The ongoing tension in the Middle East is now taking the form of a global crisis. The world’s most important oil supply line. The situation regarding the Strait of Hormuz has become so serious that efforts to find a diplomatic solution at the international level have intensified. In this context, Britain has announced to call a big international meeting this week.
The British Prime Minister has clearly said that the entire coming generation may have to bear the consequences of this conflict. Amid rising inflation, energy crisis and threat to global trade, the world’s eyes are now focused on this important waterway, through which about 20% of the world’s oil passes.
What plans is the UK making on the Strait of Hormuz?
Britain is going to organize an international diplomatic conference this week, in which 35 countries have agreed to jointly restore maritime security. In this meeting, all those measures will be discussed by which the sea route can be reopened and the safety of stranded ships and sailors can be ensured. The supply of oil and essential commodities can be resumed. After the meeting, there will also be a meeting of military planners, so that a strategy can be made to secure and operationalize this strait after the war.
Which countries gave support?
This initiative has received support from many big countries, including-
Britain
France
Germany
Italy
Japan
Netherlands. Countries like are included. This is a clear indication that this crisis has now become not just regional but global.
Why did Trump rebuke allies?
US President Donald Trump has launched a scathing attack on those countries which did not support America in taking action against Iran. He clearly said that ‘All those countries which are not able to get jet fuel because of the Strait of Hormuz, like the United Kingdom… they should go directly to the Strait and just take it over. Trump took a jibe at Britain and European countries and said, ‘Start learning to fight for yourself.’ This means that now America will not come forward to help every time.
Why was there a rift in the relations between UK and US?
The British Prime Minister had refused to get directly involved in the war against Iran despite American pressure. However, they later permitted only “defensive missions”, the purpose of which was said to be to protect civilians in the area. After this decision, there was a public sourness in the relations between Trump and Britain.
What is Iran’s strategy and why is the world scared?
Iran has clearly warned that any ship that tries to pass through the Strait of Hormuz can be targeted. This is the same route through which about 20% of the world’s oil and gas is supplied. Big markets like India and China are connected
Because of this-
- global inflation is increasing
- The energy crisis is deepening
- Volatility is increasing in the markets
Could this crisis become like the oil crisis of the 1970s?
The British Prime Minister has warned that this crisis could have an impact like the oil crisis of the 1970s. According to him, the impact of this war will define the coming generation. This means that if the situation does not improve, the entire world may face an economic shock.
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