Gulf of Oman Oil Tanker Attacks
Debate between Alex Chalk and Andrew Murrison(5 years, 5 months ago)
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Dr Murrison
I am very grateful to my hon. Friend for that. I hope he has sensed from my remarks that the intent is to de-escalate this. I make no apologies for the repeated use of that word “de-escalation”. The sanctions he has referred to—of course, sanctions are always on the table—would certainly escalate this and, in our judgment at this juncture, would make a bad situation worse. However, we of course keep all things under review.
Alex Chalk (Cheltenham) (Con)
These are obviously very serious moments. What assessment has been made of the potential impact on the UK, and indeed all our constituents, in terms of fuel supplies in the event that this disruption in and around the strait of Hormuz is serious and sustained?
Dr Murrison
My hon. Friend is right to raise this. I have referred to a fifth of the world’s oil going through those straits, to Qatari LNG that powers up much of Europe and to the effect, potentially, on our constituents’ fuel bills. He may be aware that we have about 90 days of contingency through the International Energy Agency, but of course we do not really want to use that. We want those straits to remain open for the world’s trade, and we will do everything we can to ensure that they do.