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ANALYSIS

G7 leaders back Hormuz reopening after Modi urges Global South support

The Évian G7 treated Global South vulnerability as part of the same supply-chain shock facing wealthy economies.

Belgium Impulse Editorial·18 June 2026·2 min read·
Well established· 1 primary source + 2 official documents + 2 independent reporting sources · Academic sources: 1 · Background sources: 1

In 30 seconds

  • The G7 leaders' statement says Egypt, Kenya and the Republic of Korea supported its growth declaration.
  • The G7 leaders' statement calls free and safe Strait of Hormuz transit imperative for limiting supply-chain damage.
  • Narendra Modi told the outreach session that vulnerable countries should not bear the West Asia crisis alone.
  • The G7 leaders' statement asks the IMF and OECD to monitor how major-economy policies contribute to global imbalances.

How we got here

  1. 2003-06-01

    Évian hosted a G8 summit that widened outreach to major emerging economies.

  2. 2019-08-24

    France hosted the Biarritz G7, Macron's previous French G7 presidency.

  3. 2025-06-16

    The previous G7 summit opened in Kananaskis, Canada, amid the earlier Iran crisis.

  4. 2026-06-11

    The Global Convergence for Growth Summit took place before the G7, according to the G7 statement.

  5. 2026-06-15

    The Évian G7 summit opened in France.

The G7 (

Institution

Group of Seven

advanced-economy policy coordination group

Why it matters

advanced-economy policy coordination group

About

The Group of Seven (G7) is an intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is organized around the shared values of pluralism, liberal democracy, and representative government. G7 members are major IMF advanced economies.

advanced economies, founded in the 1970s and including the EU at summit level) coordinates policy among Canada, France, Germany, Italy, Japan, the UK and the US. Évian-les-Bains (French spa town on
Place

Lake Geneva

location of Évian-les-Bains

Why it matters

location of Évian-les-Bains

About

Lake Geneva is a deep lake on the north side of the Alps, shared between Switzerland and France. It is one of the largest lakes in Western Europe and the largest on the course of the Rhône. Sixty percent of the lake belongs to Switzerland and forty percent to France.

) hosted the 2026 summit on 15-17 June.
Person

Narendra Modi

India's prime minister who attended as an outreach leader

Why it matters

India's prime minister who attended as an outreach leader

About

Narendra Damodardas Modi is an Indian politician who has served as the prime minister of India since 26 May 2014. Modi was the chief minister of Gujarat from 2001 to 2014 and is the Member of Parliament (MP) for Varanasi. He is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a right-wing Hindutva paramilitary volunteer organisation.

(
Place

India

country represented by Narendra Modi and earlier outreach participant

Why it matters

country represented by Narendra Modi and earlier outreach participant

About

India, officially the Republic of India, is a country in South Asia. It is the world's seventh-largest country by area and the largest by population. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is near Sri Lanka and the Maldives.

's prime minister since 2014) attended as an outreach leader. The Global South (a political shorthand for many developing and emerging economies) is not a formal bloc. The
Place

Strait of Hormuz

waterway where the statement called for free and safe transit

Why it matters

waterway where the statement called for free and safe transit

About

The Strait of Hormuz is a waterway between the Persian Gulf and the Gulf of Oman. On the north coast lies Iran, and on the south coast lies the Musandam Peninsula under the Musandam Governorate of Oman, with a portion of the southwest of the peninsula under the United Arab Emirates (UAE). The strait is about 104 miles long, with a width varying from about 60 mi to 24 mi.

