V

Viscount Stansgate (Lab)

Speaking in the House of Lords on 18 March 2026

Debate

Strait of Hormuz

Contribution

I thank my noble friend for that Answer. The House knows how the closure of the Strait of Hormuz poses a real risk to the world economy, not only because one-fifth of global oil supplies cannot be moved but because of the growing risk of fertiliser shortages and the effects on food supply and food and energy prices. Does my noble friend agree that this difficult and complex problem is going to require us to work with our strategic partners in the region and to make use of innovative technology, such as drones, to keep the waterway open and enable trade to resume? Does she also agree with the words of the Prime Minister earlier today: “The best way forward is a negotiated settlement”, rather than the continuation of this war?

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