Overseas Trade: Oil
Commons · Question 106175 · Tabled 15 Jan 2026 · Foreign, Commonwealth and Development Office · Official record
Answered 5 Feb 2026
Question
Asked by Juliet Campbell
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment she has made of the potential impact of the closure of the Strait of Hormuz on global oil trade.
Answer
Answered by Hamish Falconer, 5 Feb 2026
Closure of the Strait of Hormuz would significantly disrupt global oil supplies, resulting in higher global prices. In the event of any global supply disruption, the UK holds emergency oil stocks that can be released to the market as part of a collective ...