Written Question·Department for Energy Security and Net Zero·UIN 62323
Shipping: Strait of Hormuz
Tabled: 24 June 2025
Answered: 2 July 2025
Question
Ben Obese-Jecty
Conservative — Huntingdon
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of the closure of the Strait of Hormuz on (a) oil prices and (b) the economy.
Answer
Michael ShanksOil and gas markets are well supplied and functioning normally. Though they have responded to events in the Middle East, prices remain within the bounds we have seen over the last year. We have not witnessed any material reduction of traffic passing throu...
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