What are the important factors to consider when discussing the opening of the Hormuz Strait?
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. Energy prices have soared since, with the strait being a key waterway for oil and gas transit