(narrow
Place

Gulf

shipping region linked to fertiliser and energy prices

Why it matters

shipping region linked to fertiliser and energy prices

About

Gulf Province is a province of Papua New Guinea located on the southern coast. The provincial capital is Kerema. The 34,472 km2 province is dominated by mountains, lowland river deltas, and grassland flood plains. In Gulf Province, the Kikori, Turama, Purari, and Vailala rivers meet the Papuan Gulf. The province has the second-smallest population of all the provinces of Papua New Guinea with 106,898 inhabitants.

waterway between
Place

Iran

country bordering the Strait of Hormuz

Why it matters

country bordering the Strait of Hormuz

About

Iran, officially the Islamic Republic of Iran, historically known as Persia, is a country in West Asia. It borders Iraq to the west, Turkey, Azerbaijan, and Armenia to the northwest, the Caspian Sea to the north, Turkmenistan to the northeast, Afghanistan to the east, Pakistan to the southeast, and the Gulf of Oman and the Persian Gulf to the south. With a population of over 92 million, Iran ranks 17th globally in both geographic size and population.

and
Place

Oman

country bordering the Strait of Hormuz

Why it matters

country bordering the Strait of Hormuz

About

Oman, officially the Sultanate of Oman, is a country in the southeastern Arabian Peninsula in West Asia. It shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen, while also sharing maritime borders with Iran and Pakistan. Oman's coastline faces the Arabian Sea to the southeast and the Gulf of Oman on the northeast.

) is central to oil, gas and fertiliser shipping.
Person

Emmanuel Macron

French president and 2026 G7 host who chaired the summit

Why it matters

French president and 2026 G7 host who chaired the summit

About

Emmanuel Jean-Michel Frédéric Macron is a French politician who has served as President of France since 2017. He has been a member of Renaissance since founding the party in 2016. Macron previously served as Deputy Secretary-General to the President from 2012 to 2014 and Minister of Economics and Finance from 2014 to 2016 under President François Hollande.

(French president and 2026 G7 host) chaired the summit. The
Institution

International Energy Agency

energy security body setting the oil-stockholding benchmark cited by the G7

Why it matters

energy security body setting the oil-stockholding benchmark cited by the G7

About

The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organization, established in 1974, that provides policy recommendations, analysis and data on the global energy sector. The 32 member countries and 13 association countries of the IEA represent 75% of global energy demand.

(
Place

Paris

base of the International Energy Agency

Why it matters

base of the International Energy Agency

About

Paris is the capital and largest city of France, with an estimated city population of 2.04 million in an area of 105.4 km2 (40.7 sq mi), and a metropolitan population of 13.2 million as of January 2026. Located on the river Seine in the centre of the Île-de-France region, it is the largest metropolitan area and fourth-most populous city in the European Union (EU).

-based energy security body) sets the oil-stockholding benchmark cited by the G7. The
Institution

International Monetary Fund

global institution the G7 wants to use for imbalance surveillance

Why it matters

global institution the G7 wants to use for imbalance surveillance

About

The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D.C. It consists of 191 member countries, and its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world".

and
Institution

World Trade Organization

global institution the G7 wants to use for trade reform

Why it matters

global institution the G7 wants to use for trade reform

About

The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. Established on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, it succeeded the General Agreement on Tariffs and Trade (GATT), which was created in 1948. As the world's largest international economic organization, the WTO has 166 members, representing over 98% of global trade and global GDP.

are the global institutions the G7 wants to use for imbalance surveillance and trade reform.

Background

Évian has a history as a stage for widening the G7 conversation: the

Event

2003 G8 summit

Évian summit that widened the G7 conversation through outreach

Why it matters

Évian summit that widened the G7 conversation through outreach

there brought
Place

China

country brought into the 2003 outreach format

Why it matters

country brought into the 2003 outreach format

About

China, officially the People's Republic of China (PRC), is a country in East Asia. It is divided into 33 province-level divisions, including two special administrative regions. Beijing is the capital, while Shanghai is the most populous city by urban area. Its geography features the Central Plain, major rivers such as the Yangtze and Yellow River, deserts, subtropical and temperate forests, plateaus, and mountain ranges such as the Himalayas.

, India, Brazil, Mexico and South Africa into an informal outreach format. The G20 then displaced the G7 as the main crisis forum after the 2008 financial crash. The G7 returned to prominence after Russia's 2014 exclusion from the G8 and again during the 2022 energy shock after Russia's invasion of Ukraine. The French 2026 presidency revived the imbalance debate, while the G7 leaders' statement says the work will continue at the G20 under the United States host year.

