The G20 finance ministers advocated for safe and cost-free navigation in the Strait of Hormuz, according to a note issued after the group's meeting. The Strait of Hormuz is a strategic maritime route for global oil transportation.
The specific paragraph mentioning Hormuz was approved by all G20 members, with the exception of China, which did not agree with that part of the document. This indicates a divergence between China and the other nations in the group on the issue.
The G20 finance ministers' position reflects international concern over freedom of navigation in one of the world's most important trade routes. The joint document demonstrates a collective effort to ensure international trade remains undisturbed.
