"It is very important that we get the strait of Hormuz reopened. There are different ways that we could contribute, including with mine-hunting drones. All of these things are being looked at in concert with our allies. Any options that can help to get the strait reopened are being looked at."
"Iran's announcement that it would target ships using the strait, through which 20% of the world's oil supply normally passes, has sent oil prices soaring from about $65 a barrel to more than $100. Economists are predicting higher inflation and lower growth this year as a result, though the exact impact will depend on the length of the conflict."
"We will continue to work towards a swift resolution of the situation in the Middle East. Because there is no question that ending the war is the quickest way to reduce the cost of living."
The UK government is planning to send minesweeping drones to the Strait of Hormuz to clear mines and restore oil flow, rather than deploying ships as requested by Donald Trump. Officials believe sending naval vessels could worsen the volatile situation. Prime Minister Keir Starmer will announce financial support for Britons facing higher energy costs and emphasize de-escalation efforts. Energy Secretary Ed Miliband confirmed mine-hunting drones are being considered alongside other options in coordination with allies. Iran's threat to target ships in the strait has caused oil prices to surge from $65 to over $100 per barrel, with economists predicting increased inflation and reduced growth. The crisis has further strained Trump-Starmer relations following Britain's refusal to allow US bases for attacks on Tehran.
Read at www.theguardian.com
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