Overview
- The G7, which assembled Monday by video in a first-of-its-kind format since 1975, brought finance, energy and central bank leaders together to track supply strains and inflation risks.
- Following last week’s foreign ministers’ talks near Paris, the bloc reaffirmed Ukraine as its top security focus and pressed for safe passage through the Strait of Hormuz without announcing major new joint actions.
- Officials said the Gulf conflict has choked most shipping through the strait and driven oil and gas prices higher, which has started to hit factories, shippers and households worldwide.
- France urged quick, targeted relief and pledged €70 million for farmers, fishers and haulers in April as the United States pushed partners to help break Iran’s blockade.
- Coverage from multiple outlets described meeting fatigue, growing rifts between Washington and some European allies, and a push to widen involvement to partners such as India, whose foreign minister joined the Paris talks and whose prime minister is set for June’s Evian summit.