Should the UK prioritise reopening the Strait of Hormuz to stabilise energy prices?

The Strait of Hormuz, a vital chokepoint for 20% of global oil supply, has faced repeated closures and partial reopenings amid the US-Iran war and fragile ceasefire. Oil prices surged over 40% during shutdowns, with UK petrol up nearly 50p per litre in a month and LNG imports from Qatar disrupted, risking shortages and bill hikes of 30-50%. UK PM Keir Starmer visited Saudi Arabia, stressing the need for more work to fully reopen the route amid ongoing tensions.