Yvette Cooper has accused Russia and Iran of attempting to "hijack the global economy" as Tehran continued to blockade a key oil shipping route.Iran's new supreme leader has vowed to continue attacking shipping in the Strait of Hormuz in retaliation for ongoing US-Israeli strikes on his country.The blockade has seen oil prices jump to around 100 dollars per barrel, threatening higher inflation across the globe.

Yvette Cooper has accused Russia and Iran of attempting to "hijack the global economy" as Tehran continued to blockade a key oil shipping route.Iran's new supreme leader has vowed to continue attacking shipping in the Strait of Hormuz in retaliation for ongoing US-Israeli strikes on his country.The blockade has seen oil prices jump to around 100 dollars per barrel, threatening higher inflation across the globe.