"G7 members reaffirmed the pressing need to move toward a lasting peace, following a gathering in Washington. The conflict has significant implications for global economic stability."
"Lescure stated, 'We need to make sure that we understand where the balance of risks is tilting in the next few weeks,' highlighting the need for ongoing assessment."
"The general feeling was gravity among the G7 when it came to the war, indicating a serious concern for the economic repercussions of the conflict."
"'We need this to open, but not at any price,' Lescure remarked regarding the Strait of Hormuz, emphasizing the need for a balanced approach."
French Finance Minister Roland Lescure stated the importance of reopening the Strait of Hormuz but emphasized it should not be done at any cost. G7 finance ministers and central bank governors expressed urgency in limiting the global economic fallout from the Middle East conflict. The war, triggered by US-Israeli strikes on Iran, has led to a blockade of the Strait, causing energy prices to rise. The G7 leaders plan to monitor the situation closely and are prepared to take action if necessary.
Read at The Local France
Unable to calculate read time
Collection
[
|
...
]