The finance ministers of the G7 nations renewed their emphasis on the necessity of reopening the Strait of Hormuz to international navigation, stressing the importance of seriously dealing with current economic imbalances.
In a joint statement issued by them, the ministers stressed their commitment to enhancing multilateral cooperation as an effective tool to face risks and challenges threatening global economic stability, calling for concerted international efforts to ensure the continuity of supply chains and global trade.
The finance ministers of Canada, France, Germany, Italy, Japan, Britain, and the United States explained that they remain committed to achieving stability in global energy markets, warning that any disruptions in energy supplies could negatively reflect on global economic growth.
The statement also called on all countries to refrain from imposing arbitrary restrictions on exports, considering that such measures could aggravate trade tensions and affect the security of global supplies, especially in vital sectors such as energy and food.
