debate on economic policy in the context of the crisis.