Iran’s blockade of the Strait of Hormuz is prompting Britain to host virtual talks with over 40 countries, including France, Germany, and Canada, to discuss strategies for reopening the critical waterway that facilitates 20% of global oil and LNG shipments. The blockade, initiated after U.S. and Israeli strikes on Iran, has driven oil prices above $100 per barrel, leading to fuel rationing in several nations. The U.S. is not participating in these talks, with President Trump urging allies to secure their own oil supplies.
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