00:00This is hitting the trading routes for Kuwait, Bahrain, Qatar, the UAE, Saudi, Oman, Iraq.
00:06But that means liquid natural gas for Asia, fertilizer for Africa and jet fuel for the world.
00:13And that Iranian recklessness towards countries who were never involved in this conflict,
00:18which we and 130 countries across the world have strongly condemned at the United Nations,
00:25is not just hitting mortgage rates and petrol prices and the cost of living here in the UK
00:31and in many different countries across the world, it is hitting a global economic security.
00:38And the World Bank estimates that this attack on the strait could push 9 million people worldwide
00:45into food insecurity alongside the unsustainable increases that we have seen in oil prices and food prices.
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