Paris: French Finance Minister Roland Lescure stated on Monday that the G7 would demonstrate the usefulness of multilateralism as finance ministers gather in Paris amid ongoing tensions in the Middle East. "I think today we are going to show that multilateralism is useful and that it works," Lescure told reporters ahead of the meeting, which will continue through Tuesday.

According to Anadolu Agency, Lescure emphasized the necessity of countries working together to address global challenges. He pointed out issues such as unsustainable global imbalances, the growing importance of raw materials and critical minerals, and crises severely affecting vulnerable countries. "The way global growth is unfolding today is clearly unsustainable. We must address this and commit to one another to ensure that we return to a more sustainable growth model," Lescure said.

The meeting takes place against the backdrop of escalating regional tensions following US and Israeli strikes on Iran on February 28, which led to retaliatory attacks by Tehran and disruptions in the Strait of Hormuz. A ceasefire was initiated on April 8 through Pakistani mediation, but talks in Islamabad did not result in a lasting agreement. US President Donald Trump later extended the truce without specifying a deadline.

Since April 13, the US has implemented a naval blockade targeting Iranian maritime traffic in the strategic waterway.