UK Chancellor Reeves is to deliver speeches to set out a responsible plan to see households and businesses through the Iran war fallout, according to the FT citing sources; the Chancellor will also set out measures in June to boost growth

The UK Chancellor's upcoming speeches signal a proactive governmental stance in response to the fallout from the Iran war, aimed at supporting households and businesses. This could imply potential fiscal measures or energy strategies that might influence commodity markets, particularly energy prices like WTI, and set the stage for growth initiatives in June. Market participants should monitor how these developments might affect risk sentiment and commodity valuations.