00:00Good morning everyone, Keir Nysa. Good morning, afternoon and evening to colleagues from all over the world.
00:06Can I welcome, we have foreign ministers and representatives from over 40 countries today to discuss the Strait of Hormuz.
00:15The impact of the closure, the urgent need to restore freedom of navigation for international shipping
00:23and the strength of our international determination to see the strait reopen once more.
00:30We have seen Iran hijack an international shipping route to hold the global economy hostage.
00:37This is hitting the trading routes for Kuwait, Bahrain, Qatar, the UAE, Saudi, Oman, Iraq,
00:44but that means liquid natural gas for Asia, fertiliser for Africa and jet fuel for the world.
00:51And that Iranian recklessness towards countries who were never involved in this conflict,
00:56which we and 130 countries across the world have strongly condemned at the United Nations,
01:03is not just hitting mortgage rates and petrol prices and the cost of living here in the UK
01:09and in many different countries across the world, it is hitting a global economic security.
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