Overview
- The Paris meeting, which concluded Tuesday, produced a communique calling for a swift return to free and safe transit through the Strait of Hormuz.
- Ministers also agreed to deepen work on diversifying critical mineral supply chains and tasked experts to map AI-linked cyber risks to the financial system.
- The United States disclosed a temporary extension of a waiver on Russian seaborne oil during the talks, drawing public criticism from EU commissioner Valdis Dombrovskis.
- Officials flagged concern over volatile bond markets and rising debt costs, and France urged the IMF and World Bank to step up support for countries hurt by energy and fertilizer shortages.
- Leaders are set to revisit unresolved splits on trade and Russia at the June 15–17 Evian summit, after France broadened the finance-track talks to include Brazil, India, Kenya and Gulf states.