Find news published in the date range below
and and
and and
and and
Clear
Euro
Arrow
53,9627
Dollar
Arrow
44,7405
Sterling
Arrow
63,0186
Gold
Arrow
6290,9209
BIST 100
Arrow
10.729

Hormuz crisis grows: UK challenges Trump on 'blockade'

The UK has announced it will not support a potential US blockade of the Strait of Hormuz, while Germany has unveiled a new aid package to combat the economic effects of the crisis involving Iran.

Don't leave your news choices to an algorithm - decide for yourself what you read. Add 12punto to your preferred sources!
Hormuz crisis grows: UK challenges Trump on 'blockade'

UK Prime Minister Keir Starmer has taken a clear stance against US President Donald Trump's call for a naval blockade of the Strait of Hormuz against Iran. While stating that his country would not accept restrictions on maritime transport, Starmer said, "We will continue our cooperation with the international community to protect freedom of navigation."

Trump recently stated that he assumed the UK would send minesweeper ships to the region to prevent shipments from Iran. In response, Starmer told BBC Radio 5 Live that the United Kingdom is working on a long-term plan with more than thirty countries to keep the Strait of Hormuz open. The Prime Minister also added that they are re-evaluating the fuel tax increase planned for September, and that this decision will depend on how the current situation in the strait develops in the coming weeks.

In Germany, new policies are being implemented to support the economy amid the ongoing conflicts in Iran and the region. German Chancellor Friedrich Merz warned that US and Israeli military operations against Iran will continue and that the economic consequences for his country will be long-lasting. Merz announced that they have prepared a 1.6 billion Euro support package to protect consumers due to the rise in fuel prices.

Furthermore, the Berlin administration stated that there will be a 17-cent-per-liter reduction in gasoline tax and that employers will be able to pay their employees a tax-free bonus of 1,000 Euros.

While expressing that he was not surprised by the failure of negotiations between US Vice President JD Vance and Iran, Chancellor Merz said, "I never had the impression from the very beginning that these talks were properly prepared. This situation will now turn into a quite long process, and we will continue to feel the consequences of this war for a longer period of time."


News Source: 12punto