US secretary of state, meeting G7 foreign ministers, also says Iran could set up a toll system for the strait of Hormuz
More now on India slashing taxes on diesel and petrol amid the global disruption in energy supplies: finance minister Nirmala Sitharaman said the move would “provide protection to consumers from rise in prices”.
The country is one of the world’s largest crude oil importers and relies on foreign suppliers for more than 85% of its oil needs, with Russia being the biggest supplier.
