The longer the Iran conflict lasts, the more likely it is that there will be an effect on the economy, Sir Keir Starmer has warned.
Speaking at a community centre in London, the prime minister said he understood people's anxiety and that his government was "assessing the risks, monitoring and talking to our international partners" about reducing the "impact on people here".
He argued that the economy was in a better place to withstand a shock to energy supply than in 2022, when Russia's invasion of Ukraine led to prices soaring.
Global oil prices have surged in recent days over fears the US-Israeli war with Iran could lead to lengthy disruption to energy supplies.
The rise has prompted the G7, a group made up of the richest nations, to hold an emergency meeting to discuss the economic impact of the conflict.
