British Prime Minister Keir Starmer on Monday insisted theUnited Kingdom will steer clear of a broader conflict with Iran, whilecoordinating with allies to reopen the Strait of Hormuz and maintain secureshipping lanes.
“The government is considering a financial aid package ofaround £50 million to assist the most vulnerable households,” he added,cautioning companies against exploiting the crisis to raise prices andindicating that legal action could target firms found to be profiting unfairly.
Japan, Australia, the United Kingdom, and France rejectedTrump’s call, stressing the need to weigh national interests and assess whethertheir vessels are ready for such a mission.
The Strait of Hormuz carries about 20% of the world’s oiland roughly 4.5% of global trade. Recent moves by Iran have effectively slowedtraffic through the maritime gateway, pushing oil prices over 20% higher tomore than $104 per barrel, the highest level since July 2022.
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