00:00Our priority is always the national interest.
00:05First, we will protect our people in the region.
00:10Second, while taking the necessary action to defend ourselves and our allies,
00:17we will not be drawn into the wider war.
00:22And third, we will keep working towards a swift resolution
00:27that brings security and stability back to the region
00:32and stops the Iranian threat to its neighbors.
00:36Now, we've already acted alongside other countries
00:38to release emergency oil stocks at a level that is completely unprecedented.
00:46But ultimately, we have to reopen the Strait of Hormuz
00:51to ensure stability in the market.
00:55That is not a simple task.
00:59So we're working with all of our allies, including our European partners,
01:05to bring together a viable collective plan
01:08that can restore freedom of navigation in the region
01:12as quickly as possible and ease the economic impacts.
01:18Ending the war is the quickest way to reduce the cost of living.
01:23could reduce the cost of living
01:23as three people
01:23of power
01:23and
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