Europe and Japan Ready to Join Efforts to Secure Strait of Hormuz as Energy Prices Surge Amid Iran War
Government
Leaders from Europe and Japan joined forces Thursday in an effort to secure the Strait of Hormuz so that global trade can once more journey through the vital passage. The announcement came amid rising concerns over the turbulent market, with European natural gas prices having jumped by 60% since the start of the Iran war. In a joint statement , leaders from the United Kingdom, France, Germany, Italy, the Netherlands, and Japan expressed a "readiness to contribute to appropriate efforts to
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