Keir Starmer said the UK will lead a diplomatic push to reopen the Strait of Hormuz amid an escalating US-Israel-Iran confrontation, warning the dispute could derail global economies and fracture the transatlantic alliance. Closure or disruption of the Strait risks major interruptions to oil shipments and supply chains, likely prompting upside pressure on oil prices and risk-off moves across markets.
Keir Starmer said the UK will lead a diplomatic push to reopen the Strait of Hormuz amid an escalating US-Israel-Iran confrontation, warning the dispute could derail global economies and fracture the transatlantic alliance. Closure or disruption of the Strait risks major interruptions to oil shipments and supply chains, likely prompting upside pressure on oil prices and risk-off moves across markets.
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