The Group of Seven countries is the right forum for discussing how to bring a lasting end to the war in Iran, which along with the blockade of the Strait of Hormuz poses a serious threat to the global economy, German Finance Minister Lars Klingbeil said, according to Reuters.
“Our path as Europeans remains clear: We rely on cooperation rather than confrontation,” Klingbeil said. “We rely on partnerships, reliability, open trade, and the strength of the rule of law.”
The minister said recent crises had underlined the need for Germany and Europe to become more independent and resilient, particularly in raw materials, energy and supply chains.
