After yesterday’s 30-minute telephone conversation, No 10 issued a carefully worded statement to defuse the growing transatlantic tensions. It stated: “President Obama said to the prime minister that BP was a multinational global company and that frustrations about the oil spill had nothing to do with national identity. The prime minister stressed the economic importance of BP to the UK, US and other countries. The president made it clear that he had no interest in undermining BP’s value.”
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