G7 Leaders Commit to Reducing Dependence on Strait of Hormuz Oil Route

Leaders of the G7 countries announced plans to reduce dependency on the Strait of Hormuz by diversifying energy supply routes and increasing energy stocks, according to a statement released by the group. Roughly 20% of global oil consumption and liquified natural gas currently passes through the strait, making it one of the world's most critical chokepoints for energy security. The move reflects concern among major developed economies about vulnerability to disruptions in a region subject to geopolitical tensions. Maximilian Hess, a fellow at the Foreign Policy Research Institute, argues that once the strait reopens, market forces rather than political decisions will ultimately determine oil and gas flows through the corridor.