The cost of war becomes Reeves’ nightmare

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As oil prices climb again - with neither the US nor Iran backing down over the re-opening of the Strait of Hormuz - what can the Prime Minister do to ease the economic strain?

Later today Keir Starmer will convene an emergency COBR meeting to assess the cost-of-living impacts of the Iran war and consider if the government can further support households with a potential energy crisis looming.

Sam and Anne examine the economic challenges facing the PM and the Chancellor, what role Britain is really playing in the conflict and how long could it go on for.

Elsewhere, does the Home Secretary have multiple headaches over the Hillsborough law and a deal with the French to curb migrant crossings over the English Channel?

(c) Sky News 2026: The cost of war becomes Reeves’ nightmare