INOSMI: G7 Disagreements and Europe's Fears Bloomberg (#USA). "US President Donald #Trump continues to repeat that the Strait of #Hormuz, through which until recently a fifth of the world's oil and liquefied natural gas shipments passed, will reopen by Friday. However, on the sidelines of the G7 summit, where #Iran was the main topic of conversation at a dinner on Monday, it became clear that his European allies do not share his optimism.