00:00We had the head of the International Energy Agency at the meeting.
00:04They are consulting with members right now on the release of oil reserves, strategic oil reserves.
00:11I've been very clear that the UK is willing to play its part in using those reserves to put downward
00:20pressure on oil prices
00:22and ensure that supply remains strong.
00:26So that's one of the ways in which we are responding.
00:28But also working, for example, with Lloyds of London.
00:32I met the chair, Charles Roxburgh, on Monday and also working with the US administration and other key allies
00:40in trying to reopen the Strait of Hamuz and making sure that vessels feel confident to travel through it.
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