French Finance Minister Roland Lescure has told reporters that the Strait of Hormuz needs to reopen “but not at any price,” adding that G7 leaders felt the gravity of the situation as they met in Washington, AFP reports.

Lescure has told reporters in Washington after a G7 meeting that “the general feeling was gravity” when it came to the war.

“We need this to open, but not at any price,” he adds of the blockage.

“I’m going to tell you very seriously, I don’t want to pay $1 to go through the Strait of Hormuz,” Lescure says, adding that leaders know “the range of outcomes is pretty wide” when it comes to the conflict.

Lescure was speaking on the sidelines of the International Monetary Fund and World Bank’s spring meetings in Washington, which bring together global financial leaders to the US capital.

“We value the fact that negotiation seems to be going on, and I hope they produce a result,” Lescure says.