- Sir Keir Starmer has warned that Britain's economic situation will not "return to normal" even after the Strait of Hormuz reopens.
- He stated that the UK must pursue a "different course" for its future, rather than reverting to the "status quo" as it did after previous economic shocks like the 2008 financial crash and the Covid pandemic.
- The Labour leader highlighted that the blockage of the Strait of Hormuz, through which a fifth of global oil flows, has significantly impacted economies worldwide due to the US-Israeli war with Iran.
- Sir Keir is leading a coalition with President Macron to work towards reopening the Strait of Hormuz, but cautioned that global volatility, including the war in Ukraine, will persist.
- He suggested that moving away from the status quo involves making Britain "more resilient" through closer ties with Europe and a transition to green energy.
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