UK Allows US Base Use Against Iran
Analysis based on 25 articles · First reported Mar 01, 2026 · Last updated Mar 02, 2026
The escalating tensions and military actions in the Gulf region, particularly the United Kingdom's decision to allow the United States to use its bases for strikes against Iran, are likely to increase geopolitical risk premiums. This could lead to higher oil prices due to supply concerns and increased demand for safe-haven assets, negatively impacting global equity markets and potentially causing volatility in currencies of affected nations.
British Prime Minister Keir Starmer announced that the United Kingdom has accepted a request from the United States to use British military bases for defensive strikes against Iranian missiles. This decision comes after Iran launched sustained attacks across the Gulf region, hitting airports, hotels, and a military base in Bahrain, endangering British citizens and allies. Starmer emphasized that the United Kingdom would not join offensive actions, distinguishing its role from the initial joint US-Israel air strikes that killed Iran's Supreme Leader Ali Khamenei. The move is intended to destroy Iranian missiles at their source in storage depots or launchers, in accordance with international law and for the collective self-defense of allies and protection of British lives. France and Germany have also expressed readiness to take defensive action against Iran.
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