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The Iran war: Japan, Canada, Europe ready to ease the Strait traffic, to stabilize energy markets

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Virendra Pandit

 

New Delhi: Leading European nations, Japan, and Canada said on Thursday they are ready to join appropriate efforts to ‌ensure safe passage of oil and gas through the Strait of Hormuz and ​would take steps to stabilise energy markets.

In a joint statement, they condemned Iran’s attacks on unarmed commercial vehicles in the Gulf region, the media reported on Friday.

This is ⁠the full text of the statement from Britain, France, Germany, Italy, the Netherlands, Japan and Canada:

“We condemn in the strongest terms recent ‌attacks by Iran on unarmed commercial vessels in the Gulf, attacks on civilian infrastructure including oil and ‌gas installations, and the de facto closure of the ‌Strait ⁠of Hormuz by Iranian forces.

“We express our deep ⁠concern about the escalating conflict. We call on Iran to cease immediately its threats, laying of mines, drone and missile attacks and other attempts ​to block the Strait to ‌commercial shipping, and to comply with UN Security Council Resolution 2817.

“Freedom of navigation is a fundamental principle of international law, including under the United Nations Convention on the Law ‌of the Sea.

“The effects of Iran’s actions will ​be felt by people in all parts of the world, especially the most vulnerable.

“Consistent with the UNSC ⁠Resolution 2817, we emphasise that such interference with international shipping and the disruption of global energy supply chains constitute a threat ‌to international peace and security. In this regard, we call for an immediate comprehensive moratorium on attacks on civilian infrastructure, including oil and gas installations.

“We express our readiness to contribute to appropriate efforts to ensure safe passage through the Strait. We welcome the commitment of nations who are engaging ‌in preparatory planning.

We welcome the International Energy Agency decision to authorise a coordinated ​release of strategic petroleum reserves. We will take other steps to stabilise energy markets, including working with ⁠certain producing nations to increase output.

“We will also work to ⁠provide support for the most affected nations, including through the United Nations and the IFIs (International Financial Institutions).

“Maritime ‌security and freedom of navigation benefit all countries. We call on all states to respect international law and uphold ​the fundamental principles of international prosperity and security.”