Blockade of Hormuz is strangling global economy, UN chief says
Newshour
BBC
4.2 • 1.1K Ratings
🗓️ 30 April 2026
⏱️ 48 minutes
🧾️ Download transcript
Summary
The UN Secretary General, Antonio Guterres, has said the closure of the Strait of Hormuz is strangling the global economy. He said that even if the restrictions were lifted immediately, supply chains would take months to recover. We ask what options the US has now and what it's likely to cost.
Also in the programme; two coins dating from the reign of English King Ethelred, known as the Unready for his failure to defend his country against the Vikings, come to light in Denmark; and why Saudi Arabia needs to cut its costs, by pulling out of LIV Golf.
(Photo: A ship in the Strait of Hormuz, Oman Credit: REUTERS/Stringer)
Transcript
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| 0:00.0 | BBC Sounds, Music, radio, podcasts. |
| 0:09.0 | Hello and welcome to News Hour from the World Service of the BBC, coming to you live from London with Owen Bennett Jones, |
| 0:16.6 | and we'll be going to Iran and the strategy around it in just a moment, |
| 0:21.1 | but also in a program later on, let me tell you a key figure in the decoding of the human genome. |
| 0:27.1 | Craig Venter has died at the age of 79, |
| 0:31.1 | and we have a friend and colleague telling us about his drive and ambition |
| 0:34.8 | and how crucial it was to the discoveries that he made. |
| 0:38.5 | The outcome has been the human genome sequence, which has absolutely transformed what we know about human disease. |
| 0:47.9 | So maybe you could say to make an omelet, you need to break you through a few eggs. |
| 0:52.8 | Maybe that's true. |
| 0:54.8 | But honestly, the omelet is delicious because break it through a few eggs. Maybe that's true. But honestly, |
| 0:59.6 | the omelet is delicious because of the work, the foundational work he was a big part of. |
| 1:05.6 | And that was, as I say, a friend of Craig Venter will be hearing from later. Now, when the bombing of Iran began, President Trump said it would last the conflict just a few weeks and two months |
| 1:12.2 | have passed. The fighting has stopped, but that is far from saying the conflict has reached |
| 1:17.2 | a resolution. There is a ceasefire, but not an end to hostilities. And actually news is coming in |
| 1:23.3 | in the last hour or so, suggesting things may be on the move. |
| 1:29.7 | I've got from Reuters, the United Arab Emirates, |
| 1:32.7 | as bandit citizens from travelling to Iran, Lebanon and Iraq and urged Emirates currently in those countries to leave immediately. |
| 1:37.4 | Then we've got Iran's news agency, mayor news agency, |
| 1:41.7 | saying air defence sounds heard in Tehran. Reasons unclear. |
| 1:46.9 | And then another report, Israel has rushed laser system to UAE to help defend it against Iran's |
| 1:53.7 | missiles. So that's all just happening in the last hour or so. It doesn't indicate anything firm, |
... |
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