Foreign Secretary Yvette Cooper has signalled that Iran could face further sanctions if the Strait of Hormuz remains closed, following talks with more than 40 nations. She accused Tehran of trying to 'hold the global economy hostage' by restricting the key shipping lane, which has caused global oil prices to soar.
Speaking after a virtual meeting on Thursday, Cooper said partners called for the 'immediate and unconditional reopening' of the strait and respect for freedom of navigation. Discussions focused on increasing diplomatic pressure, including through the UN, and exploring 'co-ordinated economic and political measures, such as sanctions' if Iran continues to block the waterway.
Cooper emphasised that the UK is acting in its national interest, distancing herself from US President Donald Trump's criticism of allies. 'We've taken a different view from the US from early on and we didn't get drawn into offensive action in the Middle East,' she said, citing concerns about escalation risks and economic impact.
The Foreign Secretary noted that Iran's actions are affecting petrol prices and mortgage rates in the UK, as well as jet fuel, fertiliser, and gas supplies worldwide. Another meeting of military planners is scheduled for next Tuesday to discuss long-term shipping safety, including potential mine clearance in the strait.
