00:00Well, we've made clear we need to see a swift resolution to this conflict that restores the regional stability.
00:07That needs to include the Strait of Hormuz and that's why we have more than 30 countries come together
00:13to talk about the processes that are needed to ensure the reopening of the Strait of Hormuz
00:21and also the protection for international shipping.
00:24And that's why, look, we have taken the approach of supporting defensive action
00:30but also we've taken a different approach on the offensive action that has taken place as part of this conflict.
00:37But what we need is a partnership, including the diplomacy, including some of the discussions that we will have today
00:42because, frankly, Iran cannot be able to just hold the global economy hostage as a result of a strait
00:51which is about international shipping routes and the freedom of navigation
00:54that has been so strongly supported at the United Nations but also by countries across the world.
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