UK offers to host international summit on reopening strait of Hormuz

Defence chiefs have been discussing how to unblock the conduit for about a fifth of the world’s oil suppliesThe UK has offered to host an international security summit to draw up a “viable, collective plan” to reopen the strait of Hormuz as economic fallout from the Iran conflict continues.Defence chiefs have been discussing how they could unblock the vital shipping lane, through which about 20% of global oil supplies usually pass, amid the Middle East crisis unleashed by the US and Israel. Continue reading...