❝US allies do not see a realistic way of reopening the Strait of Hormuz without ending the war. G7 countries have been discussing how they could help Trump. There are conversations about a framework for Hormuz security. The UK has sent military planners to the US for talks. But the reality is these conversations are at a very early stage and US allies are not looking at sending naval assets until the conflict eases. US allies are yet to be convinced there is any credible military plan to reopen the strait. The UK has been in talks with Lloyds of London about insurance products and prices when the situation calms. But even then insurance is not seen as the big issue - it is safety. It marks a widening disconnect between the US and Europe over the war amid concerns Trump ultimately doesn’t have a plan. Meanwhile energy prices are soaring, bonds tumbling and interest rates are set to rise.❞