A member of Sir Keir Starmer’s top team insists there’s “no threat to oil supplies into the country” at the moment, despite prices skyrocketing.

That’s Housing Secretary and MP for Streatham and Croydon North, Steve Reed.

As the conflict in Iran continues, a barrel of brent crude now sits at $114, up by 25% since Friday.

Usually, when this happens, it affects petrol, heating and food bills.