Middle East Debate
Full Debate: Read Full DebateJacob Collier
Main Page: Jacob Collier (Labour - Burton and Uttoxeter)Department Debates - View all Jacob Collier's debates with the Foreign, Commonwealth & Development Office
(2 days, 19 hours ago)
Commons ChamberIran has to recognise that it has lost its air defences, and it is my belief that its friends in Russia and China will not be rushing to its aid. It has to recognise that its proxies are degraded, and that the international community is firm that it cannot have a nuclear weapon and it has now got to come back to the negotiating table. We have to put in place a framework that deals with the stockpiles, with the centrifuges, with enrichment to 60%, and with the problem of ballistic missiles.
I thank the Foreign Secretary for his statement and for his level-headed approach in calling for de-escalation. He has spoken about the threat of further escalation with the closure of the strait of Hormuz, through which—as he knows—a large proportion of the world’s oil supply flows. Can he say more about how he will protect UK householders and businesses from a potential rise in oil prices?
It is important that we de-escalate at this time and that diplomacy prevails, and of course it is important that we work with our allies for every contingency. I am not in the business of talking up fears of an oil price shock; I am working to reassure the British people that we are doing all we can to see that that eventuality does not come to pass.