Skip to content
Friday 7 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,867.89
-0.19%
DAX
26,140.13
0.00%
CAC 40
8,699.71
0.00%
STOXX 50
6,502.56
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Friday 10 April 2026 2:32 pm

Starmer told Trump to be ‘practical’ amid Strait of Hormuz tax rumours

By: Mauricio Alencar

Politics and Economics Reporter

Add as a preferred source on Google
Sir Keir Starmer in formal attire during his diplomatic visit to Qatar, engaging in discussions with Qatar officials.
Sir Keir Starmer spoke with Trump on Thursday. Alastair Grant/PA Wire

Sir Keir Starmer has said he spent most of a conversation with Donald Trump on Thursday night talking about a “practical plan” to secure the Strait of Hormuz, shortly after he said he was “fed up” of the US president’s impact on energy bills. 

Starmer said he spoke to Trump about the blocked strait, which has led to a spike in international oil and gas prices as the Iran war has raged on. 

“[I] set out to him the views of the region here, these Gulf states are the neighbours of Iran, and therefore, if the ceasefire is to hold — and we hope it will — it has to involve them,” Starmer said.

“They have very strong views on the Strait of Hormuz. We spent most of the time on the call talking about the practical plan that’s going to be needed to get navigation through the strait and the role that the UK is playing.”

The Prime Minister had told ITV News that he was “fed up” of Trump’s actions impacting people’s energy bills, grouping him in the same sentence as Vladimir Putin. 

He said: “I’m fed up with the fact that families across the country see their bills go up and down on energy, businesses’ bills go up and down on energy, because of the actions of Putin or Trump across the world, and saying to families across the country, saying to businesses across the country, ‘we’ve just got to … put up with being on the international market’.”

The comment appeared to break away from more diplomatic language that Starmer has used when speaking about the US president and his war in Iran. 

Starmer in Qatar

Starmer is attempting to take a more active role in negotiations after a two-week ceasefire was agreed between the US and Israel with Iran. Israel has continued its war with Iran-backed Hezbollah in southern Lebanon, raising concern over the terms of the ceasefire. 

Read more

Trump reinstates US blockade of Strait of Hormuz

Iranian military vessels patrol the strategic Strait of Hormuz amidst escalating tensions in the region

He travelled to Qatar to speak to Gulf countries about holding up a peace deal after the war. 

Reports have suggested that the Iranian leadership is seeking to add a toll on ships passing through the Strait of Hormuz. 

It has been suggested that the tax could range between $1m and $2m per ship, or tax $1 on every barrel of oil. 

Starmer has followed foreign secretary Yvette Cooper in calling for ships to be able to pass through the Strait of Hormuz without having to pay a tax.

The Prime Minister said there was a “very strong sense there can’t be tolling or restrictions” in any settlement. 

He also called on countries across Europe to step up contributions to Nato. 

“Do we Europeans need to do more? Yes, I’ve been making that argument for the best part of two years, to our European partners as much as anybody else.”

Read more

Burnham’s cost of living push under threat as oil hits $100

Two men stand in the ocean with multiple oil tankers and cargo ships in the hazy distance.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Economics
  • Politics

People & Organisations

  • Donald Trump
  • Gulf
  • Keir Starmer
  • Labour
  • Qatar
  • strait of hormuz
  • trump
  • UK economy
  • UK Government

Trending Articles

  • Rupert Lowe axes pensions triple lock and pledges tax cuts in economic plan

  • Revolut founder’s wealth set to balloon amid talks of share award at $500bn valuation

  • As it happened: Stocks rise as oil fluctuates after Red Sea attack; US-Iran deal ‘being circulated’

  • Liverpool owners tipped to sell – but not to Amazon boss Bezos – by former CEO

  • WPP slashes jobs as revenue continues to fall

More from Morning Wire

  • Trump reinstates US blockade of Strait of Hormuz

    Markets
    Iranian military vessels patrol the strategic Strait of Hormuz amidst escalating tensions in the region
  • Burnham’s cost of living push under threat as oil hits $100

    Markets
    Two men stand in the ocean with multiple oil tankers and cargo ships in the hazy distance.
  • FTSE 100 Live: Stocks to slide on new tensions in Strait of Hormuz

    FTSE 100 Live
    Bustling shipping activity in the Strait of Hormuz with tankers and cargo ships navigating Iranian waters.
  • As it happened: Stocks rise as oil lower; Iran threatens ‘forceful response’ over Strait of Hormuz

    Markets
    North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.
  • Strait of Hormuz ‘closed’ as Iran and US exchange strikes

    Economics
    Bustling shipping activity in the Strait of Hormuz with tankers and cargo ships navigating Iranian waters.
  • As it happened: Choppy day for FTSE 100 after Iran closes Strait of Hormuz as strikes ramp up

    Markets
    Donald Trump delivering a speech at a podium during a formal event, emphasizing key points to an attentive audience.
  • Oil price falls but Trump and Iran clash on negotiations claim

    Markets
    Donald Trump smiling in a blue suit and tie with an American flag pin, US flag in background
  • As it happened: Stocks rises as oil eases but Strait of Hormuz concerns ramp up

    Markets
    Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook