(5 years, 5 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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My right hon. Friend and predecessor knows a great deal about this region. I pay tribute to him because I think this is the first opportunity I have had to do so. I congratulate him on his extraordinary service.
In relation to the cost of what might perhaps happen, my right hon. Friend is absolutely right. About a fifth of the world’s oil passes through the strait of Hormuz. While there are mitigating things that can be done in the event that the straits were closed off again, the impact would be significant. As he knows, a great deal of Europe’s liquefied natural gas comes from the Gulf. Inevitably, after a fairly short space of time, there would be severe economic penalties. Above all, of course, we are concerned about the human cost of another conflict, which has, sadly, been seen too much in this region over the past few years. That is why the most important thing to do is to turn down the heat. He refers very kindly to my measured and well-chosen words. It is important for all concerned to prevail on those who are principals in this matter to engage in talk rather than the alternative, which would be massively expensive for all concerned.
While the independent investigations that the Minister has mentioned continue—we all want to see the results of those—the fact is that six vessels have been attacked in just over a month. It has been suggested that one practical step that could be taken is to provide some kind of security escort for vessels in the Gulf of Oman and passing through the strait of Hormuz. I very much support what he said about the need to de-escalate tension. In his reply to a previous question, was he trying to indicate to the House that he thought that such a step might actually make matters worse rather than better? I endorse what he said about this ultimately having to be solved by negotiation. Ultimately, the United States of America and Iran will need to get round a table to sort out the difficulties that currently involve both of them.
The right hon. Gentleman is of course correct—ultimately, that is where the solution to this lies.
The right hon. Gentleman tempts me to consider escorts of some sort through the strait of Hormuz. It is not our judgment at the moment that that would be appropriate. I think it would be seen as provocative and escalatory. My view—the Government’s view—is that our interests are best served at this time by trying to turn down the heat on this, and that is what we will continue to do. But clearly we keep all these things under review.