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France finance minister says Hormuz must open, G7 ready to mitigate war fallout

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France's Economy and Finance Minister Roland Lescure says the G7 stands ready to help mitigate fallout from the Middle East war

France's Economy and Finance Minister Roland Lescure says the G7 stands ready to help mitigate fallout from the Middle East war

French Finance Minister Roland Lescure told reporters Thursday that the Strait of Hormuz needs to reopen "but not at any price," adding that G7 leaders stand ready to mitigate the economic fallout from war.

The Middle East war erupted after US-Israeli strikes targeting Iran on February 28, prompting Tehran to virtually block the Strait of Hormuz in retaliation.

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