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International Business Times UK
International Business Times UK
Glory Moralidad

UK Eyes Hosting 'International Summit' to Reopen Strait of Hormuz Amid Ongoing Oil Crisis

Oil Donald Trump United Kingdom Strait of Hormuz Hormuz Benjamin Netanyahu Iran Matt Western the Strait of Hormuz United States
UK plans summit to reopen Strait of Hormuz as conflict-driven disruption sends oil and gas prices surging, exposing global dependence on a fragile route. (Credit: Commons Liaison Committee/YouTube)

The UK has offered to host an international summit aimed at reopening the Strait of Hormuz, which carries roughly a fifth of the world's oil supply. Because of the war in Iran, that flow is effectively paralysed, and has deterred shipping and rattled global markets.

The disruption follows escalating tensions between Iran and a US-Israeli alliance, with Tehran signalling it could target vessels in retaliation.

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