Yvette Cooper has condemned Iran's recklessness over the Strait of Hormuz, accusing the regime of attempting to hold the global economy hostage. The Foreign Secretary held talks with representatives from over 40 countries, demanding the immediate and unconditional reopening of the vital shipping route.
The Iranian regime's effective blockade, in retaliation to US and Israeli strikes, has sent global oil prices surging and raised fears of shortages. Before the crisis, over 150 tankers a day passed through the Strait; in the last 24 hours, only five vessels have made the journey.
Cooper noted that Iran's actions are hitting trading routes for Kuwait, Bahrain, Qatar, the UAE, Saudi Arabia, Oman, and Iraq, affecting liquid natural gas for Asia, fertiliser for Africa, and jet fuel worldwide. She warned that this recklessness is impacting mortgage rates, petrol prices, and the cost of living in the UK and globally.
A statement after the meeting raised the prospect of further sanctions on Iran and diplomatic pressure through the United Nations. Allies discussed coordinated economic and political measures, including sanctions, if the Strait remains closed.
Cooper also confirmed that military planners from participating countries will hold separate talks to examine de-mining the Strait of Hormuz and other defensive capabilities once the conflict eases.
