Core Viewpoint - The article highlights the escalating tensions in the Strait of Hormuz, emphasizing Iran's assertion of control over the waterway and its military actions against vessels perceived as threats, particularly those associated with the U.S. and Israel [2][3][4]. Group 1: Iran's Military Actions - The Iranian Revolutionary Guard Corps (IRGC) has reiterated its absolute jurisdiction over the Strait of Hormuz, declaring that the U.S. and its allies have lost their rights to navigate through the area [2]. - Two vessels, the "Expres Room" and "Mayuree Naree," were targeted by Iranian forces for allegedly ignoring warnings, with the former being identified as Israeli-owned [2]. - The IRGC has stated that every inch of the Strait is under their strict surveillance, and any vessel wishing to pass must obtain permission from Iran [2]. Group 2: Iran's Strategic Position - Iran's military spokesperson announced a shift from a "tit-for-tat" retaliation strategy to a "chain strike" approach, indicating a more aggressive stance in response to perceived threats [3]. - Any vessels belonging to the U.S., Israel, or their partners, as well as their oil cargoes, are now considered legitimate targets for Iranian military action [4]. Group 3: International Response - The G7 energy ministers have expressed support for proactive measures to address the current situation, including the potential use of strategic energy reserves [5]. - A video conference was held to discuss the impact of Middle Eastern conflicts on global energy markets, focusing on oil and gas supply security and energy pricing [5][6]. - The G7 countries plan to coordinate closely with the International Energy Agency to monitor energy market trends and are prepared to take necessary actions if required [6].

Core Viewpoint - The G7 countries support the potential use of strategic reserves to stabilize the energy market in response to current global challenges [1][3]. Group 1 - The G7 energy ministers held a video conference on October 10 to discuss the impact of the Middle East conflict on global energy markets, focusing on oil and gas supply security and energy price issues [3]. - The G7 members will coordinate closely with the International Energy Agency and its member countries to monitor energy market trends and are prepared to take necessary actions if required [3].