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Story summary
- Thailand hosts G20 finance ministers and central bank governors meeting on fallout from the U.S.–Israel war on Iran.
- IMF Managing Director Kristalina Georgieva and World Bank President Ajay Banga attend the Bangkok gathering.
- U.S. Treasury Secretary Scott Bessent skips the meeting, sending Deputy Francis Brooke to urge action on global imbalances.
- Disruption in the Strait of Hormuz has kept crude oil above $100 a barrel for most of eight months.