Keir Starmer and Donald Trump discuss need to reopen Hormuz Strait
BBC • • world
Key Points:
- Prime Minister Sir Keir Starmer and US President Donald Trump discussed reopening the Strait of Hormuz, emphasizing its importance for global energy market stability amid the ongoing Middle East conflict.
- Since the Iran war began on February 28, traffic through the Strait of Hormuz has decreased by about 95%, significantly impacting global oil and liquefied natural gas supplies, with crude prices rising 45% to $106 a barrel.
- Sir Keir is set to chair a Cobra meeting with key officials, including Bank of England governor Andrew Bailey, to address the war's impact on the cost of living, energy security, and economic effects on families.
- The US threatened to "obliterate" Iranian power plants if the strait is not reopened,
