European Economic Commissioner Valdis Dombrovskis has reaffirmed the need to reopen the Strait of Hormuz as soon as possible, adding that the war would be discussed during a meeting of the G7 finance ministers in Paris.
– Iran’s de facto closure of the strait, through which about 20 percent of the world’s oil supplies pass in peacetime, has caused major global supply chain disruptions and surging energy prices.
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