France Proposes Hormuz Resolution as Britain Warns of Iranian Threat

France has put forward a draft resolution concerning the Strait of Hormuz, while Britain has warned of the danger posed by the Iranian regime.

The developments come alongside remarks by the US Treasury secretary, who said Washington had facilitated the passage of 1.1 billion barrels of oil through the strait.

The secretary also said Iran would have no oil moving by sea this week, describing it as the first such occurrence since the country began exporting crude.

The remarks did not specify the period covered by the 1.1 billion-barrel figure or explain how the United States had facilitated those shipments. Details of the French draft resolution were not provided.