The UK has recently tracked three Russian submarines, including an Akula class nuclear-powered vessel and two GUGI submarines, for over a month in the North Atlantic. This operation underscores the increasing military presence of Russian vessels in UK waters, which has seen a 30% rise over the past two years.

The monitoring took place within the exclusive economic zone that extends up to 200 nautical miles from the UK coastline. The Royal Navy deployed a Type 23 frigate, HMS St Albans, alongside RAF P8 aircraft to ensure 24/7 surveillance of the Russian submarines during this operation.

Approximately 500 UK personnel were involved in the monitoring efforts, demonstrating the UK’s commitment to safeguarding its maritime interests. John Healey, the UK Defence Secretary, emphasized the importance of protecting vital subsea fibre optic cables, which are crucial for 99% of international data traffic.

Healey stated, “We see your activity over our cables and our pipelines, and you should know that any attempt to damage them will not be tolerated and will have serious consequences.” This statement reflects the UK’s heightened alertness to potential threats posed by Russian military operations.

In response to the growing threats, the UK government plans to increase defense spending to 2.6% of GDP by 2027. Additionally, a £100 million investment has been allocated to support the P8 submarine hunting aircraft, further enhancing the UK’s naval capabilities.

Keir Starmer, the leader of the Labour Party, remarked, “I am determined to protect the British people from paying the price for Putin’s aggression in their household bills.” This highlights the broader implications of military tensions on domestic issues.

As of now, the GUGI submarines have left UK waters and headed back north, according to Healey. However, the situation remains dynamic, and further developments are anticipated as the UK continues to monitor Russian naval activities.

The Russian operation has reinforced the UK government’s view of Moscow as a primary threat to both the UK and NATO. Details remain unconfirmed regarding future Russian submarine deployments in the region.

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On March 10, 2026, oil prices experienced a notable decline, falling to approximately $91.70 a barrel following remarks from former President Donald Trump, who suggested that the Iran war could conclude “very soon.” This statement has prompted market reactions, with Brent crude previously surging to a high of $119.50 a barrel before retreating below the $90 mark.

The Strait of Hormuz, a critical passage for global oil and gas transport, sees about a fifth of the world’s oil and seaborne gas tankers. Trump’s comments have led to a temporary lift in sanctions on certain oil-producing countries, aimed at stabilizing energy prices amidst ongoing tensions.

Geopolitical Context

The backdrop to these developments includes the US and Israel’s joint military strikes on Iran, initiated on February 28, 2026. Iran has responded with threats to halt oil exports entirely if attacks continue, stating it would not allow “one litre of oil” to be exported.

Market analysts warn that if the Strait of Hormuz remains closed for an extended period, crude oil prices could escalate to $150 or even $200 a barrel. The conflict has already caused significant disruptions in global energy markets, with predictions suggesting oil prices could stabilize at around $135 a barrel if the conflict persists for four months.

In response to Trump’s comments, the FTSE 100 index opened higher by approximately 1.4%, reflecting investor optimism regarding a potential resolution to the conflict. However, the overall impact on global energy supplies remains uncertain, particularly given the ongoing Israeli strikes on Iranian oil facilities.

Trump has asserted that the US has “already won in many ways” in its conflict with Iran, but the long-term ramifications of the war on global oil prices and energy security are still unclear. Details remain unconfirmed regarding which specific countries will benefit from the sanctions relief announced by Trump.

As the situation evolves, the international community continues to monitor the potential for further escalation and its implications for global energy markets.

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