G7 leaders intend to tighten sanctions pressure on Russia’s oil and gas sector G7 leaders believe that a deal between the US and Iran regarding the Strait of Hormuz has created favorable conditions for action. This development is seen as creating suitable conditions for further steps, likely related to tightening sanctions pressure on Russia’s oil and gas sector.

• G7 leaders state that a US-Iran deal concerning the Strait of Hormuz creates suitable conditions.
• This agreement is perceived as paving the way for further actions, potentially related to sanctions.