Live Update 
From the Liveblog of
Tuesday, May 19, 2026
From the Liveblog of
Tuesday, May 19, 2026
G7 finance chiefs say Strait of Hormuz must reopen, commit to stable energy markets
Add ToI as a Preferred Source on GoogleThe finance ministers of the G7 group of countries reiterate that it is imperative to reopen the Strait of Hormuz, which is blocked by Iran, and that it is important to tackle global, current account imbalances.
They also reaffirm 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 say they remain committed to stable energy markets and call on all countries to avoid arbitrary export restrictions.
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