UK says Russia, Iran trying to ‘hijack global economy’ amid Hormuz blockade

2026-03-13 - 11:05

UK Foreign Secretary Yvette Cooper has accused Russia and Iran of attempting to “hijack the global economy” as Tehran continued to blockade a major oil shipping route. Iran’s new supreme leader has vowed to continue attacking shipping in the Strait of Hormuz in retaliation for ongoing US-Israeli strikes on his country. The blockade has seen oil prices jump to around US$100 per barrel, threatening higher inflation across the globe. Speaking to the media during a visit to Saudi Arabia, the UK...