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Friday, 23 October 2026

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G20 finance ministers call for safe navigation in Hormuz

G20 finance ministers advocated for safe and cost-free navigation in the Hormuz Strait during a summit in the United States.

Archive photo: G20 finance ministers call for safe navigation in Hormuz
Archive photoPhoto: CPLP · Wikimedia Commons · Public domain

The G20 finance ministers, convened at a summit in the United States, issued a statement calling for "free and safe" navigation in the Hormuz Strait. The strait, a vital maritime route, is currently under a blockade imposed by Iran.

During the second day of meetings, the ministers emphasized the need to ensure that navigation in this strategic area is secure and without additional costs. This position comes amid geopolitical tensions in the region, particularly between Iran and the United States.

The calls for safe navigation reflect concerns about the impact of insecurity on the global economy, especially given the importance of the strait for oil and gas transportation.