Iran ‘holding global economy hostage’ as Australia joins urgent Hormuz talks

Ministers from over 40 countries, including Australia's Penny Wong, met virtually to discuss reopening the Strait of Hormuz as Iran holds global trade hostage. UK Foreign Secretary Yvette Cooper warned that 20,000 seafarers and 2,000 vessels are trapped, exacerbating rising oil and food prices worldwide. A follow-up meeting is scheduled next week to enhance security in the region.

Read more on ABC News – Australia →