finance
UK Foreign Secretary Calls for Toll-Free Strait of Hormuz and Lebanon's Inclusion in Iran Ceasefire
Britain's Foreign Secretary David Lammy is set to advocate for toll-free navigation through the Strait of Hormuz in an upcoming speech. He will also urge the urgent inclusion of Lebanon in the ceasefire agreement with Iran. South Korea's foreign minister separately emphasized free navigation in the strait during talks with his Iranian counterpart.
Apr 9, 6:52 AM·1m read3 sources
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Britain's Foreign Secretary David Lammy is expected to deliver a foreign policy speech calling for toll-free shipping through the Strait of Hormuz. The strait, located between Iran and Oman, serves as a critical chokepoint for global oil transport, carrying about 20% of the world's oil supply. This position aligns with broader international concerns over disruptions in the region.
Lammy's remarks come amid ongoing tensions in the Middle East, including conflicts involving Iran and its proxies. The UK aims to ensure unrestricted access to maintain global energy security. South Korea has echoed similar sentiments in diplomatic engagements.
Korea's Foreign Minister Cho Tae-yul stressed the need for free navigation in the Strait of Hormuz during a phone call with Iran's Foreign Minister Abbas Araghchi.
The South Korean foreign ministry confirmed the discussion focused on ensuring safe passage for international shipping. This call occurred recently, reflecting coordinated international efforts. The Strait of Hormuz has faced threats of closure or restrictions from Iran in response to geopolitical disputes.
Toll-free access would prevent additional fees or barriers imposed by any party. Multiple nations view this as essential for economic stability.
in Ceasefire Lammy will also call for Lebanon to be urgently included in the ceasefire agreement between Iran and Israel.
The current agreement, reached in late 2023, addresses hostilities but excludes certain regional actors. Lebanon's involvement is seen as key to a comprehensive resolution. Lebanon, home to Hezbollah, which receives support from Iran, has been drawn into the broader conflict.
Including it could stabilize the Israel-Lebanon border. The UK positions this as a step toward lasting peace in the region. " — David Lammy, expected remarks in annual foreign policy speech (CNBC, October 2024) The speech is part of the UK's annual foreign policy address, typically outlining priorities for the coming year.
