UK says Russia, Iran trying to ‘hijack global economy’ amid Hormuz blockade

South China Morning PostCenter-RightEN 1 min read 100% complete by dpaMarch 13, 2026 at 11:57 AM

UK says Russia, Iran trying to ‘hijack global economy’ amid Hormuz blockade

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UK Foreign Secretary Yvette Cooper accused Russia and Iran of attempting to "hijack the global economy" amid Iran's blockade of the Strait of Hormuz. The blockade, a response to US-Israeli strikes, has caused oil prices to rise to approximately $100 per barrel, threatening global inflation. Cooper, during a visit to Saudi Arabia, linked Iran's actions to Russia, citing their technological cooperation and shared tactics. She stated both countries are attempting to benefit from disrupting the global economy, posing a threat to global well-being. Iran's supreme leader has vowed to continue attacking shipping in the Strait of Hormuz.

Key Entities & Roles

Key Player Opposition Context

United States 50% Israel 60% Saudi Arabia 60% Russia ×270% US-Israeli strikes 70% Yvette Cooper 80% Iran ×380% Strait of Hormuz ×290%

Keywords

global economy 100% iran 80% russia 80% strait of hormuz 70% blockade 60% oil prices 60% uk 50% inflation 50% shipping 40%

Sentiment Analysis

Very Negative

Score: -0.70

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Source

South China Morning Post

Political Lean

Center-Right (0.50)

Far LeftCenterFar Right

Classification Confidence

90%

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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global economy iran russia strait of hormuz blockade oil prices uk inflation shipping

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