Ankara: The G7 foreign ministers announced their readiness to take "necessary measures" to support global energy supplies and ensure the safety of maritime routes, with a particular focus on the Strait of Hormuz. A statement from the ministers of Canada, France, Germany, Italy, Japan, the UK, and the US, as well as the EU's High Representative Kaja Kallas, highlighted the International Energy Agency's stockpile release decision on March 11 as a precedent for the type of actions they are prepared to endorse.

According to Anadolu Agency, the ministers emphasized the significance of maintaining secure maritime routes, navigation safety, supply chain security, and energy market stability. They condemned Iranian attacks on energy infrastructure in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Jordan, and Iraq, demanding an end to these actions. The G7 reiterated its support for the right of the targeted countries to defend themselves.

The G7 reaffirmed its position that Iran should never acquire a nuclear weapon, halt its ballistic missile program, and cease destabilizing activities regionally and globally. The disruption of the Strait of Hormuz since early March has been part of Iran's response to US and Israeli strikes starting February 28, causing oil prices to rise. These strikes reportedly resulted in 1,300 casualties, including the death of then-Supreme Leader Ali Khamenei.

The Strait of Hormuz is crucial for global oil and liquefied natural gas trade, typically managing around 20 million barrels per day and about 20% of the world's LNG trade.