26
Thu, Mar

UK Offers To Host Global Summit To Reopen Strait Of Hormuz As Oil Trade Faces Major Disruption

UK Offers To Host Global Summit To Reopen Strait Of Hormuz As Oil Trade Faces Major Disruption

Marine Insight
UK Offers To Host Global Summit To Reopen Strait Of Hormuz As Oil Trade Faces Major Disruption
strait of hormuz
Image for representation purposes only

The United Kingdom has offered to host an international summit to discuss how to reopen the Strait of Hormuz, where shipping has been disrupted due to the ongoing conflict involving Iran, the United States and Israel.

The strait is one of the world’s busiest oil routes, and around 20% of global oil supplies usually pass through it, making the situation important for global trade and energy markets.

Defence officials from several countries have been in talks on how to restore safe passage for ships.

The UK has already sent military planners to work with US Central Command to examine options for allowing tankers to move through the area.

The route is currently seen as unsafe due to Iran’s threats of retaliatory attacks, including mines, drones and missile strikes.

More than 30 countries, including the United Arab Emirates, the UK, France, Germany, Canada, Australia, Italy and the Netherlands, have signed a joint

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