G7 Leaders Demand Ceasefire in Lebanon, Welcome Iran Deal

Kathmandu. Leaders of the world's major industrial nations participating in the G7 summit held in Évian-les-Bains, France on Wednesday have demanded an immediate ceasefire in Lebanon.

They also welcomed the interim agreement with Iran and stated that new strategies would be adopted to further secure world energy supply.

The leaders expressed concern over the instability in the world energy market due to the war in West Asia and decided to reduce dependence on the Strait of Hormuz in the future.

According to the G7 countries, energy security will be strengthened by developing alternative routes for oil and gas supply. The Hormuz is one of the world's most important oil transit routes, and any disruption there directly affects the world economy.

The formal announcement of the ceasefire agreement between the United States and Iran to end the war is expected on Friday in Switzerland.

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