G7 ready to take ‘necessary measures’ to ensure energy market stability

TL;DR

G7 crisis talks as Iran war continues to roil global economy G-7 Says Ready to Take Measures For Energy Market Stability Jitters afflict G7 nations as higher energy prices threaten to drive up inflation, damage purchasing power and stunt growth. Economy and finance ministers from the Group of Seven (G7) countries have vowed to do what it takes to stabilise roiling energy markets amid the US-Israeli war on Iran. “We stand ready to take all necessary measures in close coordination with our partners, including to preserve the stability and security of the energy market,” said the G7 in a statement after a teleconference organised Monday by France, which holds the group’s presidency this year.