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France Holds G7 Meeting on Middle East Crisis
(MENAFN) France will host a joint gathering of G7 finance ministers, energy officials, and central bank representatives next week to examine the escalating situation in the Middle East, Economy Minister Roland Lescure announced Thursday.
In remarks to a radio broadcaster, Lescure said the meeting is scheduled for Monday and will center on evaluating developments in the region along with their potential consequences for global energy supplies and economic stability.
“So we will see the ministers of economy, the ministers of energy and the central banks together on Monday to discuss the situation, to understand what is happening,” he said.
The move comes as rising tensions in the Middle East continue to fuel concerns over disruptions in energy markets and broader economic risks.
As stated by reports, France—currently holding the rotating presidency of the Group of Seven (G7)—is organizing the discussions as part of wider efforts to respond to global economic pressures.
The G7 consists of seven leading industrialized nations: Germany, Canada, the United States, France, Italy, Japan, and the United Kingdom.
France is also preparing to host a G7 summit in the eastern city of Evian in mid-June.
The escalation in the Middle East has persisted since the United States and Israel launched a joint offensive against Iran on Feb. 28, which has reportedly resulted in more than 1,340 deaths, including then-Supreme Leader Ali Khamenei.
Tehran has responded with multiple drone and missile strikes targeting Israel and Gulf nations that host US military bases.
Meanwhile, activity through the Strait of Hormuz has been significantly restricted since early March. Roughly 20 million barrels of oil typically pass through the route each day, and the disruption has increased shipping costs and contributed to rising global oil prices, according to reports.
In remarks to a radio broadcaster, Lescure said the meeting is scheduled for Monday and will center on evaluating developments in the region along with their potential consequences for global energy supplies and economic stability.
“So we will see the ministers of economy, the ministers of energy and the central banks together on Monday to discuss the situation, to understand what is happening,” he said.
The move comes as rising tensions in the Middle East continue to fuel concerns over disruptions in energy markets and broader economic risks.
As stated by reports, France—currently holding the rotating presidency of the Group of Seven (G7)—is organizing the discussions as part of wider efforts to respond to global economic pressures.
The G7 consists of seven leading industrialized nations: Germany, Canada, the United States, France, Italy, Japan, and the United Kingdom.
France is also preparing to host a G7 summit in the eastern city of Evian in mid-June.
The escalation in the Middle East has persisted since the United States and Israel launched a joint offensive against Iran on Feb. 28, which has reportedly resulted in more than 1,340 deaths, including then-Supreme Leader Ali Khamenei.
Tehran has responded with multiple drone and missile strikes targeting Israel and Gulf nations that host US military bases.
Meanwhile, activity through the Strait of Hormuz has been significantly restricted since early March. Roughly 20 million barrels of oil typically pass through the route each day, and the disruption has increased shipping costs and contributed to rising global oil prices, according to reports.
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