""How we emerge from this crisis will define us for a generation. I'm not prepared to ask the British people to relive a crisis, come out of it, and simply return to the status quo.""
"The Strait of Hormuz is particularly critical, accounting for roughly a fifth of the world's oil supply and affecting commodities from fertiliser to aluminium."
Prime Minister Sir Keir Starmer warned that the conflict in Iran will affect Britain's future but emphasized that the country is not heading towards war. He called for stronger ties with the EU for economic and security cooperation. Starmer highlighted the importance of energy resilience to prevent shocks similar to those in the 1970s. He announced a meeting to discuss reopening the Strait of Hormuz, a crucial oil shipping route, and plans for military assessments post-conflict.
Read at London Business News | Londonlovesbusiness.com
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