France's Finance Minister Roland Lescure takes a selfie on Monday with attendees of the two-day G7 finance meeting in Paris, France. THIBAULT CAMUS/AP
Finance ministers and central bank governors from Canada, the European Union, France, Germany, Italy, Japan, the United Kingdom and the United States met for a second day of talks in Paris on Tuesday, seeking solutions to high energy prices caused by the Iran war.
The G7 finance ministers' meeting came a year on from Washington's imposition of tariffs on Western allies and in the wake of an economic crisis of its making, with attendees saying they hoped the US would realize multilateralism was the way forward.
Roland Lescure, France's finance minister, told The New York Times that negotiations to reopen the Strait of Hormuz, which has been effectively closed because of the conflict, clearly need international cooperation.
"When we saw that, we felt that more than ever the G7 had a role to play, and that engaging in conversations, multilateral if possible, was the right way of addressing this," he said.
