While there appears to be broad agreement that the strait must be reopened quickly, divisions remain over how to achieve that. The United States is reportedly pushing for European and Asian allies to support efforts to restore shipping, but several European partners are reluctant to take on a military role. Officials warn that prolonged instability could further drive up energy prices, unsettle financial markets, and fuel inflation, especially in Europe and Asia. With no clear timeline for when the conflict may end, G7 ministers face a difficult task in trying to cushion their economies from what could become a deeper and longer-lasting crisis.
