World News
Today, the G7 will discuss via video conference the economic repercussions of the war in Iran
French President Emmanuel Macron is holding Macron A meeting of heads of state and government will be held at 3 pm today, Wednesday G7 Regarding the economic repercussions of the war in IranParticularly the situation in the energy sector and measures to contain it, according to the Elysee Palace.
The Elysee Palace noted that the meeting “will be the first discussion among G7 members on this issue, as economic coordination is essential for an effective and useful response to the situation,” given that France holds the presidency of the group this year.
The Elysee Palace noted that the meeting “will be the first discussion among G7 members on this issue, as economic coordination is essential for an effective and useful response to the situation,” given that France holds the presidency of the group this year.
Use of strategic oil reserves
On Monday, Macron hinted at the possibility of G7 countries using their strategic oil reserves to contain the sharp rise in prices amid the war in Iran and its potential spillover into other oil-producing countries in the region.
After rising for several days, reaching $120 a barrel on Monday, prices fell on Tuesday following statements by US President Donald Trump, who insisted that the war with Iran would end soon.
The announcement by the member states of the International Energy Agency on Tuesday that they would hold a meeting to assess the security of supplies and the potential use of strategic oil reserves helped to reassure investors.
