US-hosted G20 finance meeting to push Iran sanctions - Middle East Eye
US-hosted G20 finance meeting to push Iran sanctions - Middle East Eye
Source: Middle East Eye
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DW NOTE
The Strait of Hormuz has been effectively closed for four days, cutting roughly 4% from global oil supply, yet Washington is convening finance ministers to discuss sanctions enforcement. Either they believe the current blockade isn't hurting enough, or they've concluded markets have already priced in permanent supply loss and want credit for the containment.