UK’s Reeves Says World Is No Safer Since US Attacked Iran

Article content(Bloomberg) — UK Chancellor of the Exchequer Rachel Reeves said the world is no safer than it was before the US and Israel attacked Iran, in a sign of growing tensions between Donald Trump’s administration and its allies.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentReeves said Wednesday that it was “a mistake” to start the war rather than continue talks with the Iranian regime. Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentIt’s “not been clear over the last six weeks or so, what exactly the aim of this conflict is,” the chancellor said at a CNBC event on the fringes of the International Monetary Fund and World Bank spring meetings in Washington. She added: “I’m not convinced that this conflict has made the world safer.” Article contentArticle contentReeves’ remarks laid bare the extent to which the fighting has strained relations between the US and key European allies, as it causes turmoil in global supply chains and energy markets. Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentHer visit to Washington arrives against a darkening economic backdrop for the UK. While Reeves is pitching her “securonomics” vision in the US, the IMF’s latest forecasts suggested her country — which is heavily reliant on energy imports — will be the hardest hit of any major advanced economy by the war in Iran. Article contentShe is set to meet with US Treasury Secretary Scott Bessent later today. He told British media that the Iran war is worth a “small bit of economic pain,” ahead of what is likely to be a tense encounter with his UK counterpart.Article contentThe UK was one of a number of countries to sign a joint-statement on Wednesday warning of the economic impact of the conflict.Article contentReeves said a diplomatic channel was open with Tehran before the war and that it was a “a mistake to end” the talks. However, she played down the longer-term impact of disagreements with the US.Article content“You don’t always have to agree on everything, and actually, when you are friends, you can speak your truth,” she said.Article contentWhile in Washington Reeves is planning to meet finance ministers and bosses including JP Morgan chief executive Jamie Dimon and Vanguard president Gregory Davis.Article content—With assistance from Fran Wang.Article content(Updates with Reeves comments throughout.)Article contentTrending Trump isolation deepens on world stage as allies rebuff, condemn PMN Business The Great Correction: not even Wayne Gretzky's hometown could escape the crash of the 'exurbs' Real Estate Posthaste: What Mark Carney's gas tax cut could mean for the Bank of Canada News Forcing people to pay a moral tax if they leave the country won't inspire them to stay Personal Finance What is Anthropic's Mythos AI model and why does it have the financial world in a panic? Innovation Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Trump isolation deepens on world stage as allies rebuff, condemn PMN Business The Great Correction: not even Wayne Gretzky's hometown could escape the crash of the 'exurbs' Real Estate Posthaste: What Mark Carney's gas tax cut could mean for the Bank of Canada News Forcing people to pay a moral tax if they leave the country won't inspire them to stay Personal Finance What is Anthropic's Mythos AI model and why does it have the financial world in a panic? Innovation