The UK called for de-escalation as Mr Trump considered whether to launch a devastating strike against Iran’s infrastructure.

Chancellor Rachel Reeves said contingency planning was under way to deal with the economic fallout from the Middle East crisis.

The Kingston upon Hull East MP said he had no notification from the whips about the sanction.

Prime Minister Sir Keir Starmer will gather senior ministers and officials for talks on the economic impact of the Middle East crisis.

Bosses from oil firms, shipping companies and banks were invited to Downing Street for crisis talks.

US president Donald Trump has threatened to wipe out Iran’s oil infrastructure unless a deal is done to open the Strait of Hormuz.

Bosses from energy firms including BP and Shell and representatives from shipping and banking firms will meet Sir Keir Starmer.

The UK wants an annual cap on the number of European Union citizens who can take part in the planned programme.

The Chancellor updated MPs on the economic impact of the Middle East crisis, which has pushed up oil and gas prices.

Defence Secretary John Healey said he was proud of the UK armed forces for their role in the French operation in the Mediterranean.

The Communities Secretary claimed the response on doorsteps ‘has been more positive than the opinion polls’ suggest.

Mr Miliband said pricing needs to be ‘fair, transparent and fully justifiable’.

Defence sources played down the prospect of countries being willing to risk their warships under the current threat of attack from Iran.

Sir Keir Starmer insisted he would not allow the UK to be drawn into a wider war as Donald Trump maintained his criticism of allies.

Ukraine’s president Volodymyr Zelensky set out how his country had expertise in defending against the Shahed drones used by Iran and Russia.

Ukrainian President Volodymyr Zelensky also met the King during his visit to the UK.

The Chancellor said closer alignment would provide certainty to businesses and could help bring down inflation.

The Chancellor hopes the plan will help drive economic growth in regions across the country.

Prime Minister Sir Keir Starmer said he wanted to work with allies on a ‘viable collective plan’ but Donald Trump said he was unhappy with the UK.