Tuesday 15th November 2011

(13 years ago)

Lords Chamber
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Lord Howell of Guildford Portrait Lord Howell of Guildford
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I hope that I can give as good an answer as the noble Lord did when I asked him the question. It might be even better. We are going to press for further sanctions but one has to be realistic, as I indicated in answering the noble Lord, Lord Luce. If the sanctions are undermined by trading activity and the import of products from China and other countries then they are bound to be limited in effect. However, we believe that sanctions of a financial kind can be tightened still further to make it ever harder for the mullahs and the Iranian Government to get the revenues for some of their oil and oil products. We also believe that more targeted sanctions can be developed and various loopholes can be closed. All these things can be done and probably will be done. However, the bigger issue is how the world unites as a whole to put pressure on the regime to cease to flout the non-proliferation regime and the rulings and the resolutions—six of them—of the UN Security Council.

Lord West of Spithead Portrait Lord West of Spithead
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My Lords, the elephant in the room seems to be the use of military force, as has been mentioned, though I quite understand why that has been left on the table. However, does the Minister agree that if you make a threat you have to have the willingness to carry it out? It seems to me that we are sleepwalking towards a situation where we may well find ourselves as a nation involved in military action the full implications of which we have not thought through. Does the Minister believe that that is a real risk?

Lord Howell of Guildford Portrait Lord Howell of Guildford
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The risks are there on all sides. The noble Lord says that we have not thought through the implications but one can think them through all too clearly. One has only to speculate for a moment on what would happen if Iran were to mine or threaten to mine the Straits of Hormuz: it would double the oil price straightaway. That is a major danger and there are many others as well. The implications have been thought through. As the noble Lord recognises, however, the message from Iran is that all options remain on the table. Meanwhile we concentrate on negotiations and ever tighter sanctions and we hope to achieve an effective outcome. However, the reality must be presented to Iran: the options, of all kinds, are on the table.