Isle of Man Government welcomes Middle East ceasefire

Iran's foreign minister is due in Pakistan tonight, raising suggestions of further peace talks with the US.

Meanwhile, news broke this week that Israel and Lebanon had agreed a three-week pause in fighting with Iran-backed Hezbollah.

The Manx government says it hopes the armistice will provide greater stability and space for continued diplomatic efforts.

However, it adds it recognises that the situation is still 'fragile' and that global events can continue to have wider economic impacts. 

In an update this afternoon, government says officials are liaising with industry and charity representatives to inform the potential actions ministers may take.

Treasury Minister Chris Thomas told Tynwald: ‘If intervention is required, responses will be precise, targeted and evidence based, aligned with broader economic and anti-poverty strategies.

'Effectiveness and fiscal responsibility remain critical, given the long-term uncertainties we face and the importance of maintaining a sustainable public purse.’

The Isle of Man Government says it will to continue to monitor the situation and that there are no issues with fuel supplies to the Island. 

It adds: "Petrol, diesel, aviation fuel and home heating oil continue to be delivered as normal, and local suppliers remain confident in supply arrangements. 

"While global energy markets remain volatile, there is no disruption to availability on the Isle of Man.

"Further updates will continue to be provided through established channels, including Tynwald where appropriate."