Overview
- Finance ministers and central bank governors from the G7 met in Washington to assess how the war in Iran is shaking the global economy.
- The Strait of Hormuz remains largely closed despite a brief ceasefire, which has choked key oil and gas routes and pushed up prices.
- Japan announced $10 billion in support to help Asian countries secure crude oil and petroleum products as energy strains deepen.
- Japanese finance minister Satsuki Katayama said she and U.S. Treasury Secretary Scott Bessent agreed to strengthen close communication on exchange rates.
- Officials said the talks may end without a joint statement, and they indicated that support for Ukraine and access to critical minerals could be discussed.