Tuesday, 02 January 2024 12:17 GMT

EU Commits to Protect Freedom of Navigation in Strait of Hormuz


(MENAFN) European Commission President Ursula von der Leyen pledged on Thursday to collaborate with international partners to safeguard freedom of navigation in the Strait of Hormuz amid ongoing conflict in the Middle East.

"We discussed the situation in the Middle East and the Strait of Hormuz. Iran’s actions are putting global economic stability at risk. We will work with our partners to ensure freedom of navigation can resume as soon as possible," von der Leyen wrote on social media platform X.

Her statement followed a phone conversation with British Prime Minister Keir Starmer, during which the leaders also touched on preparations for an upcoming EU-UK summit. "A key moment to deliver on last year’s commitments and further strengthen our partnership," she added.

The strait has faced severe disruptions since early March, when Iran restricted access in retaliation for the US-Israeli offensive launched on February 28. Normally, around 20 million barrels of oil—roughly 20% of the world’s daily supply—pass through the waterway. Its partial closure has fueled global oil price increases, interrupted shipping, and raised concerns about prolonged economic consequences.

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