Confidence in UK's energy supply despite Iran conflict

ED Miliband is confident the country’s energy supply is robust despite the conflict in the Middle East disrupting oil and gas shipping lanes.

- WIKTOR SZYMANOWICZ

The Energy Secretary defended the Government's policy not to allow new North Sea exploration licences, and said they would not make any difference to energy bills.

Mr Miliband said more green energy would solidify the country's energy supplies, meaning the UK is less reliant on other countries.

He also said it would futureproof the UK against economic shocks, as he attributed half of the recessions of the last 50 years to fossil fuel price crises.

It comes as the conflict in Iran has seen shipping in the Strait of Hormuz, which links the Gulf to the Arabian Sea, “significantly” reduce due to attacks.