The wider picture

The broader contest is about who writes the rules when shocks hit: the G7, the G20, China-facing trade blocs, or ad hoc crisis coalitions around energy and shipping lanes. Hormuz turns a regional conflict into a global inflation and food-security risk, while the Global South framing tests Western claims that its partnerships are not purely transactional.

Why now

The trigger is the 15-17 June 2026 G7 summit in Évian and its 17 June growth statement, issued as leaders tried to respond to West Asia disruption, Hormuz shipping concerns, fertiliser pressure and persistent global imbalances.

Context & what happens next

What to watch

Watch three signals: whether commercial traffic through Hormuz returns without new charges or security shocks, whether the IMF and OECD publish sharper imbalance monitoring, and whether the G20 under the United States host year turns G7 language into broader commitments.

What to do

Nothing changes overnight for Belgian readers. The practical takeaway is to monitor energy and food-price exposure rather than the summit communique alone: farmers, importers and SMEs should watch fertiliser, fuel and freight contracts, while EU-facing organisations should follow how Brussels translates G7 language into trade, reserves and development-finance policy.

Evidence
Well established · 1 primary source + 2 official documents + 2 independent reporting sources · Academic sources: 1 · Background sources: 1
Explore evidence
Al Jazeera - Is the G7 hearing the Global South?
Published:
18 Jun 2026, 02:00
Retrieved by ODIN:
18 Jun 2026
Read original
Élysée / G7 Évian 2026 - Leaders' statement for a more balanced durable resilient growth
Published:
17 Jun 2026, 02:00
Retrieved by ODIN:
18 Jun 2026
Read original
Élysée / G7 Évian 2026 - Leaders' statement on geopolitical issues
Published:
17 Jun 2026, 02:00
Retrieved by ODIN:
18 Jun 2026
Read original
Times of India - Can't ask Global South to bear Iran war brunt alone: PM Modi at G7
Published:
18 Jun 2026, 02:00
Retrieved by ODIN:
18 Jun 2026
Read original
The Guardian - Macron frames Évian G7 agenda in hope Trump will stay for whole summit
Published:
15 Jun 2026, 02:00
Retrieved by ODIN:
18 Jun 2026
Read original
Le Monde - G7 finance ministers meet in Paris to overcome their differences
Published:
18 May 2026, 02:00
Retrieved by ODIN:
18 Jun 2026
Read original
Kiparisov and Folberth, Cascading disruptions in natural gas, fertilizers, and crops drive structural food supply vulner
Published:
7 May 2026, 02:00
Retrieved by ODIN:
18 Jun 2026
Read original

Voices & reactions

What the main actors are doing

Reported positions, summarised — not direct quotations

G7 leaders

The G7 leaders' statement argues that the priority is crisis containment: reopen the Strait of Hormuz, avoid arbitrary export restrictions, strengthen oil reserves and use the IMF, OECD and WTO to manage wider imbalances. In this frame, Global South concerns are best handled through market stability and international institutions, not a separate redistribution package.

India / Global South diplomacy

Narendra Modi's outreach message frames the same crisis as an equity problem: countries with less fiscal space should not be left to absorb higher fuel, fertiliser and food costs created by conflicts and decisions elsewhere. The argument is that G7 capital, Indian skills and local ownership in developing countries should be linked through connectivity, trade and finance partnerships.

Food-system researchers

The Kiparisov and Folberth paper supports a structural reading: shocks in gas, fertilisers and crops cascade because the food system is tightly coupled and concentrated upstream. From this perspective, the G7's reserve and supply-chain language is relevant but incomplete unless it reduces dependency in the inputs that determine food availability.

The story, connected

Explore the people, places and ideas in this story

Go beyond the headline. Open a card for sourced context, maps, official links and the other subjects connected to this report.

Organisations

G7

leaders backed reopening and coordinated the economic-security agenda

In this story

leaders backed reopening and coordinated the economic-security agenda

Background

The Group of Seven (G7) is an intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is organized around the shared values of pluralism, liberal democracy, and representative government. G7 members are major IMF advanced economies.

Places

Hormuz

waterway referenced in the reopening call

In this story

waterway referenced in the reopening call

Background

Hormuz is a city on Hormuz Island and the capital of Hormuz District, Bandar Abbas County, Hormozgan province, Iran.

