Member

In the past seven days, we have seen Iran particularly focus its strikes on economic infrastructure in the Gulf: oilfields in Saudi; ports in Oman; strikes against commercial ships from Thailand and Malta; and threatened mines in the Strait of Hormuz. Iran is seeking to hijack the global economy. It is holding hostage supplies of oil, gas and fertiliser, affecting prices and supply chains across the globe, threatening the cost of living here at home, and causing real worry for our constituents across the country. That is why the Prime Minister laid out yesterday how the Government will stand up for working people here in Britain, including by providing support for households with heating oil costs, and by maintaining the energy price cut and cap. Last week, we joined 31 other countries in the biggest co-ordinated release of oil in the International Energy Agency’s history, while maintaining our economic pressure and sanctions on Russia. As we welcome President Zelensky to London today, we are determined that war in the Gulf must not become a windfall for Putin. We continue to stand with Ukraine.