UK PM Starmer pull Chagos deal after Trump backlash

The report indicates UK PM Starmer's decision to halt the Chagos Islands deal, primarily due to backlash following Trump's comments.

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CRUDE WRAP: WTI (H6) SETTLES USD 1.71 HIGHER AT USD 61.07/BBL; BRENT (H6) SETTLES USD 1.82 HIGHER AT USD 65.88/BBL

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UK PM Starmer pull Chagos deal after Trump backlash

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  • Plans to hand islands to Mauritius ‘cannot progress’ amid concerns over 1966 treaty between UK and US.
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This could affect diplomatic relations with the U.S. and may lead to volatility in related currencies like GBP and USD as markets assess the implications for bilateral ties and any potential shift in foreign policy.

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