People

Modi

urged support for the Global South

In this story

urged support for the Global South

Background

Amedeo Clemente Modigliani was an Italian painter and sculptor of the École de Paris who worked mainly in France. He is known for portraits and nudes in a modern style characterised by a surreal elongation of faces, necks, and figures — works that were not received well during his lifetime, but later became much sought after. Modigliani was born and spent his youth in Italy, where he studied the art of antiquity and the Renaissance.

Concepts

G7 leaders' 17 June statement

statement calling for transit through Hormuz, oil reserves, WTO reform and IMF surveillance

In this story

statement calling for transit through Hormuz, oil reserves, WTO reform and IMF surveillance

Places

Strait of Hormuz

waterway where the statement called for free and safe transit

In this story

waterway where the statement called for free and safe transit

Background

The Strait of Hormuz is a waterway between the Persian Gulf and the Gulf of Oman. On the north coast lies Iran, and on the south coast lies the Musandam Peninsula under the Musandam Governorate of Oman, with a portion of the southwest of the peninsula under the United Arab Emirates (UAE). The strait is about 104 miles long, with a width varying from about 60 mi to 24 mi.

Organisations

WTO

body targeted for trade reform

In this story

body targeted for trade reform

Background

The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. Established on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, it succeeded the General Agreement on Tariffs and Trade (GATT), which was created in 1948. As the world's largest international economic organization, the WTO has 166 members, representing over 98% of global trade and global GDP.

Organisations

IMF

body targeted for surveillance of global imbalances

In this story

body targeted for surveillance of global imbalances

Background

The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D.C. It consists of 191 member countries, and its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world".

Places

Brussels

location where EU positions and diplomacy are shaped

In this story

location where EU positions and diplomacy are shaped

Background

The City of Brussels is the largest municipality and historical centre of the Brussels-Capital Region, as well as the capital of the French Community of Belgium, the Flemish Region, and Belgium. The City of Brussels is also the administrative centre of the European Union, as it hosts a number of principal EU institutions in its European Quarter.

Places

Gulf

shipping region linked to fertiliser and energy prices

In this story

shipping region linked to fertiliser and energy prices

Background

Gulf Province is a province of Papua New Guinea located on the southern coast. The provincial capital is Kerema. The 34,472 km2 province is dominated by mountains, lowland river deltas, and grassland flood plains. In Gulf Province, the Kikori, Turama, Purari, and Vailala rivers meet the Papuan Gulf. The province has the second-smallest population of all the provinces of Papua New Guinea with 106,898 inhabitants.

Organisations

Group of Seven

advanced-economy policy coordination group

In this story

advanced-economy policy coordination group

Background

The Group of Seven (G7) is an intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is organized around the shared values of pluralism, liberal democracy, and representative government. G7 members are major IMF advanced economies.

Places

Évian-les-Bains

French spa town that hosted the 2026 summit

In this story

French spa town that hosted the 2026 summit

Background

Évian-les-Bains, or simply Évian, is a commune in Eastern France, by the Swiss border. It is located in the northern part of the Haute-Savoie department in the Auvergne-Rhône-Alpes region.

Places

Lake Geneva

location of Évian-les-Bains

In this story

location of Évian-les-Bains

Background

Lake Geneva is a deep lake on the north side of the Alps, shared between Switzerland and France. It is one of the largest lakes in Western Europe and the largest on the course of the Rhône. Sixty percent of the lake belongs to Switzerland and forty percent to France.

People

Narendra Modi

India's prime minister who attended as an outreach leader

In this story

India's prime minister who attended as an outreach leader

Background

Narendra Damodardas Modi is an Indian politician who has served as the prime minister of India since 26 May 2014. Modi was the chief minister of Gujarat from 2001 to 2014 and is the Member of Parliament (MP) for Varanasi. He is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a right-wing Hindutva paramilitary volunteer organisation.

Places

India

country represented by Narendra Modi and earlier outreach participant

In this story

country represented by Narendra Modi and earlier outreach participant

Background

India, officially the Republic of India, is a country in South Asia. It is the world's seventh-largest country by area and the largest by population. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is near Sri Lanka and the Maldives.

