2026-03-16 14:23:13| BBC News | Business | World Edition

It comes after President Trump urged the UK and other countries to send warships to protect the vital shipping channel.

LATEST NEWS

People in south-west England say the cost could be the "straw that breaks the camel's back".

The port of Fujairah plays a crucial role in helping keep global supplies moving when the Strait of Hormuz is blocked.

16.03	PM says UK working with allies on plan to reopen Strait of Hormuz
16.03	Soaring heating oil bills 'pressuring' finances
16.03	Iran hits key UAE oil port and Dubai airport
16.03	How a charity founded by farmers' wives helps children in the Borders
16.03	Sensex ends 3-day losing streak, settles 939 pts higher, Nifty above 23,400
16.03	Paytm shares jumps 4% after rival PhonePe halts IPO plans
16.03	Alcohol-free beer and pet grooming used to measure inflation
16.03	Alcohol-free beer and pet grooming used to measure inflation
News and Media »

16.03	OpenAI's adult mode reportedly won't generate pornographic audio, images or video
16.03	Tech companies are teaming up to combat scammers
16.03	U.S., Mexico, and Canada are headed for talks on the USMCA trade pact. Heres whats at stake
16.03	Apple announces the AirPods Max 2 with improved noise cancelation and H2 chip
16.03	After-hours meetings are on the rise. AI could make things even worse
16.03	PM says UK working with allies on plan to reopen Strait of Hormuz
16.03	Soaring heating oil bills 'pressuring' finances
16.03	New York City is giving its iconic Carnegie Libraries a makeover
More »