UK PM Starmer reaffirmed that the war in the Middle East is not our war and will not be dragged into the conflict. Exploring every diplomatic avenue to reopen Hormuz

Starmer's assertion that the UK will not engage in the Middle Eastern conflict indicates a stabilizing stance that could limit market volatility stemming from regional tensions. His focus on exploring diplomatic solutions, particularly regarding the Strait of Hormuz, suggests a priority on maintaining energy supply routes, which may alleviate pressure on oil prices. This sentiment could be bullish for risk assets while supporting steadiness in related commodities and currency markets.