Quad foreign ministers expressed “grave concerns” over economic coercion, including through arbitrary export restrictions and non-market policies and practices that result in overcapacity and disrupt global supply chains in critical industries, in the joint statement issued after Saturday’s meeting in Atlanta, according to Reuters.

The text also emphasized the “absolute necessity to protect and preserve navigational rights and freedoms in the Strait of Hormuz, the Red Sea, and the Bab el-Mandeb Strait”.