G7 finance chiefs: Strait of Hormuz must be reopened
May 19, 2026 12:08
PARIS: The finance ministers of the G7 group of countries reiterated it was imperative to re-open the Strait of Hormuz, and that it was important to tackle global, current account imbalances.They also reaffirmed in a joint statement their commitment to multilateral cooperation in addressing risks to the global economy.The ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, also said they remained committed to have stable energy markets and called on all countries to avoid arbitrary export restrictions.
