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Strait of Hormuz Global Economy G7 countries Finance ministers Trade security Current account imbalance Multilateral cooperation Group of Seven Global risk mitigation Trade flows

G7 Countries emphasize importance of reopening Strait of Hormuz

BAKU, Azerbaijan, May 19. The finance ministers of the Group of Seven (G7) countries have once again emphasized the necessity of reopening the Strait of Hormuz. They also highlighted the importance of addressing global current account imbalances.

TurkicWorld reports that in a joint statement, the parties reaffirmed their commitment to multilateral cooperation to mitigate risks to the global economy.

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