G7 Considers Long-term Strait of Hormuz reopening

French President Emmanuel Macron announced that the G7 summit to be held in Évian will discuss the repercussions of the agreement between the United States and Iran, including the reopening of the Strait of Hormuz. The summit will last three days and will also address support for Lebanon and the development of strategies to diversify energy sources, according to Macron. This comes amid concerns about the impact of closing the strait on fuel prices, as one-fifth of the world’s oil production passes through this strategic passage.

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