March 12, 2026
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11:54:59Now PlayingWatch LIVE as G7 leaders hold an emergency virtual meeting hosted by French President Emmanuel Macron to discuss the escalating Iran crisis and its impact on global oil markets. U.S. President Donald Trump joins leaders from Britain, Canada, Germany, Italy, and Japan for urgent talks on the geopolitical fallout from the Middle East conflict.
The meeting comes as oil prices surged close to $120 per barrel amid fears of supply disruptions and threats to shipping routes through the Strait of Hormuz, a critical artery for global energy trade. G7 leaders are expected to discuss possible measures to stabilize markets, including the potential release of strategic oil reserves coordinated by the International Energy Agency (IEA).
Energy security, economic stability, and the risk of further escalation in the Middle East are central to the discussions. Stay tuned for live updates and key statements from world leaders as the G7 responds to one of the most serious geopolitical and energy crises in recent years.
#iranwar #oilprices #g7 #news
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