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The Independent UK
The Independent UK
Athena Stavrou

Russia and Iran trying to ‘hijack the global economy’, Cooper rages

Iran United States Russia Economy Yvette Cooper Oil Saudi Arabia the Strait of Hormuz

Foreign secretary Yvette Cooper has accused Russia and Iran of trying to “hijack the global economy” as oil prices soar amid continued conflict in the Middle East.

Iran’s new supreme leader has vowed to continue attacking shipping in the Strait of Hormuz, as oil prices jump to around $100 (£75) per barrel as a result of the blockade of the key route where roughly one-fifth of the world’s daily oil consumption passes.

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