00:00Peru has decided to sever diplomatic relations with Iran as tensions continue to escalate across
00:06the Middle East. Peru's foreign ministry says the decision reflected the country's
00:12long-standing commitment to peace, international law and democracy.
00:17The government also raised concerns about disruptions to international trade through
00:22the Strait of Hormuz since March. It warned that prolonged disruption along the key shipping route
00:27could push energy prices higher and place further pressure on global supply chains.
00:32Despite cutting diplomatic ties, Peru will maintain consular relations with Iran
00:37to protect the interests and citizens of both countries.
00:41The wider conflict has also placed growing pressure on Peru's economy
00:45as global crude oil prices have climbed above $90 a barrel.
00:49The energy shock pushed annual inflation to a three-year high of 4.44% in August 2026,
00:56domestic transport costs rose by 14.8% while projected economic growth was revised down to 3.1%.
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