Keir Starmer and Donald Trump discuss need to reopen Hormuz Strait
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.
- Traffic through the Strait of Hormuz has decreased by approximately 95% since the Iran war began on 28 February, 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 the Bank of England governor, to address the war's impact on the cost of living and energy security in the UK.
- Iran has effectively blocked the strait following US and Israeli attacks, with Tehran threatening to target US-linked energy sites if the US carries out its threat to "obliterate" Iranian power plants.
- Iran fired two ballistic missiles at the US-UK military base on Diego Garcia, with one missile failing and the other intercepted; the UK government is providing financial support to households affected by rising heating oil prices.