HM Treasury published a joint statement from the finance ministers of the United Kingdom, Australia, Japan, Sweden, Netherlands, Finland, Spain, Norway, the Republic of Ireland, Poland and New Zealand welcoming the announced ceasefire between the United States, Israel and Iran and calling for full implementation. The ministers warned that renewed hostilities, continued disruption in the Strait of Hormuz or a widening of the conflict would increase risks to global energy security, supply chains, and economic and financial stability, and noted that impacts on growth, inflation and markets will persist even with a durable resolution. The statement commits governments to a coordinated approach to managing the economic response and recovery, with any domestic measures to be fiscally responsible and targeted at those most in need given constrained public balance sheets. It reaffirms support for open, rules-based trade in energy products and commits to avoiding protectionist actions, including unjustified export controls, stockpiling and other trade barriers in hydrocarbon and other affected supply chains, alongside continued reforms to strengthen resilience and accelerate long-term energy diversification through the clean energy transition and improved energy efficiency. It also encourages the IMF-World Bank-International Energy Agency coordination group to develop a shared assessment of global economic impacts, and calls on the International Monetary Fund and World Bank to provide a coordinated emergency support offer for countries in need, tailored to circumstances and drawing on the full range of available tools. Separately, the ministers reaffirmed support for Ukraine and stated they will continue collaborating on ways to increase economic pressure on Russia as market conditions allow without exacerbating supply chain and energy price disruptions.
HM Treasury 2026-04-15
United Kingdom's HM Treasury joins 10 finance ministries in backing United States Israel Iran ceasefire and committing to coordinated economic response
HM Treasury published a joint statement by finance ministers from 12 countries welcoming the ceasefire between the United States, Israel and Iran, warning that renewed hostilities or disruption in the Strait of Hormuz would heighten risks to global energy security, supply chains and financial stability. The ministers committed to a coordinated, fiscally responsible response, support for open, rules-based energy trade and accelerated diversification, and called on the IMF, World Bank and IEA to assess global impacts and prepare emergency support. They also reaffirmed support for Ukraine and pledged to keep increasing economic pressure on Russia without worsening supply chain and energy price disruptions.