Iran should not be allowed to hold the global economy hostage, according to London

The British government has stated on Friday through the voice of Foreign Affairs Minister Yvette Cooper that Iran should not be allowed to hold the global economy hostage.

Quoted by the media from Paris, where she is participating in a G7 meeting, the head of the Foreign Office emphasized the need for G7 countries to find ways to “protect our global economy from countries that want to use it as a weapon against us.”

“As a G7 country, we have a common interest in coming together to discuss these issues and ways to protect our global economy from countries that want to use it as a weapon against us,” she said. Ms. Cooper also called for a “quick resolution” to the conflict in Iran, allowing the reopening of the Strait of Hormuz, with “protection for international maritime transport.”

“We need this partnership, including diplomacy and discussions, because Iran cannot be allowed to hold the global economy hostage due to a strait that involves international maritime routes and freedom of navigation, a principle strongly supported by the United Nations and many countries around the world.”

On the other hand, British Prime Minister Keir Starmer spoke of the “frustration” caused by the economic impact of the war in the Middle East in an interview with the British continuous news channel, Sky News. “Of course, there is frustration,” said Mr. Starmer, noting that the impact of the war should “affect us for a generation.”

Since the start of the war, the UK’s economic indicators have been shaken, with reports of a significant economic impact. On Thursday, the Organisation for Economic Co-operation and Development (OECD) warned that the UK is likely to suffer the most significant impact of the war against Iran among the major global economies, with a high risk of recession and a sharp rise in inflation.

The organization also revised downward its GDP growth projections for the UK to 0.7% this year, a decrease of 0.5 percentage points from a previous forecast of 1.2%.