Places

Iran

country bordering the Strait of Hormuz

In this story

country bordering the Strait of Hormuz

Background

Iran, officially the Islamic Republic of Iran, historically known as Persia, is a country in West Asia. It borders Iraq to the west, Turkey, Azerbaijan, and Armenia to the northwest, the Caspian Sea to the north, Turkmenistan to the northeast, Afghanistan to the east, Pakistan to the southeast, and the Gulf of Oman and the Persian Gulf to the south. With a population of over 92 million, Iran ranks 17th globally in both geographic size and population.

Places

Oman

country bordering the Strait of Hormuz

In this story

country bordering the Strait of Hormuz

Background

Oman, officially the Sultanate of Oman, is a country in the southeastern Arabian Peninsula in West Asia. It shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen, while also sharing maritime borders with Iran and Pakistan. Oman's coastline faces the Arabian Sea to the southeast and the Gulf of Oman on the northeast.

People

Emmanuel Macron

French president and 2026 G7 host who chaired the summit

In this story

French president and 2026 G7 host who chaired the summit

Background

Emmanuel Jean-Michel Frédéric Macron is a French politician who has served as President of France since 2017. He has been a member of Renaissance since founding the party in 2016. Macron previously served as Deputy Secretary-General to the President from 2012 to 2014 and Minister of Economics and Finance from 2014 to 2016 under President François Hollande.

Organisations

International Energy Agency

energy security body setting the oil-stockholding benchmark cited by the G7

In this story

energy security body setting the oil-stockholding benchmark cited by the G7

Background

The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organization, established in 1974, that provides policy recommendations, analysis and data on the global energy sector. The 32 member countries and 13 association countries of the IEA represent 75% of global energy demand.

Places

Paris

base of the International Energy Agency

In this story

base of the International Energy Agency

Background

Paris is the capital and largest city of France, with an estimated city population of 2.04 million in an area of 105.4 km2 (40.7 sq mi), and a metropolitan population of 13.2 million as of January 2026. Located on the river Seine in the centre of the Île-de-France region, it is the largest metropolitan area and fourth-most populous city in the European Union (EU).

Organisations

International Monetary Fund

global institution the G7 wants to use for imbalance surveillance

In this story

global institution the G7 wants to use for imbalance surveillance

Background

The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D.C. It consists of 191 member countries, and its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world".

Organisations

World Trade Organization

global institution the G7 wants to use for trade reform

In this story

global institution the G7 wants to use for trade reform

Background

The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. Established on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, it succeeded the General Agreement on Tariffs and Trade (GATT), which was created in 1948. As the world's largest international economic organization, the WTO has 166 members, representing over 98% of global trade and global GDP.

Concepts

2003 G8 summit

Évian summit that widened the G7 conversation through outreach

In this story

Évian summit that widened the G7 conversation through outreach

Places

China

country brought into the 2003 outreach format

In this story

country brought into the 2003 outreach format

Background

China, officially the People's Republic of China (PRC), is a country in East Asia. It is divided into 33 province-level divisions, including two special administrative regions. Beijing is the capital, while Shanghai is the most populous city by urban area. Its geography features the Central Plain, major rivers such as the Yangtze and Yellow River, deserts, subtropical and temperate forests, plateaus, and mountain ranges such as the Himalayas.

Places

Brazil

country brought into the 2003 outreach format

In this story

country brought into the 2003 outreach format

Background

Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is also the world's fifth-largest country by area and the seventh-largest by population, with over 213 million people. Brazil is a federation composed of 26 states and a Federal District, which hosts the capital, Brasília. Its most populous city is São Paulo, followed by Rio de Janeiro.

Places

Mexico

country brought into the 2003 outreach format

In this story

country brought into the 2003 outreach format

Background

Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, bordering the United States of America to the north and Guatemala and Belize to the southeast, while having maritime boundaries with the Pacific Ocean to the west, the Caribbean Sea to the southeast, and the Gulf of Mexico to the east. Mexico covers 1,972,550 km2, and is the thirteenth-largest country in the world by land area.

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